I am a publican facing bankrupcy soon I am slowly starting a self-employed sales business which I hope will provide me with an income when we move out, fold up the Ltd Company & I go BR. I have registered my new business name & I have opened a fresh cash card account in my name unrelated to my unsecured debts & my partner has an account with the same bank (although he has no debts he has no credit rating either). He will get self-employed work in the building trade once we are free from the workload of the pub, although his income was never regular. My question is, how does the official reciever work out how much I have to repay when I have no idea how much either of us will be earning? Is it reviewd periodicaly? will I be filling in endless forms & Will I be paying massive fees to the OR? Also will I be able to keep my new bank account so that commissions can be paid in and I can do basic banking?
You should try to estimate as best you can what you anticipate your income to be. The OR will write to you again before your discharge to ask for another income and payments schedule just to make sure nothing has changed.
no idea how much each of us will earn
Posted - 23 September 2008 : 12:23:55
