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T O P I C R E V I E W
suzannebellingham
Posted - 19 January 2009 : 22:39:32 Hi! Please could anyone clarify, 1.)WHEN are you actually bankrupt? We've been told by a specialist (solicitor) it will be officially done on the same day, so one to two days max(if we went early am to the court). Yet our local court have told us yes, we could book in and turn up on the day, but it'll actually take upto TWO WEEKS for the administrators to PROCESS?! - so is this paperwork part SEPARATE, to the actual 'bankruptcy' part?? ..and 2.) We were also advised (by the same specialist)that the O.R. WONT, MAKE AN IPA or IPO!? Even tho while adding the debt of a mortgage (& loan)to my partners existing debt (the property will be repossessed with a huge shortfall - neg.equity.),surprisingly he still has around 186 pounds disposable income (after all of his outgoings/expenses)a month. Wont the OR take most of that?? THANKS soo much!
1 L A T E S T R E P L I E S (Newest First)
got there
Posted - 19 January 2009 : 22:44:16 If you have disposable income over £99 then the OR will look at taking 50% of that. If you look at Skippys blog there is a table on there detailing the percentages.
Sorry the other questions are a bit too technical.
