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 I&E question: E exceeding I?
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Sparkle83
Junior Member

258 Posts

Posted - 18 February 2009 :  16:49:17  Show Profile  Reply with Quote
If the expenditure exceeds the income, what happens?

got there
Junior Member



United Kingdom
461 Posts

Posted - 18 February 2009 :  17:30:25  Show Profile  Reply with Quote
It isnt a problem, mine far exceeded as put down what the mortgage payment was (which is what you should do) even though i wasnt paying any mortgage as giving the house back next week. The OR didnt even question it, obviously didnt get a IPA.

HTH
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coxy
New Member

United Kingdom
63 Posts

Posted - 18 February 2009 :  18:14:30  Show Profile  Reply with Quote
We have this problem due to me being out of work,OR Went through income but never mentioned expenditure just said he would review it in 3 months.

one thing, i suppose he took 1 glance at income/expenditure and could see we are insolvent.
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Sparkle83
Junior Member

258 Posts

Posted - 18 February 2009 :  19:32:48  Show Profile  Reply with Quote
ok, if your expenditures are higher than income, and then you do overtime that still doesn't cover the E with any DI, would they take any of the overtime payment?
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jwmc77
Junior Member



United Kingdom
195 Posts

Posted - 19 February 2009 :  16:28:18  Show Profile  Reply with Quote
my morgage is 630 but im no longrt paying it and living in a rentd house which i pay 550 which do i put on my exp form ?

MAC
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Melanie.n
forum expert



United Kingdom
1282 Posts

Posted - 19 February 2009 :  16:50:51  Show Profile  Reply with Quote
far better than the income exceeding the expenditure then you'd have an IPO!!!

Melanie Nicholas
28 years insolvency experience - 23 of which in the Insolvency Service
- Insolvency Manager
Jones Giles
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