Hi we have done our I&E and have about £57 excess a month. Our current gym memberships are £56 per month and I understand these will not be allowed as money allowed in our I&E so have not put them in and so the excess comes to £57 per month.
Will our memberships be added to the BR and if we find a new gym for £20 each a month will we be allowed to join this as we will prob not have enough excess to pay into a IPA but will have the money for the new membership.
if your current membership is on a rolling monthly basis you could continue with it or opt out. If you are paying monthly for an annual membership which has some months to run at the time of bankruptcy then it should be included in your bankruptcy and the payments ceased.
Either way there is no problem with each of you entering into a new £20 per month Gym commitment as if it is for a year then the full fee is £240 per person and therefore less than the £500 max permitted in bankruptcy.
Gym Memberships
Posted - 13 March 2009 : 20:18:21
