Are you paying a contribution to your bankruptcy Mrs387129? If so then You can expect the reviews to continue I'm afraid, as you have an obligation to pay whatever you can reasonably afford for another 2 years after discharge so the trustee will need to check what you can afford.

Hi Kevin,

Thanks for your reply. Yes I do indeed pay a contribution per month of £120. My reason for asking is due to the fact that when I entered into my bankruptcy I was/currently on a low income, under 15k per year. I am now in the process of seeking new employment within a different work sector which in turn will dramatically increases my yearly wage to 24k but I cant help feeling that maybe it's a pointless task when I try to better myself financially so that I dont get into this mess again, for my trustee to then ask that I contribute any excess I earn towards my bankruptcy. Is there a limit to the contribution that can be asked of me?

Thank you again in advance.

Hi Mrs387129.

The only real limit that applies is if you fully pay back the debts, interest, and bankruptcy fees.

Therefore a significant salary increase is quite likely to result in a significant increase in your contribution towards the debts.

Maybe this is a subject to take a long-term view about? Developing your career now may substantially improve your financial position once you can put all of this behind you.

Hi TDA,

Thanks for getting back to me, I did think that my contributions would increase but I wasn't sure to what extent & if it would in fact whip out all of the extra income I earned. You are very right and I have been thinking about the long term and how it would substantially improve my position in the future but not for another 2 and a half years would I reap the rewards, which seems so long away. BUT it is something that I am just going to have to live with.

Thanks all for the advice.

Remember that with a new job may come extra expenditure,some of which can be offset against the rise in income.

Good luck for the future,and I certainly wouldnt put life on hold just because I was BR!!

Paul

Hi Guys!

Thank you all for the advice!

Plasticdaft - I am taking your ''Good luck for the future,and I certainly wouldnt put life on hold just because I was BR!!'' comment & running with it, you have givin me some inspiration so I will keep you posted on further developments.

Thanks again guys!