I have heard that if you are made bankrupt then maybe they can take a chunk out of your wages every month is this true? If so, then what sort of calculation do they use?
Hi Lee, NO they dont take a CHUNK out of your wages. Its done on disposable income, what you have left after paying all your essentials then its worked out from there. Skippy i think it is has a rough calculator on there blog to show what you could end up paying. EG: DI say 200 per month then the OR may advise an IPA of £100 per month. If its less than 100 per month that you have after paying your essentials then the chances are you wont pay anything. I hope this helps. Jo
"There is light at the end of the tunnel, if you cant find it, get a brighter torch!"
is a chunk taken out of your wages every month?
Posted - 26 August 2008 : 18:07:49
