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Dez
New Member
United Kingdom
87 Posts |
 Posted - 19 December 2009 : 23:50:06
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Hi
In October 2009 I was declared bankrupt it was sorted ny thr o/r that he would nil my tax code till april, and that I might get an early discharge, now the problem is for about 6-8 weeks there could be some overtime coming up at work
How will this effect me?
What happens to the overtime money i get?
Will I still be able get an early discharge?
I have just been asked to show my last 3 wage slips to moon beever and my nil tax code should start this week. Also this month wage our new pay deal at work has just been sorted out and backed dated to april 2009 and all my back money should come through this month, will the o/r take all of this?
Any help or advice from here will be greatly taken on board.
I hope someone will be able to help me out.
Thanks
Dez
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debtinfo
forum expert
2826 Posts |
Posted - 20 December 2009 : 00:05:17
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| it should not affect your discharge, you should tell the OR and they may take some, how much are we talking about |
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Dez
New Member
United Kingdom
87 Posts |
Posted - 20 December 2009 : 09:03:34
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Hi my back money from payrise will be about £250 before tax and my overtime could be about £500 before tax
Dez |
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Housing
Senior Member
United Kingdom
1399 Posts |
Posted - 20 December 2009 : 11:44:54
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Hi,
I agree you should inform the OR. As debtinfo has said the OR will, almost certainly take some - best to be honest - they have remarkable powers if you try to conceal anything.
It is worth remembering that discharge is not far away, so 2010 will be good... regards, Richard
"There are no problems - only solutions..." |
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Skippy
forum expert
United Kingdom
3290 Posts |
Posted - 20 December 2009 : 17:39:42
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As the others have said you do need to tell the OR. They may or may not take any of it, but you do need to let them know.
I don't see that getting overtime will stop you getting ED. Personally I would say expect to do the full 12 months, and if you get ED it's a bonus.
Tomorrow is a mystery, yesterday is history, today is the present, a gift to make the most of.
View my blog at http://skippy13.blogs.bankruptcyhelp.org.uk/
29 IPA payments made, 7 to go - in single figures! |
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Dez
New Member
United Kingdom
87 Posts |
Posted - 20 December 2009 : 20:25:08
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Thank you to everyone for your help on here
Dez |
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Topic |
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Just a little/advice needed
