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How much and how long?
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cloud9bee
Posts: 22 Forumite
Thinking seriously about going bankrupt
If I do how much of my wages do I have to pay, and for how long?
I heard it was 50% of disposible income over 3 years.
Is this correct?
If I do how much of my wages do I have to pay, and for how long?
I heard it was 50% of disposible income over 3 years.
Is this correct?
0
Comments
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You only pay for 3yrs IF you have a surplus of at least £99 a month after all your household expenses are taken into account
this is called an ipa and can be increased/decreased or frozen depending on how your financial circumstances change
You need to talk things over with one of the many free debt helplines mentioned in a sticky at the top of this forum...bankruptcy is a last resort and can have many implicationsWe all die. The goal isn't to live forever, the goal is to create something that will0
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