Can a person earn money whilst in bankruptcy

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hdk

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Post by hdk » Tue Apr 24, 2007 12:14 pm
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Can a person earn money whilst in bankruptcy and if so does it have to be declared?
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Skippy

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Post by Skippy » Tue Apr 24, 2007 1:32 pm
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Hi hdk and welcome to the forum. Yes, you can earn money whilst bankrupt, and yes, it does have to be declared to the Official Receiver. I was made bankrupt last month and I have a job so therefore have to pay a percentage of my surplus income into an IPA - Income Payments Agreement. Any changes in salary have to be notified to the OR within 21 days.

Yesterday is history, tomorrow is a mystery, today is the present - a gift to make the most of.

View my blog at http://skippy13.blogs.iva.co.uk/
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