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 Priority debts include:
- mortgage or rent arrears. If you don't pay these, you could lose your home
- fuel arrears. If you don't pay these, you can have your fuel supply disconnected
- council tax arrears. If you don't pay these, a court can use bailiffs to take your goods. If, after this, you still have arrears unpaid, you can be sent to prison
- court fines such as magistrates' court fines for traffic offences. If you don't pay these, the court can use bailiffs to take your goods. If, after this, you still have arrears unpaid, you can be sent to prison
- arrears of maintenance payable to an ex-partner or children. This includes Child Support you owe to the Child Support Agency. If you don't pay these, a court can use bailiffs to take your goods. If, after this, you still have arrears unpaid, you can be sent to prison
- income tax or VAT arrears. You can be sent to prison for non-payment of income tax or VAT.
You may have other debts which you think it is particularly important to pay. For example, if you're disabled and rely on your car to get around, you may need to make paying for your car a priority debt. You need to think very carefully about which debts you treat as the most important ones. You must have very good reasons, as you might have to convince a court or your other creditors why it is reasonable for you to treat these debts as more important than others. Prioritising debts will help you to organise your debt better and make a debt repayment plan.
Other Debt related Questions :
Debt question? Getting back on my feet?
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I have around £5k of debt spread between different credit cards/store cards (ouch! I know!!!)
Some of the cards I am not paying any interest on at the moment, so I've got my priorities right in that I will pay off the higher interest ones first.
Anyhow, my credit rating is quite poor at the moment - due to the figure I owe in debt/no of
Debt question? Getting back on my feet?
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Humans are not cost effective
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News today in the uk found at http://exposure4u.hu.tl tells us the lives of humans are not worth maintaining. The NHS tell us this evening they refuse to buy life enhancing cancer drugs. It would be assumed that a human, irrespective of the make and model, has a life determined by whether the parts needed will be purchased. Oh, sorry, I thought
Humans are not cost effective
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Husband left?
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Hi,
Really could do with some sound advice on this one.
Scenario:
Couple married for 15+ years. 10 year old child. Mortgage, other debts under £50K.
The male walks out, mentions another women, usual story of a mutual friend.
The remainder or debts are in the females name (As debts in his name were paid off on priority - sneaky).
Husband left?
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When a business goes into administration, who pays the administrator?
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For example, a Scottish football club, Gretna, went into administration in March. It has been reported that the administrators in charge of the finances now (Wilson Field) have racked up charges of £250,000.
In such situations, who would pay those fees? Would the administrators simply be added to the list of creditors that needs paid? Do their
When a business goes into administration, who pays the administrator?
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What to wear for a basic, civil marriage ceremony?
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Any suggestions? Its a basic, registry-office ceremony with just close family.
(We can't really afford anything fancy and don't want to get into debt - we have been together 4 years, have a house and a mortgage and a 18 month old son, which are more important financial priorities than a wedding!)
He doesn't own a decent
What to wear for a basic, civil marriage ceremony?
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housing problem?
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what would you do if u were living in shared accomodation ,u were 90 pounds in debt.you had no where else to go.you have seven fellow tenants that u really didn't get along with.you were originally homeless and seen not as priority,you had aspergers and no job and very little savings and in poor health.would u sue the council,put in for
housing problem?
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Why don't I do drugs?
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They would make me stupidly attracted to constant repetitions of doing them at ridiculous and disproportionate cost to my self-worth, bank account/debt situation, short-term memory, cell membranes, nerves, social and professional situation, self-respect, personal health, personal smell, time, satisfaction/peace, self-appreciation.
The entire
Why don't I do drugs?
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i need advice on bankruptcy please!?
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i am now unemployed and need to go bankrupt.the debts are in my name alone although i am married,will my husbands wage be affected by me going bankrupt?
most of my husbands wage pays the priority living expenses and his own debts so i have none left over to pay my debts with....we want to know if my husbands wages will change or even have to be
i need advice on bankruptcy please!?
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Why do people from the "Old World" APPEASE Terrorism?
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Why do people from the "Old World" APPEASE Terrorism?
This article is intended to be directed toward spinless Europeans and NOT the Brave one's that have, unfortunately, caught a bad name for living on the same land-mass as these morally and intelligently weak individuals. This in particular is NOT directed toward Great Britain
Why do people from the "Old World" APPEASE Terrorism?
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New Years Resolutions you Can Keep?
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1. Gain weight. At least 30 pounds.
2. Stop exercising. Waste of time.
3. Read less. Makes you think.
4. Watch more TV. I've been missing some good stuff.
5. Procrastinate more. Starting tomorrow.
6. Don't date any of the Baywatch cast.
7. Spend more time at work, surfing with the T1.
8. Take a vacation to someplace
New Years Resolutions you Can Keep?
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· Debt Consolidation
· What is IVA?
· Individual Voluntary Arrangement
· Debt management
· IVA Specialists
· Reduce my debts
· Priority debts
· Non-priority debts
· List your debts
· Credit card debt
· Debt consolidation firm
· Bad debt consolidation remortgage
· Debt consolidation organization
· Debt consolidation lending
· Debt consolidation government loan
· All debt related articles
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