HOME  FORUM  MEDIA  EVENTS  ARTICLES  TV  BLOGS
•Home
Bankruptcy:
•Bankruptcy Information Center
•What is Bankruptcy?
•Is Bankruptcy right for me?

•How to declare Bankruptcy?
•What happens to my assets?
•Bankruptcy and credit rating

Forum:
•forum
•register
•search
•faq
•experts

Blogs:
•Bankruptcy News
•More...

Media Room:
•Press releases
•Media Coverage

Other:
•About BankruptcyHelp
•Links
•Contact us
•Debt Glossary
•Insolvency jobs


FORUM
  > Browse and post on our forum
Home   |   Profile   |   Register   |   Active Topics   |   Members   |   Search   |   FAQ

Welcome to our Forum, please register if you want to post
Ask a debt question
See the last 250 posts
Watch video on how to use forum
Username:
Password:

Save Password
Forgot your Password?

 All Forums
 archive
 Forum Questions
 benefits are not used to pay into a bankruptcy?
 New Topic  Reply to Topic
 Printer Friendly
Author Previous Topic Topic Next Topic  

chi
Starting Member

9 Posts

Posted - 21 July 2010 :  22:05:37  Show Profile  Reply with Quote
I have been looking at various websites and they all agree that benefits are not used to pay into a bankruptcy.
While the child maintenance would be looked at as a part of the household income, it would not be used to pay into a bankruptcy.

Is this correct?

Thanks

debtinfo
forum expert



2826 Posts

Posted - 22 July 2010 :  06:58:36  Show Profile  Reply with Quote
Hi Chi,

All income including all benefits are used to work out how much your surplus is. But the payment is only taken from the earned part. This changed about 18 months ago befre which child benefit was totally excluded.

The Insolvency service has provided this explanation of how things are worked out

http://www.insolvency.gov.uk/freedomofinformation/technical/TechnicalManual/Ch25-36/Chapter31/part7/Annex%20A.htm
Go to Top of Page
  Previous Topic Topic Next Topic  

 New Topic  Reply to Topic
 Printer Friendly
Jump To:
bankruptcyhelp.org.uk Forum © bankruptcyhelp Go To Top Of Page
Powered By: Snitz Forums 2000 Version 3.4.06