Bankruptcy leading to Separation

dottydora

skylight wrote: »

Do you think we could get away with a cleaner on a SOA????



I bet Ms Katonia did.

Most definately an essential expense.

DaisyDuke

Hypothetically speaking, if your contract said you had a lease car that was funded by yourself then surely that cannot be taken off you.

or

Can you sacrifice your gross salary for the amout required again if this forms part of your contract surely the OR cannot object.

Sorry if that isn't any help

debtinfo

to get this back on track, it would be better if it was a company car then the OP could quite rightly deduct the amount before declaring her net income rather than a loan which probably would not be allowed on the expenses

Cash_Waster

debtinfo wrote: »

to get this back on track, it would be better if it was a company car then the OP could quite rightly deduct the amount before declaring her net income rather than a loan which probably would not be allowed on the expenses

Thats basically what I was trying to say earlier, a new loan or lease, (potato/patato) is surely a no no. company cars and a nessesity for the job is another matter.

I wasn't trying to be judgemental, but I have read it back and it does come across that way so sorry OP.

I was just raising the point that if you can throw car leases in the hat then we would all be driving round in new cars and taking advantage of the scrapage scheme. If my boss wanted to buy me a car then I would pay him back as a unofficial loan but surely going BR and taking out a car lease would not be looked on favourably?

toto7895

I agree with you on both points - if it is part of my contract can the OR disagree? Whether it is deducted from my pay or it is a company car however it will be deducted from my net income so it becomes an expense.

shazbo

Cash_Waster wrote: »

But being BR you are not usually allowed to continue paying for a car, usually it gets sent back and the person usually has to buy a cheap car that will do a job for a year whilst BR. Somebody tell me if I'm wrong.

Sorry to disagree but we have been allowed (so far) to keep paying for our car on HP, we have not heard anything from the company saying they want it back and the OR did not argue with the £165 a month payment.

Mind you now we have just had to have the clutch replaced its bound to all go T***s up, things usually do!:rolleyes:

nervousmother

shazbo wrote: »

Sorry to disagree but we have been allowed (so far) to keep paying for our car on HP, we have not heard anything from the company saying they want it back and the OR did not argue with the £165 a month payment.

Mind you now we have just had to have the clutch replaced its bound to all go T***s up, things usually do!:rolleyes:

That is because it is secured on the car and you already had it when you went BR. If a IPA is in place they may not allow you to take on more credit thus reducing the IPA.
Would it not be possible to sell the MICRA worth 2.5k and purchase 2 x £1k cars.. that way no income is reduced.
If going for a company car the tax would be horrid