Overtime in Bankruptcy

[n_b]

How is overtime looked at in Bankruptcy??does anyone know ?

Thanks
n_b

[MelanieGiles]

It is not really taken into account for the calculation of disposable income, unless it is guaranteed overtime.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp

[n_b]

Thanks for the fast reply melanie , just getting as much info as possible as we spoke to Philip this morning , and it wasn't good news , as your probably aware.

Nicki

[n_b]

I realise this is in the wrong place now ... does anyone know how would the car stand in bankruptcy. worth between £3500-£4000 but owe £1500 on car repayment amount is £195 got 8 months left , work shifts and travel all over the north west to different stations , Do you think hubby could keep car?

n_b

[MelanieGiles]

Hi Nicky

It is difficult to believe that you are being denied an IVA by one creditor who started off being owed approx £5k and are now demanding six times as much. Incredible!

You will need to persuade the finance company and the OR as to your need for a reliable car, but stand a fair chance of retaining it in my opinion.

We haven't given up on the IVA yet, and I will be meeting up with Phil on Wednesday to find out more about his investigation.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp

[n_b]

Thanks melanie,

We will await your phone call, to advise us further but we are just getting as much info as possible together in our own minds to make the final decision. speak later this week .

Thanks

Nicki