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 if i declare my self bankrupt
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ml878
Starting Member



1 Posts

Posted - 30 April 2009 :  13:13:08  Show Profile  Visit ml878's Homepage  Reply with Quote
if i declare my self bankrupt will all my money be quashed

Melanie.n
forum expert



United Kingdom
1282 Posts

Posted - 30 April 2009 :  13:22:24  Show Profile  Reply with Quote
Sorry ml878 i do not understand your question?
When an individual is made bankrupt their income and allowable expenditure is calculated to see whether or not an Income Payment Order is required, and if it is deemed you have disposible income in excess of £100 you would be required to pay an IPO for a period of 36 months.

Not too sure though if this is anything to do with your term 'quashed'? you will have to post your question a bit clearer

Melanie Nicholas
28 years insolvency experience - 23 of which in the Insolvency Service
- Insolvency Manager
Jones Giles
email me at melanienicholas@jonesgiles.co.uk
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