| T O P I C R E V I E W |
| indy2005 |
Posted - 22 May 2008 : 19:26:17
Hi,
We said in the SOA that my wife pays £500 to household expenses as someone advised me not to disclose her salary but just her contribution. We did this because although she gets £1400, she is dropping a day in June and so this will drop to about £1100. She has £250 to pay car finance, her own bupa policies (she has had spinal surgery), and is the one who pays into the child trust funds.
Also, I said I pay £300 for child care. In reality, this comes out of my wifes income at source so I give her £300. This £300 should technically therefore become part of her income (or perhaps £150 of it if we assume we go 50/50).
To top it all off, I got my new payslip today and the amount I get paid has gone up by £130!
How is this all going to get panned out? Am I in trouble for misleading them? Dod they "know" what my wife gets paid, and do they have the right to ask for her payslips in my bankruptcy? And if I have lied about here income, as I know its going down in a month...what then.
AAAAAAAAAAAAHHHHHHHHH!!
Thanks
i
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| 14 L A T E S T R E P L I E S (Newest First) |
| indy2005 |
Posted - 24 May 2008 : 01:13:21
Thanks |
| melanie_giles |
Posted - 24 May 2008 : 00:50:56
That budget for a family of four adults is much higher than the CCCS guidelines and the OR will probably reduce it - but bearing in mind that you may only have to pay between 50% and 70% by way of monthly contribution you can always use your share of the disposable income to supplement the difference.
For an informal chat about any financial difficulties, or advice as to the options available, I can be contacted via my website - www.melaniegiles.com |
| indy2005 |
Posted - 24 May 2008 : 00:13:55
Thanks
OK thanks. We put £650 a month for food also. I have included in this my £4 a day at work to eat which is £580 for a family of four.
Do they just say "thats fine if you can prove it", or do they say "sorry, family of 4 is a max of £500 and do the rest on your spare income".
Also, do they ask us to prove our food shop bills? We have a few big shops, but the rest tends be odds and sods at tesco express every 3 days paid in cash.
i |
| JulianDonnelly |
Posted - 23 May 2008 : 13:01:07
Hi Indy,
Just bring the information to light at the interview and explain that with all the stress you had made genuine oversights, but bare in mind that it is you going Bankrupt not you wife so her expenditure can be taken (within reason) into account prior to her contributions to the household expenditure therefore if she is dropping a day per week and the income will decline then so will her contribution.
Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk |
| indy2005 |
Posted - 23 May 2008 : 00:57:44
OK to correct at initial interview? Or should I call the case officer? |
| melanie_giles |
Posted - 22 May 2008 : 23:57:45
As I said - rectify the errors without further delay and draw a line under it.
For an informal chat about any financial difficulties, or advice as to the options available, I can be contacted via my website - www.melaniegiles.com |
| indy2005 |
Posted - 22 May 2008 : 22:41:37
Once again, bankcruptcy making me feel like a criminal! |
| indy2005 |
Posted - 22 May 2008 : 22:39:55
Hi,
My problem is I put a prospective contribution from my wife - not what it was at the time. She is dropping a day at work staring in June (we have a letter confirming it), so didnt want to put a contribution in that was valid for 20 days.
The child care is a genuine oversight, I will just say that I miscalculated and the money I give my wife for childcare can be used to increase her income contribution. I guess they wont mind me being honest to give them more money.
Regards
i |
| melanie_giles |
Posted - 22 May 2008 : 22:03:28
When you lodge an application for bankruptcy at Court you swear an affidavit that the content is true. Having said that mistakes do happen, and the sooner you bring an absolutely true representation of your financial affairs to the OR the better.
For an informal chat about any financial difficulties, or advice as to the options available, I can be contacted via my website - www.melaniegiles.com |
| m and v |
Posted - 22 May 2008 : 20:41:56
Nope - I took my husbands wage - deducted everything he pays for (including thing si thought the OR wouldn't like) and what was left was his contribution.
Now I know we can pay for everything and whats left is a realistic figure.
No more struggling!!!
Vicki x |
| indy2005 |
Posted - 22 May 2008 : 20:13:10
Wow, I thought my wifes outgoings were out of the equation. |
| m and v |
Posted - 22 May 2008 : 19:49:33
I too have had my wages paid into my husbands account for the last two years (was in an IVA)
The OR hasn't asked to see his bank statements either!
I asked if I could continue using his account for my wages after BR (to safe hassle of swopping DD's over etc) and she was fine with it!
Just said I would need to tell them if my wages changed as they wouldn't have bank statements to see.
I don't have enough disposable income to pay an IPA - I only earn £435 a month and my husband contributes more than twice that to the household income. So yes we are better off - my IVA payments were £579 and I could not get them to take into account my husbands outgoings. Under BR I have been able to get these accounted for.
Not an easy decision to make going BR but for me it has been a fresh start and an end to months of worry.
Vicki x |
| indy2005 |
Posted - 22 May 2008 : 19:41:36
Thanks,
Day 4 blues me thinks. Isnt this open to abuse though. Your husband could be earning 5K a month, and you could say he only contributes £500, so your IPA payment reduces (not that you would do this). How can they operate an IPA without insisting on seeing partners payslips? I think they have access to the PAYE and HM Revenue and Custome system (so know anyway).
I have had my salary paid into my wifes account for 2 years, so they are not going to see any activity in my bank account apart from an allowance coming in from my wife. I am guessing they will want to see my wifes statements to see the salary activity.
What do you pay in an IPA...and are you better off?
Regards
i
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| m and v |
Posted - 22 May 2008 : 19:37:17
Oh bless you...... I am certain you will be able to explain the change in income to the OR - I am guessing you haven't had your interview yet.
During the interview they go through each section of the form and I was asked to let them know if there was anything that had changed or that I had thought of so I am sure that you will be able to talk through the changes with them. She even said to ring her in the days after the interview if I thought of anything.
They must get people confused with the figures all the time.
I did exactly what you did and just wrote down a figure for what my husband contributes - not what he earns.
The OR hasn't asked for his payslips, or any other proof of his outgoings.
An expert will be along soon
Take care
Vicki x |
