The Bankruptcy Club & Supporters Club

sandralovescats

monkeyy wrote:

How to start the ball rolling,I am off to the citizens advice bearux today to have a chat and see what they say. so I guess thats a start in the right direction

Just bear in mind that the CAB will not suggest bankruptcy, they seem to have a policy against it!

Richard_S

sarah_skint wrote:

:rotfl: :rotfl:

i would rather have my name in paper for and sundrie to see rather than eat those maggots lol

Hi Sarah,

I never watch the programmes but I'm the only guy in an organisation of approx 25 gals, so I get a very accurate daily update of reality TV and of course all the soaps.

I would put a smiley face on the bottom here but can't seem to get them to work :-)

Rich

Mike_St_Helens

sandralovescats wrote:

Just bear in mind that the CAB will not suggest bankruptcy, they seem to have a policy against it!

Following on from that. Beware on what they do say. They are very good when they want to be. But they can give increadibly bad advice, incorrect and can be somewhat judgemental when they want to be. They are bvolunteers, not experts remember.

sandralovescats

scootw1 wrote:

New SOA:

255 Rent (anticipated in April)
60 Council tax (anticipated in April)
50 Clothing

35 Gas (dont know about this. Only paying £15 DD at the moment but bound to increase over winter)
40 Electric
30 Phone
30 Medical/Dental
20 Optical
60 Travel
20 Water
200 Shopping/toiletries/food
10 Haircuts
20 Incidentals (what does this include?)
60 Birthdays/Christmas/holdiays?
11 TV licence (and this one)
20 Dry cleaning/laundry

That brings it down to 440 surplus. This about right then? What does that make my IPA?

About £290 per month, the chart is message #135

What were you paying on an IVA?

Mike_St_Helens

scootw1 wrote:

New SOA:

255 Rent (anticipated in April)
60 Council tax (anticipated in April)
50 Clothing

35 Gas (dont know about this. Only paying £15 DD at the moment but bound to increase over winter)
40 Electric
30 Phone
30 Medical/Dental
20 Optical
60 Travel
20 Water
200 Shopping/toiletries/food
10 Haircuts
20 Incidentals (what does this include?)
60 Birthdays/Christmas/holdiays?
11 TV licence (and this one)
20 Dry cleaning/laundry

That brings it down to 440 surplus. This about right then? What does that make my IPA?

Thats better... here is the IPA Calculator...

1st Column=SURPLUS INCOME
2nd Column=AMOUNT TO BE PAID
3rd Column=% OF DISPOSABLE INCOME


50 Nil
60 Nil
70 Nil
80 Nil
90 Nil
100 50 50
110 55 50
120 60 50
130 65 50
140 70 50
150 75 50
160 80 50
170 85 50
180 90 50
190 95 50
200 100 50
210 105 50
220 110 50
230 115 50
240 120 50
250 150 60
260 156 60
270 162 60
280 168 60
290 174 60
300 180 60
310 186 60
320 192 60
330 198 60
340 204 60
350 231 66
360 238 66
370 244 66
380 251 66
390 257 66
400 264 66
410 271 66
420 277 66
430 284 66
440 290 66
450 297 66
460 304 66
470 310 66
480 317 66
490 323 66
500 350 70
510 357 70
520 364 70
530 371 70
540 378 70
550 385 70
560 392 70
570 399 70
580 406 70
590 413 70
600 420 70

sandralovescats

Mike_St_Helens wrote:

Following on from that. Beware on what they do say. They are very good when they want to be. But they can give increadibly bad advice, incorrect and can be somewhat judgemental when they want to be. They are bvolunteers, not experts remember.

They are volunteers but they are supposed to be trained and are supposed to know what they are talking about.

They don't give unbiased advice, that is for sure.

Mike_St_Helens

Richard_S wrote:

Hi Mike,

You were spot on starting this thread, it gets lots of looks and I'm sure people looking for advice and reassurance have been well catered for.

Perhaps you should contact one of the TV Channels with a view to producing "I'm a bankrupt, get me out of here" Lol.

Errr, maybe not, your trustee would get all the proceeds.

Rich

I could do it for charity... Mikes pets charity... Whos to say my dog cant have the proceeds...

Mike_St_Helens

sandralovescats wrote:

They are volunteers but they are supposed to be trained and are supposed to know what they are talking about.

They don't give unbiased advice, that is for sure.

Very true. But they are not experts... I can be trained to suck eggs... Doesnt make me an expert !

scootw1

sandralovescats wrote:

About £290 per month, the chart is message #135

What were you paying on an IVA?

£507 (but it is £535 at the moment due to pay increase)

sarah_skint

omg its only 17 days til br day - omg again its less than a week until yours sandra (if you go ahead with it). It sure seems to be coming round quick - just wish I could plough through these forms, I start and then I stop whn I don't know what to put, then I start again..............

If only I could sell on ebay.............