Been to Court Today

relaxsoon

ok what do you have to pay back then ???

the vat or interest ??

or nothing ??

thoughtitwassorted

i didn't have to pay anything. they (insolvency practitioners) took my tax from my salary (to cover their costs they said) and that's it. they did that to the end of the tax year which therefore finished this april. i was BK june to dec last year.
hhhhhmmmm ---- being quite sceptical with everything at the moment --- one thing came to my mind! i wonder if inland revenue will come to me one day nagging that i haven't paid my taxes.....bring it all on!

relaxsoon

so you got away with paying them back nothings

Well i hope the same will happen to me

thoughtitwassorted

well i think it all depends how much money you got left monthly after the necessary costs been taken away. in my case it was +-0 and therefore they just didn't have anything to take. you know when that official receiver makes the telephone interview -- he goes through the list of your "comings & goings", the page you had to fill when you filled all the forms to leave to court when you applied? if that shows that you simply do not have any money, that must be it. i filled that with the people from citizen advice bureau who know excatly how much people generally spend on gas and food and all sorts of stuff like that. they are very good there. just a tricky place to get an appointment to though...

relaxsoon

i see well i had no money coming in im in the middle of looking for a job .
have no income what so ever

rog2

relaxsoon wrote: »

i see well i had no money coming in im in the middle of looking for a job .
have no income what so ever

Then you are most unlikely to be given an IPO/IPA. If you have no siezable assetts, then your 'debts' will have been, effectively, written off, and you will have been given a fresh start.
If, during your bankruptcy period, you find a job, you MUST inform the OR, and dependent upon the amount of disposable income, after normal living expenses, the OR may impose an IPO/IPA which you would pay for three years.
If your circumstances do not change, during your br period, then you are unlikely to receive an IPO.

relaxsoon

Just had a phone call from OR asking me a few questions and said will send a letter when we will have telephone interview what happens from here people ????