Advice re bankruptcy (Scotland)

Steve_Threlfall

Hi all

I have just been made bankrupt in the past couple of weeks.

At the moment i am currently on Job Seekers Allowance and understand that if i do manage to find a job within my 1 year bankruptcy period then i will need to make contributions from my earnings for 3 years.

The dilemma i have is if i do manage to get a decent salary then virtually all of it will have to go to the OR and i am not going to get the benefit of my wages

Or even if i do go for a miminum wage job then it it unlikely that the OR will ask for me to make a contribution as i would have only roughly £30-£40 disposable income after i have paid all my expenses. (I would actually be better off staying on JSA)

Has anyone else been in this sort of situation?

Part of me says that the best thing would be to try and remain on JSA until i have been discharged from bankruptcy and then start afresh without the worry of having to make 3 years worth of contributions from my earnings.

Just to let you know i have worked for 11 years and this is the 1st time i have ever had to claim benefits.

If anyone has any advice that would be appreciated

Thanks

Anondebtadvisor

It really is upto you, but i dont think i would be putting my life on hold for the sake of a IPA.

After Rent, Council tax, bills, food, and every other items of living expenditure i doubt there would be much left for an IPA? guess it depends how much you will be earning

Steve_Threlfall

I have compiled a SOA and my monthly expenditure would work out at roughly £1050 (whilst in employment). If i do get a job with a net monthly pay of say £1100 then i would need to pay the £50 surplus for 3 years.

I just feel it would be best to tryand survive on JSA for the year then can start afresh after being discharged.

Just wanted to get other peoples views on this and if they have been in a similar position

sort_me_own_yard_out

Would it be surplus though or would you need that £50 a month to travel to work or towards childcare etc?

Steve_Threlfall

This would be my SOA if i was in employment

Obviously cant specify an income at the moment


Rent - 233

ctax - 85

Food/Toilt/Clean - 160

Cloth/Foot - 30

Sports/Hob 15

Sund/Emerg - 10

Dental/Opticians - 10

Med/Prescriptions - 10

Tel/Mob - £40

Hair - 10

work meals- 40

bus - 45

child maint - 165

Sky - 40

Gas/Lec - 60

TV Lic - 12


Expend - 1045



Would this seem reasonable and is there anything that i have missed out that the OR would accept?

Thanks

Steve_Threlfall

sort_me_own_yard_out wrote: »

Would it be surplus though or would you need that £50 a month to travel to work or towards childcare etc?

have included on SOA above

IF

Hi Steve, SOA's for Scotland are slightly different. Click on blue link below:-

hattybee wrote: »

For anyone based in Scotland, the Accountant in Bankruptcy has recently published a paper entitled “Surplus Income Calculation for Income Payment Agreements (IPA)”
It gives CCCS budget guidelines and CFS trigger figures and may be helpful for anyone filling in their income and expenditure forms
It’s available on the AiB website at http://www.aib.gov.uk/publications/surplus-income-calculation-income-payment-agreements-ipa

This will help a post by hattybee, however these are guidelines for the OR of what is acceptable on our SOA's and not really for us. Please don’t put exactly the same figures as the OR will smell and rat and go through your SOA, with a fine tooth comb. If your expenses are higher than the figures below and as long as you have all receipts these may then be accepted.

Best wishes
IF...x

skintandfat

I think this may be a bit out....
Rent - 233
ctax - 85
Food/Toilt/Clean - 160 - a bit low £40 a week to eat clean shave etd
Cloth/Foot - 30
Sports/Hob 15
Sund/Emerg - 10
Dental/Opticians - 10
Med/Prescriptions - 10 - free prescriptions in Scotland
Tel/Mob - £40
Hair - 10
work meals- 40
bus - 45
child maint - 165
Sky - 40
Gas/Lec - 60 - a bit low- check if you have been undercharged
TV Lic - 12

Don't conceal things- be open and honest.
If you can't find a job then so be it- but don't cut your nose off to spite things

Steve_Threlfall

ifwisheswerehorses... wrote: »

Hi Steve, SOA's for Scotland are slightly different. Click on blue link below:-




This will help a post by hattybee, however these are guidelines for the OR of what is acceptable on our SOA's and not really for us. Please don’t put exactly the same figures as the OR will smell and rat and go through your SOA, with a fine tooth comb. If your expenses are higher than the figures below and as long as you have all receipts these may then be accepted.

Best wishes
IF...x

Thank you very much for this. i will adjust my SOA but wont be copying the exact figures quoted on those guidelines as yes it would look very suspect lol

Steve_Threlfall

skintandfat wrote: »

I think this may be a bit out....
Rent - 233
ctax - 85
Food/Toilt/Clean - 160 - a bit low £40 a week to eat clean shave etd
Cloth/Foot - 30
Sports/Hob 15
Sund/Emerg - 10
Dental/Opticians - 10
Med/Prescriptions - 10 - free prescriptions in Scotland
Tel/Mob - £40
Hair - 10
work meals- 40
bus - 45
child maint - 165
Sky - 40
Gas/Lec - 60 - a bit low- check if you have been undercharged
TV Lic - 12

Don't conceal things- be open and honest.
If you can't find a job then so be it- but don't cut your nose off to spite things

Hi

I have checked the CCCS guidelines as per above and they say th max figure for food/toilt/clean is £202. I can maybe adjust my figure to £175.

With re to gas/lec i currently use pre pay meters for these. I can maybe adjust to £70.

One thing i was wondering is would the OR expect me to cancel my Sky Subscription or would this be acceptable?



Rent - 233

ctax - 85

Food/Toilt/Clean - 175

Cloth/Foot - 30

Sports/Hob 15

Sund/Emerg - 10

Dental/Opticians - 10

Med/Prescriptions - 10

Tel/Mob - £40

Hair - 10

work meals- 40

bus - 45

child maint - 165

Sky - 40

Gas/Lec - 70

TV Lic - 12

Steve_Threlfall

Forgot to remove the med prescrptions as this is free in Scotland at the moment

Rent - 233

ctax - 85

Food/Toilt/Clean - 175

Cloth/Foot - 30

Sports/Hob 15

Sund/Emerg - 10

Dental/Opticians - 10


Tel/Mob - £40

Hair - 10

work meals- 40

bus - 45

child maint - 165

Sky - 40

Gas/Lec - 70

TV Lic - 12

Expenditure - £950