Query re: average wage question on forms

startagain_2

AAW wrote: »

If you don't mind me asking : who told you this?

Course not.... the wise owls on here, I also read the Insolvency booklet - What happens in an OR interview, and common sense as well...

An IPA is set up for the next 36 months, if income was continuing at the same level, all well and good. But this is not the case and my basic salary doesn't even cover my outgoings to be honest. My overtime was never guaranteed but was always available and became relied upon (big mistake).

So, I intend not having an IPA and just earning enough to cover my agreed SOA outgoings and a small surplus. It is just too confusing to mess around from month to month for both me and the OR office.

SA

AAW_2

Actually when I think about it, if I'm showing the OR my wage slips it will be plain to see that my bigger wages were paid due to overtime as it states the extra hours worked on it. Then Feb and March pay will show none. Apart from my big fat bonus. Which I will need to use to set up the rented accomodation

startagain_2

AAW wrote: »

Actually when I think about it, if I'm showing the OR my wage slips it will be plain to see that my bigger wages were paid due to overtime as it states the extra hours worked on it. Then Feb and March pay will show none. Apart from my big fat bonus. Which I will need to use to set up the rented accomodation

Mine are exactly the same .... listed as basic and then underneath overtime. Don't forget your money before BR is yours to use as you want and need. I didn't pay any of my creditors so that I could afford my BR fees in Jan. It all happened so fast. I was BR within a month of first finding this site.
I just felt that the rug had been pulled from under my feet in December, people being laid off and cutbacks so I realised I had to do something. Never would have guessed it would be BR. I was still using plastic up until Dec as well. You can't turn back the clock!

SA

AAW_2

I too am hoping to not get an IPA. I went through a brief SOA with National Debtline and it meant I was paying out just about everything I earn to get by. They suggested that I get a lodger in where I am at the minute but can't as my 2 kids stay twice a week and need separate bedrooms. 1 boy and 1 girl. Thats why I'm swaying more towards renting a 4 bedroom house and getting a lodger. I have been told i would have to put their payments to me on my SOA as 'OTHER INCOME' How can I do this if they move out 6 months down the line.

The thing is that prices vary to rent in my area. You can get a 3 beedroom absolute S**thole for just under £500 but a brand new 4 bedroom house with a garage for around £600. I know i don't my kids in the s**thole. They stay twice a week.

I keep questioning whether the OR is going to think I'm trying to live the high life (partly what got me in this mess.....only joking) or if I'm just trying to make the most of my fresh start.

startagain_2

AAW wrote: »

I too am hoping to not get an IPA. I went through a brief SOA with National Debtline and it meant I was paying out just about everything I earn to get by. They suggested that I get a lodger in where I am at the minute but can't as my 2 kids stay twice a week and need separate bedrooms. 1 boy and 1 girl. Thats why I'm swaying more towards renting a 4 bedroom house and getting a lodger. I have been told i would have to put their payments to me on my SOA as 'OTHER INCOME' How can I do this if they move out 6 months down the line.

The thing is that prices vary to rent in my area. You can get a 3 beedroom absolute S**thole for just under £500 but a brand new 4 bedroom house with a garage for around £600. I know i don't my kids in the s**thole. They stay twice a week.

I keep questioning whether the OR is going to think I'm trying to live the high life (partly what got me in this mess.....only joking) or if I'm just trying to make the most of my fresh start.

Not at all, Sorry, I had to quickly read your post because I am supposed to be working

I remember your first posts and how you were saying that the kids came to stay and I thought then that it is important that you keep up your standard and style of living for their sakes.
A BR SOA is very different to a DFW one and should not be penny pinching and corner cutting to the nth degree!
That rent seems very reasonable - don't worry, if it is an average for the area that you live in it will be OK.
If you do get an IPA they can be varied up and down and even suspended if your income changes. I don't want to appear that I am ducking an IPA it is just that working 70 - 80 hour weeks for the last 18 months has nearly destroyed me and all of it has gone to paying creditors. The SOA outgoings
for BR are the most I have had to live on in years.
Brave new debt free world, here I come! :T

fiveyearplan

Good for you startagain. No point working all those hours if it doesn't give you enough time for enjoying yourself (or real living!).

startagain_2

fiveyearplan wrote: »

Good for you startagain. No point working all those hours if it doesn't give you enough time for enjoying yourself (or real living!).

Thanks fyp, I took a lot of convincing both from other people and from the little voice in my head that it would be OK to just call it a day as far as working myself into the ground went. I am so glad I did it - I just wish I had never let the debts spiral as much, oh for the benefit of hindsight!

SA