ATTACHMENT OF EARNINGS

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I HAVE RECEIVED TODAY AT MY OLD ADDRESS A NOTIFICATION OF REQUEST FOR ATTACHMENT OF EARNINGS WITH AN I&E FORM ATTACHED TO IT FROM THE BANK (THIS IS FOR A LOAN NOT A MORTGAGE) DO I HAVE TO FILL IT IN OR IF I DONT CAN THEY JUST TAKE MONEY STRAIGHT FROM MY WAGE WITHOUT KNOWING WHAT I PAY OUT? PLEASE HELP. THANK YOU.

-- TIMMY (TIMMY12@EUROSEEK.COM), October 29, 2001

Answers

Make sure the AoE form is stamped by the court for starters.

If it is then you should fill out the I&E forms. What the AoE office will do is see how much your income and outgoings are and set a limit - for example if you earn 150 per week and your outgoings come to 100 the AoE office might set your limit at 120. This means that the lender cannot touch anything you earn under that 120. The remaining 30 I am not sure if the lender gets the lot or a portion of it. But that is generally how it works.

If for any reason your outgoings go up, then you can have a reassessment.

Also, you can appeal against the AoE. If for example, you're likely to get problems at work because of it. If you can agree with the creditor that you'll pay X a month and you keep to it, then you could avoid an AoE altogether.

-- pendle (pendle_666@yahoo.co.uk), October 29, 2001.


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