bankruptcy

JIMMY

Hi can anyone help me. I got an email today from the Accountant in Bankruptcy telling me that my application for bankruptcy was accepted. I am on Job seekers allowance at the moment and wondering that when i return to work how much will i have to contribute towards my bankruptcy? Also is their a restriction on when i can return to work?

Im totally new to bankruptcy and would appreciate as much info as possible with regards to this.

many thanks
JIMMY

Merry_Gentry

Hi Jimmy, are you based in Scotland? I only ask as the rules are different in England and Scotland.

JIMMY

Hi Merry_Gentry yeah im from scotland

JIMMY

Merry_Gentry wrote: »

Hi Jimmy, are you based in Scotland? I only ask as the rules are different in England and Scotland.

Hi Merry_Gentry do you have any advice or information that would help me??


Thanks
JIMMY

Merry_Gentry

Sorry, had popped off. Unfortunately I'm not sure about the Scottish system - this will bump up your post so hopefully someone who knows the Scottish system will see it and help.

tigerfeet2006

No there is no restrictions when you can return to work, as soon as you secure a job then you can start.

When you do get a job ask your trustee for a new SoA and fill it in in with new details. Don't forget you will need to up things like travel. If you want someone to check it over then put it up before you send it back.

JIMMY

tigerfeet2006 wrote: »

No there is no restrictions when you can return to work, as soon as you secure a job then you can start.

When you do get a job ask your trustee for a new SoA and fill it in in with new details. Don't forget you will need to up things like travel. If you want someone to check it over then put it up before you send it back.

Once I get a job do i start contributing to my bankruptcy monthly/weekly. My bankruptcy was awarded on the LILA Scheme. (low income low assets) as I am on Jobseekers allowance so at the minute i dont pay any contribution

Sorry to appear stupid. what is a SoA? what also do you mean when you say about up things like travel??

.

Thanks
JIMMY

Merry_Gentry

Statement of affairs:

http://www.makesenseofcards.com/soacalc.html

tigerfeet2006

JIMMY wrote: »

Once I get a job do i start contributing to my bankruptcy monthly/weekly. My bankruptcy was awarded on the LILA Scheme. (low income low assets) as I am on Jobseekers allowance so at the minute i dont pay any contribution

Sorry to appear stupid. what is a SoA? what also do you mean when you say about up things like travel??

.

Thanks
JIMMY

A SoA means Statement of Affairs. Merry has posted the link to one that we use on here.

If you are working then you will be incurring extra costs to get to your job so you would need to include those in the new SoA. You could possibly also need to buy extra clothes for work as well.

HTH