Hi all, was just wondering all of you that have been made bankrupt and got a IPA did it leave you with enough money to live on. For example were you able to go out and have a holiday.
this is worrying me a little as going bankrupt is giving a frsh start but i want to be able to live.
Hi sara your listed expenditures will total what you need to live on. You are able to include a monthly sum for a modest holiday / short UK break. The amount needed to consider yourself "living" is different for every individual. Some would live with a smile on £20 per month above living expenditure, others may not smile with £500 per month. It's a personal thing, unique to each of us.
As John as said you can put a holiday saving within your petition, and what the OR will allow for a holiday differs across the board, some OR's will allow more than others, there doesn't seem to be a set pattern.
As regard for saving for a holiday, i think most of the country will find it difficult saving for them for the next couple of years.
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