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Posted: Sat Jan 19, 2008 7:39 pm
by susanna
Please can you go into more detail regarding 'You will be required to pay any extra money that you have to the court, usually for three years' - what exactly does 'extra' mean? Thanks. Susanna
Posted: Sat Jan 19, 2008 7:56 pm
by Lisa2009
Hi, i assume that would mean declaring any overtime, bonuses and windfalls but im sure someone else can go into more detail for you.
mrs skint
Posted: Sat Jan 19, 2008 10:34 pm
by Adam Davies
Hi
In bankruptcy your income and expenditure will be assessed by the official receiver.If they feel that you have a surplus then a percentage of this has to be paid each month for three years.This is called an income payment order
Regards
Andy Davie
IVA.co.uk Spokesperson and Website Manager
About me:
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