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Hi

 

I am looking for a bit of advice please.

 

My wife and I have had our house repossessed (8weeks ago) as we were in arrears with our mortgage.

We also have joint debt of £420k, which is approx 90% business related (long story).

My wife managed to secure a new job on the day of our house repossession and we fortunately managed to rent a house from a private landlord.

 

My wifes salary just covers all our outgoings and I am desperatley trying to find work. I am ex-forces (22yrs in the RAF) and cannot claim any benefits at all because I receive £520 a month military pension(disgraceful).

We have no option but to go bankrupt and the Royal British Legion are helping us with the process etc

 

My questions are as follows:

I understand that any money left over after our normal living expenses will be taken by the OR. But, my wife has been told that she will be promoted before xmas and that she will receive a car allowance. Firstly, I have no idea how we will be able to lease or buy a car unless we save the monthly allowance. Does anyone know how the OR will look at this as it's is part of the employment contract that if an employee receives a vehicle allowance then the vehicle has to be less than so many years old etc?

 

Will she be better off not accepting the promotion? Would be a shame as its a great job?

 

Any advice would be greatly received.

 

Thank you

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