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Monthly outgoings
Brainrugger
Posts: 14 Forumite
Hi everyone
Need some further advice now that I have declared bankruptcy and the order has been issued. I have completed and discussed my income and expenditure figures and have been left with a figure that I need to earn (I’m self employed by the way) to cover food,utilities and rent. What is the situation regarding additional outgoings such as family birthdays,Christmas and dare I say a short holiday in the UK? Are these not allowed until after being discharged in twelve months or is there some flexibility? My understanding was that any surplus income would be taken by the OR to share out to creditors.
Need some further advice now that I have declared bankruptcy and the order has been issued. I have completed and discussed my income and expenditure figures and have been left with a figure that I need to earn (I’m self employed by the way) to cover food,utilities and rent. What is the situation regarding additional outgoings such as family birthdays,Christmas and dare I say a short holiday in the UK? Are these not allowed until after being discharged in twelve months or is there some flexibility? My understanding was that any surplus income would be taken by the OR to share out to creditors.
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Comments
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Hi,
Pop up your SOA on here with your reasonable expenses - all sorts of things are allowed for and we will guide you.
Use this to set out your SOA http://www.stoozing.com/calculator/soa.php
DDDebt Doctor, Debt caseworker, Citizens' Advice Bureau .
Impartial debt advice services: Citizens Advice Bureau Find your local CAB *** National Debtline - Tel: 0808 808 4000*** BSC No. 100 ***0
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