what does 'extra' in bankruptcy mean

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susanna

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Post by susanna » Sat Jan 19, 2008 7:39 pm
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Please can you go into more detail regarding 'You will be required to pay any extra money that you have to the court, usually for three years' - what exactly does 'extra' mean? Thanks. Susanna
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Lisa2009

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Post by Lisa2009 » Sat Jan 19, 2008 7:56 pm
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Hi, i assume that would mean declaring any overtime, bonuses and windfalls but im sure someone else can go into more detail for you.

mrs skint
http://mrsskint.blogs.iva.co.uk/ 'Our Story'


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Adam Davies

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Post by Adam Davies » Sat Jan 19, 2008 10:34 pm
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Hi
In bankruptcy your income and expenditure will be assessed by the official receiver.If they feel that you have a surplus then a percentage of this has to be paid each month for three years.This is called an income payment order
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Andy Davie
IVA.co.uk Spokesperson and Website Manager

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Andam Davies
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