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About fulox

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  1. Answering my own question in case someone else has similar circumstances. Student finance cannot be counted as income as its a loan. If you revive an adult dependants grant (£2757) this can be classed as income.
  2. Hello, I unfortunately find myself at a point in my life where I was made redundant, owe approx £30,000 and have very little income and no assess. I have decided bankruptcy seems the most logical solution as I have had to retrain so will be doing a degree for the next 3 years. The only issue I have is trying to understand what payments I will need to make, if any. So my income is as follows: Student Finance (Including Parents and Dependent Allowance) - £12000 (Paid for 39 weeks only) Tax Credits - £168 a week Child Benefit - £48 a week I have 3 young kids and a wife. My problem is I have asked both Citizens Advice and Stepchange but both are unsure if my Student Loan can be classed as income. I was quoted the following: 31.7.78 Student loan income It should be noted that where a bankrupt is in receipt of a student loan this is not income which can be claimed under an IPA/IPO. So does this mean my income would be tax credits and child benefit? I find it hard to believe that they would ignore my major source of income. Any help appreciated, for reference the figures are within a few £'s as I do not have exacts but am happy to find them if needed. Thanks.
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