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Confused
Starting Member
44 Posts |
 Posted - 15 October 2008 : 11:44:39
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| I need some help and advice. I am stuck on how to make the right choice. I have no assets as living with parents, debits approx £42K and my surplus income will probably be about £340. Do I go for BR or IVA? |
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Needafriend
Junior Member
United Kingdom
344 Posts |
Posted - 15 October 2008 : 11:46:36
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Hi Confused and Welcome to our forum.
I think really seeing your current situation and dilema that it may be worth your while giving us a call at the helpline.
That way we can give you direct advice and also the options that would be better taken by you.
Please call us on
0800 078 9367
Best of luck
Jo x
Please visit my blog for info on how I got here and other information to guide you through from my experience called:
"Needafriends Links and added info on Bankruptcy!" available to view at:
http://debtfreejo.blogs.bankruptcyhelp.org.uk/ |
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tracy_b
Junior Member
United Kingdom
457 Posts |
Posted - 15 October 2008 : 11:51:48
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Hi Confused,
Cant really help you as not enough experience. I would give the helpline a ring. It is totally free advice and they will ring you back. They will certainy put you on the right path so to speak. Good luck and please call.
Tracy XX |
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JulianDonnelly
Junior Member
United Kingdom
325 Posts |
Posted - 15 October 2008 : 13:11:11
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Thanks Jo and Tracy!
Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk
Don't forget the helpline on 0800 078 9367 |
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movin on
Average Member
United Kingdom
946 Posts |
Posted - 15 October 2008 : 14:16:13
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Hi There
I completely agree with the others - a call to the helpline will be invaluable to you, with regards your query.
Good Luck
Jenny
xx
The weights are coming off my shoulders very slowly, but making such a big diference !! |
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Confused
Starting Member
44 Posts |
Posted - 15 October 2008 : 14:23:56
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| I now feel sick. I emailed our central HR team to check if BR or IVA would affect my employment, and have now been asked to meet with the manager. I don’t want people in my team to know about this |
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Needafriend
Junior Member
United Kingdom
344 Posts |
Posted - 15 October 2008 : 14:52:33
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Hi Confused
I would go to the meeting with your manager and ask that it remains a private thing between you and him/her.
It is not something that should be just passed about an office and if word gets out and its not via the paper or the insolvency site that these people have got there knowledge then you could have a case for brech on confidentiality.
I think really though that you should be honest with at least one person as these things can leak out but also dependent on the size of the company or your place of work then when the NT code is applied to your wages the department that deals with your wages may click on and then others may speak out without realisng.
I would bite the bullet and say only what you feel they should know, you dont have to tell all, you dont even have to say its you, it may be just a case of you generally speaking about it.
If you dont mind me asking what job do you do?
Jo x
Please visit my blog for info on how I got here and other information to guide you through from my experience called:
"Needafriends Links and added info on Bankruptcy!" available to view at:
http://debtfreejo.blogs.bankruptcyhelp.org.uk/ |
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Needafriend
Junior Member
United Kingdom
344 Posts |
Posted - 15 October 2008 : 14:54:08
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One more thing, have you called our helpline, as like i have said they can work wonders!
Jo x
Please visit my blog for info on how I got here and other information to guide you through from my experience called:
"Needafriends Links and added info on Bankruptcy!" available to view at:
http://debtfreejo.blogs.bankruptcyhelp.org.uk/ |
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Confused
Starting Member
44 Posts |
Posted - 15 October 2008 : 16:36:06
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Hi Jo
Can i ask what a NT code is please? I work for a University
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Skippy
forum expert
United Kingdom
3290 Posts |
Posted - 15 October 2008 : 16:38:46
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A NT code is a Nil Tax code. This means that once it's applied you won't pay any tax for the remainder of the tax year. Unfortunately you're not allowed to keep it as it has to be paid over to the OR.
Whether or not you get an NT code depends on whether HMRC have time to apply it, so the nearer you are to the end of the tax year the less chance there is of you getting one.
Sorry to jump in Jo!
Tomorrow is a mystery, yesterday is history, today is the present, a gift to make the most of.
View my blog at http://skippy13.blogs.bankruptcyhelp.org.uk/ |
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Confused
Starting Member
44 Posts |
Posted - 15 October 2008 : 16:47:42
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Thanks for the fast response.
Can anyone shed light on pensions and BR? Mine is a works pension which is taken directly from my salary
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Needafriend
Junior Member
United Kingdom
344 Posts |
Posted - 15 October 2008 : 16:51:57
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Hey No prob skippy
I have been doing other things.
Thank you for being there too. :-)
Jo x
Please visit my blog for info on how I got here and other information to guide you through from my experience called:
"Needafriends Links and added info on Bankruptcy!" available to view at:
http://debtfreejo.blogs.bankruptcyhelp.org.uk/ |
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Skippy
forum expert
United Kingdom
3290 Posts |
Posted - 15 October 2008 : 16:58:39
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I was allowed to keep my pension as it's a company pension deducted at source.
Tomorrow is a mystery, yesterday is history, today is the present, a gift to make the most of.
View my blog at http://skippy13.blogs.bankruptcyhelp.org.uk/ |
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Needafriend
Junior Member
United Kingdom
344 Posts |
Posted - 15 October 2008 : 17:02:03
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Hey Confused
On my blog there is some basic info on pensions have a look it may also help you out.
Jo x
Please visit my blog for info on how I got here and other information to guide you through from my experience called:
"Needafriends Links and added info on Bankruptcy!" available to view at:
http://debtfreejo.blogs.bankruptcyhelp.org.uk/ |
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Topic |
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BR or IVA?
