HOME  FORUM  MEDIA  EVENTS  ARTICLES  TV  BLOGS
•Home
Bankruptcy:
•Bankruptcy Information Center
•What is Bankruptcy?
•Is Bankruptcy right for me?

•How to declare Bankruptcy?
•What happens to my assets?
•Bankruptcy and credit rating

Forum:
•forum
•register
•search
•faq
•experts

Blogs:
•Bankruptcy News
•More...

Media Room:
•Press releases
•Media Coverage

Other:
•About BankruptcyHelp
•Links
•Contact us
•Debt Glossary
•Insolvency jobs


FORUM
  > Browse and post on our forum
Home   |   Profile   |   Register   |   Active Topics   |   Members   |   Search   |   FAQ

Welcome to our Forum, please register if you want to post
Ask a debt question
See the last 250 posts
Watch video on how to use forum
Username:
Password:

Save Password
Forgot your Password?

 All Forums
 New Questions
 Forum Questions
 Holiday question...?
 New Topic  Reply to Topic
 Printer Friendly
Author Previous Topic Topic Next Topic  

emdaz
New Member



71 Posts

Posted - 26 May 2009 :  22:09:30  Show Profile  Reply with Quote
We are going BR in a couple of weeks, but before all this was planned, we booked and paid a deposit (£50) on a holiday, what are your opinions on this as the balance is £250 to go in september.

Thanks

trish37
Junior Member



170 Posts

Posted - 26 May 2009 :  22:19:26  Show Profile  Reply with Quote
If you feel you can pay the £250 out of any surplus you may have after BR I see no reason why you can't go on holiday:)

Trish
BR 30/03/2009
Go to Top of Page

gettingoutofdebt
forum expert



2418 Posts

Posted - 27 May 2009 :  07:48:37  Show Profile  Reply with Quote
You are entitled to a UK Holiday as part of your outgoings but there is nothing stopping you using this money, and any surplus, and going abroad.
Go to Top of Page

emdaz
New Member



71 Posts

Posted - 27 May 2009 :  07:52:35  Show Profile  Reply with Quote
Well its in europe, but not the uk. Do we have to tell the OR about it and does it have to go anywhere on the SOA form at all?

We feel after BR we will be able to pay the balance from our DI, but did not want this to reflect badly on BR..??


Go to Top of Page

ripski
New Member

United Kingdom
90 Posts

Posted - 27 May 2009 :  07:53:06  Show Profile  Reply with Quote
It is a question of you having enough to pay the money in September as the OR do allow you a holiday amount.
Mine was small at only £20 per month for a single person but I have heard of other higher allowances than this and depends on individual OR office guidleines.
Only a novice myself, but I think that the way it seems to work is -not that the OR can stop you going but they just won't allow you the amount on the I & E. So for instance when working out your I & E at the interview stage they might say you cannot have a holiday monthly allowance and 'do not think you should be spending money on a holiday' ( do not think that they would say this though) Then you just have to scrimp more in September to pay for the holiday. I shall be moving in to rented soon and was worried that they would think my rent allowance was too high as I want to get somewhere decent.It appears that they cannot tell you where or where not to live but it just affects your I & E. I suppose they will give advice as they want to know that you can afford it and not going to get in a mess again ie credit or arrears but they are not as intrusive as you expect.

ripski1
Go to Top of Page

gettingoutofdebt
forum expert



2418 Posts

Posted - 27 May 2009 :  09:03:25  Show Profile  Reply with Quote
You don't have to tell the OR about the holiday or put it on the SOA form. What you do with your surplus after paying an IPA is up to you so it won't be a problem.
Go to Top of Page
  Previous Topic Topic Next Topic  

 New Topic  Reply to Topic
 Printer Friendly
Jump To:
bankruptcyhelp.org.uk Forum © bankruptcyhelp Go To Top Of Page
Powered By: Snitz Forums 2000 Version 3.4.06