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tim73
New Member
57 Posts |
 Posted - 23 January 2009 : 11:31:41
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| i usually earn around £260 per week, after rent etc im normally left with around £50-60, out of that how much am i allowed to keep following bankruptcy? thanks tim. |
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Needafriend
Junior Member
United Kingdom
344 Posts |
Posted - 23 January 2009 : 11:34:59
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Tim
The OR will look to take between 50 & 70% of any available income for the benefit of your creditors.
So if you have £50 left thats say £200 per month they would take maybe £100 leaving you £100.
Jo
x
25 Weeks down
 Yippeee!
27 to go
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I am always here for you, via posting, email or if you want a one to one chat that can be arranged. I cant give legal advice as i am not trained but i can give you general info and also the personal touch from my experience only.
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John
New Member
United Kingdom
73 Posts |
Posted - 23 January 2009 : 11:36:49
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Hi tim
it's not that simple I'm afraid.
There is a good chance that you may not have included all allowable expenditures in bankruptcy when you listed everything.
Also some things you have listed may not be claimable. However as a guide, £55 per week equates to £238 disposable income per calendar month of which 50% would be claimed by the official receiver and you would retain the balance 50% for your own use. This arrangement would last for a maximum 36 months.
www.Bankruptcyhelp.org.uk
0800 078 9367 |
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Needafriend
Junior Member
United Kingdom
344 Posts |
Posted - 23 January 2009 : 11:38:21
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Ooops sorry just trying to put it a little easier. Sorry if i gave misleading info just thought it helped. Soz
Sorry John and Tim, slapped wrist for me
Jo
x
25 Weeks down
Yippeee!
27 to go
Im getting there!
I am always here for you, via posting, email or if you want a one to one chat that can be arranged. I cant give legal advice as i am not trained but i can give you general info and also the personal touch from my experience only.
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Edited by - Needafriend on 23 January 2009 11:39:02 |
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tim73
New Member
57 Posts |
Posted - 23 January 2009 : 11:46:15
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quote:
Originally posted by Needafriend
Ooops sorry just trying to put it a little easier. Sorry if i gave misleading info just thought it helped. Soz
Sorry John and Tim, slapped wrist for me
Jo
x
what things are deemed acceptable when you list your outgoings? thanks tim
25 Weeks down
Yippeee!
27 to go
Im getting there!
I am always here for you, via posting, email or if you want a one to one chat that can be arranged. I cant give legal advice as i am not trained but i can give you general info and also the personal touch from my experience only.
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John
New Member
United Kingdom
73 Posts |
Posted - 23 January 2009 : 11:53:57
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Hi Jo
your info was correct, no need for an apology.
My opening "it's not that simple" was in response to tim's post not yours. Mine landed one and a half minutes after yours so obviously I had not read yours at that time.
www.Bankruptcyhelp.org.uk
0800 078 9367 |
Edited by - John on 23 January 2009 11:54:46 |
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Needafriend
Junior Member
United Kingdom
344 Posts |
Posted - 23 January 2009 : 11:56:09
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Thanks John
Jo
x
25 Weeks down
Yippeee!
27 to go
Im getting there!
I am always here for you, via posting, email or if you want a one to one chat that can be arranged. I cant give legal advice as i am not trained but i can give you general info and also the personal touch from my experience only.
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JulianDonnelly
Junior Member
United Kingdom
325 Posts |
Posted - 23 January 2009 : 12:26:56
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Great advice as usual John!
Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk
Don't forget the helpline on 0800 078 9367 |
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Topic |
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i usually earn around £260 per week
