I have now missed 2 payments on my iva and have a date at the county court for my bankruptcy hearing.I have now found out that because i have a surplus left after all my expenditures that this can be taken to be paid to my creditors even though my sole income is benefits. What i wanted to know is what can i include in my expenditures. Can i include saving for holiday etc and also how can i calculate what my childrens disability allowence goes on when it changes and they have new groups etc starting after the court hearing.
You are allowed to save a small amount for a holiday but no idea about whether the benefits will be used for an IPA or how to calculate the disability allowance.
If the court are happy then you should be ok. I know I've read of some on here who have been able to go BR without a termination letter but it may be worth getting one if you can just in case.
Spoke to iva company and they said will be in breach at end of feb. Spoke to the county court and they said that they wont turn me away if haven't got letter of termination. Iva company said when i asked about making myself bankrupt they said that it would be up to the court if i could go ahead with it whilst still in the iva
The iva is interlocking with my ex partner and they cant seperate it and i cant make the payments to keep it going and he wont continue to make his payments and hasnt since january
What can I include in my expenditures ?
Posted - 08 January 2013 : 23:55:42
