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how much do we pay for BR
pammie39
Posts: 291 Forumite
sorry just another quicky
still deceiding about OH
what is the pence to the pound you have to pay each month (both iva's come to about £400) (est 32p to the £)
also -- how does going BR affect his or our future?????
everyone who has done it, seems very happy now, (i still have 3 years with iva).
dont know what to do
still deceiding about OH
what is the pence to the pound you have to pay each month (both iva's come to about £400) (est 32p to the £)
also -- how does going BR affect his or our future?????
everyone who has done it, seems very happy now, (i still have 3 years with iva).
dont know what to do
I SPOKE TO A WISE OLD MAN THE OTHER DAY.
HE TOLD ME 3 WAYS TO HAVE GOOD LUCK!!!!!!:j
FORGOTTEN IT ALREADY!!!!:rotfl::rotfl:
HE TOLD ME 3 WAYS TO HAVE GOOD LUCK!!!!!!:j
FORGOTTEN IT ALREADY!!!!:rotfl::rotfl:
0
Comments
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you may be paying into a ipa for 3 years, however the allowances during br are more generous so you have a better standard of living..
no set rule for how much you pay back, it depends on your surplus income. post your SOA and we may be able to give a idea.0 -
An IVA has to satisfy creditors and so the p in £ is important. In bankruptsy after the initial fee of £510 (sometines reduced to £380) the OR will expect you to pay only what he/she decides you can afford. If you cannot afford anything then nothing is taken. Another differnce is that in an IVA you pay 100% of your surplus in Br you pay 50 to 70% if your surplus is more tha £99Hi, im Debtinfo, i am an ex insolvency examiner and over the years have personally dealt with thousands of bankruptcy cases.
Please note that any views i put forth are not those of my former employer The Insolvency Service and do not constitute professional advice, you should always seek professional advice before entering insolvency proceedings.0 -
hi nervousmother
sorry what is a soa (new to alot of this)I SPOKE TO A WISE OLD MAN THE OTHER DAY.
HE TOLD ME 3 WAYS TO HAVE GOOD LUCK!!!!!!:j
FORGOTTEN IT ALREADY!!!!:rotfl::rotfl:0 -
It is a list of all your household incomes and expenditures and a list of your assets(the big ones) and debtsHi, im Debtinfo, i am an ex insolvency examiner and over the years have personally dealt with thousands of bankruptcy cases.
Please note that any views i put forth are not those of my former employer The Insolvency Service and do not constitute professional advice, you should always seek professional advice before entering insolvency proceedings.0 -
thank you
ok---- with OH now redundant, only my wages and benifits coming in (est £1200 per month) outgoings==est £1800.
assetts== house no equity, 2xcars est £1400 for both.
sorry, debts= £80000 (both myself and oh)I SPOKE TO A WISE OLD MAN THE OTHER DAY.
HE TOLD ME 3 WAYS TO HAVE GOOD LUCK!!!!!!:j
FORGOTTEN IT ALREADY!!!!:rotfl::rotfl:0
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