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Lynne.73
Starting Member



2 Posts
Posted - 14 January 2011 :  14:31:18  Show Profile  Visit Lynne.73's Homepage  Reply with Quote
Hi looking to go bankrupt! IPA payments - my income is made up of wages, tax credits, child benefit, DLA for my son as autistic and child maintenance. Also would they take my car which I paid £300 and use for work although I only work clse by but use it to be home in time for children from school

Blackie
forum expert



United Kingdom
565 Posts
Posted - 14 January 2011 :  14:54:13  Show Profile  Visit Blackie's Homepage  Reply with Quote
Hi Lynne.73

The child based elements of your benefits are unlikely to be taken into consideration as these are benefits for your children.

The car is not worth too much and you need it for work. It is likely to be exempt in your bankruptcy.

Hope this helps.

John Blackadder
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debtinfo
forum expert



2826 Posts
Posted - 14 January 2011 :  18:31:28  Show Profile  Reply with Quote
All of your income is taken into account when working out an IPA, but no money will be taken directly from your benefits
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