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 If I go bankrupt will it effect my wife will her income be taken into account ?		  New Topic  Reply to Topic
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Sean.d
Starting Member



1 Posts
Posted - 10 May 2012 :  20:05:41  Show Profile  Visit Sean.d's Homepage  Reply with Quote
If I go bankrupt will it effect my wife will her income be taken into account ? The dept is mine not hers.

Viki.W
forum expert



United Kingdom
2211 Posts
Posted - 10 May 2012 :  20:25:11  Show Profile  Reply with Quote
Hi Sean,

Your wife would need to contribute her fair share towards the household expenditure, other than that, her income won't be touched.



Viki Warbrooke
Vincent Bond & Co
If you would like free advice on all options available and help with your bankruptcy petition please contact me at http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
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debtinfo
forum expert



2826 Posts
Posted - 10 May 2012 :  20:41:14  Show Profile  Reply with Quote
do you have any shared assets with your wife or the possibility of an interest in part of her assets
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seandee
Starting Member

United Kingdom
3 Posts
Posted - 12 May 2012 :  23:47:08  Show Profile  Reply with Quote
Hi thanks can you tell me also our car is in my name but she needs it for work can I sign it over to her? I am not working now so have no income the house is rented and although we are sharing the house we are seperated due to the pressure of this, Will I have to sell things from the house?

sm
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Viki.W
forum expert



United Kingdom
2211 Posts
Posted - 13 May 2012 :  08:05:46  Show Profile  Reply with Quote
Your usual household goods etc won't be classed as assets.

Who bought the car? Has your wife always used it? How much is it worth?



Viki Warbrooke
Vincent Bond & Co
If you would like free advice on all options available and help with your bankruptcy petition please contact me at http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
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seandee
Starting Member

United Kingdom
3 Posts
Posted - 15 May 2012 :  23:11:37  Show Profile  Reply with Quote
Hi we both broght it yes she uses it value £ 7000 the one I use is £2500 both in my name not hers what will happen ?
quote:
Originally posted by Viki.W

Your usual household goods etc won't be classed as assets.

Who bought the car? Has your wife always used it? How much is it worth?



Viki Warbrooke
Vincent Bond & Co
If you would like free advice on all options available and help with your bankruptcy petition please contact me at http://www.vincentbond.com/about_us_Viki_Warbrooke.asp


sm
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Viki.W
forum expert



United Kingdom
2211 Posts
Posted - 16 May 2012 :  07:25:39  Show Profile  Reply with Quote
They are both classed as assets. I presume she is the main insured on the £7000 one?

Are you seeking work? Claiming JSA?



Viki Warbrooke
Vincent Bond & Co
If you would like free advice on all options available and help with your bankruptcy petition please contact me at http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
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seandee
Starting Member

United Kingdom
3 Posts
Posted - 19 May 2012 :  13:43:50  Show Profile  Reply with Quote
Hi I am looking for work and will be claiming JSA when I get my hesd a round it she was second driver but is now main as she needs bigger car daily will I be allowed to keep lower priced car or will it be sold as an asset ?
Also if I claim JSA what part do I have to pay each month ?
quote:
Originally posted by Viki.W

They are both classed as assets. I presume she is the main insured on the £7000 one?

Are you seeking work? Claiming JSA?



Viki Warbrooke
Vincent Bond & Co
If you would like free advice on all options available and help with your bankruptcy petition please contact me at http://www.vincentbond.com/about_us_Viki_Warbrooke.asp


sm
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