My partner is a self employed salesman. He rents a vehicle from a company and sells their products on a self employed basis, getting a set percentage of commission for each item sold.
However, his income is very up and down. He didn't earn a penny in December for example once the van rental and fuel costs had been taken out.
How does his monthly income get estimated? He is also going to have to put money aside for his tax bill. How does all this work post bankruptcy?
in bankruptcy they will take an average of the last 3 months salary slips. If he is going to declare bankruptcy he will not need to worry about his tax bill as that will be included in his bankruptcy and written off.
Self Employed
Posted - 23 January 2009 : 20:44:59
