Advice on BR please

rivers09

hello all thanks for advice and info already received. Can i include my over payment of tax credits in my BR? . Also i have a watch a tag which when new cost £975 8 years ago on second hand sites they are fetching around £200 should i declare this in my assets or not? thanks in advance

Rivers09

philnicandamy

rivers09 wrote: »

hello all thanks for advice and info already received. Can i include my over payment of tax credits in my BR? Not 100% certain but Yes I think you can . Also i have a watch a tag which when new cost £975 8 years ago on second hand sites they are fetching around £200 should i declare this in my assets or not? the receiver is only interested in assetts which in auction would fetch at least £1000...so i'd leave it thanks in advance

Rivers09

Hope that helps

rivers09

cheers.. i have so many questions i dont know where to begin.. i lease a car through my work on a private lease and average 350 miles a month in business miles is it possible that they can ask me to give it back? the money is taken at source by my employer?? all help gratefully received.

mazzatee

Hi rivers

Have you taken debt advice before considering bankruptcy? If not contact one of the organisations in philnicandamy's post.

You can declare your tax credits in your bankruptcy and as OP says it is unlikely will look at watch.

Re car it depends firstly on whether you have spare income for an IPA (income payment arrangement) and how much the lease payments are.

rivers09

thanks i have taken advice and from cccs and ukinsolvency, the forms can be i little confusing at times. its a new lease car 58 reg £250 a month but that includes everything tax insurance servicing etc and is taken from my monthly salary.