I made myself bankrupt on the 18th July 2008, shortly before hand I lost my job and I have not been in work since. I was discharged on the 18th July 2009 and I have been informed that as soon as I start working the OR will not take any money from me is this correct?
When you go bankrupt the OR would of had a look at your incoming money and your out goings.
If you had over £99 available after all of your essential living costs were payed then they would of taken a percentage of that to pay to your creditors for 3 year.
As you were not working and presumibly on benefits then you would of not had an IPA and so would not have to pay anything.
Once you are discharged you can not then get an IPA.
Lol im sure some people do Mike. They dont take all of your money just a percent of any excess you may have so in some cases depnding on how much you get paid and your out goings and such then your still prob better off working.
Congratulations on your discharge and good luck with the job hunting.
I don't doubt there's a lot of people who would avoid looking for work so they didn't have to pay an IPA, but personally I wouldn't want to struggle on benefits for a year!
Tomorrow is a mystery, yesterday is history, today is the present, a gift to make the most of.
I made myself bankrupt on the 18th July 2008
Posted - 28 July 2009 : 19:26:07
