Quick question re bankruptcy ...
As a public service employee , is my pension safe? I am 30 yrs old
In the bankruptcy term of 3-5 years (5 years if there is an attached payment order ) - if I get married within that term does my situation remain the same or would a partners income be looked at ?
I know my income would be taken over and I would have to live within the reasonable living guidelines (say the 1042 a month) - but is there someone literally checking that you spend x amount on electricity each month; x amount on food etc etc.....I suppose what I'm trying to ask is what if someone gave me a helping hand from time to time say by paying an electric or refuse bill of groceries...do I have to show where each cent goes ? Am I left with the 1042 plus the amount of my rent and its up to me to pay my bills myself ...as in car insurance, tax, esb, heat etc etc? As in do I just lose control of the surplus income outside the reasonable living guidelines amount ?
I'm just trying to weigh up the pros and cons and see are there any major drawbacks for me if I ended up in that scenario.
The negatives I see for most people is the seizure of assets and loss of family home - but I have no assets other than the car and id gladly hand over the house.
An obvious advantage I see of the bankruptcy is my outstanding issues with revenue. I have outstanding NPPR (I left this property when I split with my partner in 2009 as did he) tax and the undeclared rental income. If I went bankrupt from my understanding this would all be cleared?
As a public service employee , is my pension safe? I am 30 yrs old
In the bankruptcy term of 3-5 years (5 years if there is an attached payment order ) - if I get married within that term does my situation remain the same or would a partners income be looked at ?
I know my income would be taken over and I would have to live within the reasonable living guidelines (say the 1042 a month) - but is there someone literally checking that you spend x amount on electricity each month; x amount on food etc etc.....I suppose what I'm trying to ask is what if someone gave me a helping hand from time to time say by paying an electric or refuse bill of groceries...do I have to show where each cent goes ? Am I left with the 1042 plus the amount of my rent and its up to me to pay my bills myself ...as in car insurance, tax, esb, heat etc etc? As in do I just lose control of the surplus income outside the reasonable living guidelines amount ?
I'm just trying to weigh up the pros and cons and see are there any major drawbacks for me if I ended up in that scenario.
The negatives I see for most people is the seizure of assets and loss of family home - but I have no assets other than the car and id gladly hand over the house.
An obvious advantage I see of the bankruptcy is my outstanding issues with revenue. I have outstanding NPPR (I left this property when I split with my partner in 2009 as did he) tax and the undeclared rental income. If I went bankrupt from my understanding this would all be cleared?