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maizie
Average Member
United Kingdom
566 Posts |
 Posted - 06 August 2008 : 16:01:35
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Just asking out of curiousity really cos it doesn't affect me, I already know!
What would happen if your partner chose not to disclose their income, for example:
I know my partners income, I pay half of everything but he pays £200 more towards mortgage/rent than me as he earns £200 more than me a month, although he does have financial committments of his own i.e a loan. I don't honestly think the OR would allow me to up my portion of the rent so it was equal would they?
Anyway, if a partner chose not to disclose their income how would they work out that the person going bankrupt was paying their fair share of utilities, rent, food etc.?
Maizie |
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Helpful Advice
Average Member
United Kingdom
646 Posts |
Posted - 08 August 2008 : 10:38:29
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Hi Maize,
The not Bankrupt partner or spouse does not have to declare their income nor their own individual expenditure!!
The Bankrupt need only put down what their spouse contributes after their personal living costs.
Kind Regards,
Brett England
Bankruptcy Specialist
England,Jackman & Spacey
WebSite www.ejands.co.uk
View my personal story & blogs at:
http://brettengland.blogs.bankruptcyhelp.org.uk/ |
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maizie
Average Member
United Kingdom
566 Posts |
Posted - 08 August 2008 : 10:40:06
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But wouldn't the OR require this information at the interview so they can work out that bills are being shared equally?
Maizie |
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maizie
Average Member
United Kingdom
566 Posts |
Posted - 08 August 2008 : 10:42:42
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Also I am hoping that I have put this down correctly on my bankruptcy form:
I have stated all expenditure whether it be utilities, petrol, dentist etc etc. what the total household pays i.e. what I pay plus what my boyfriend pays. Then put how much he contributes in the other section i.e. how much out of the total household he pays including petrol, dentist etc. etc. Then the difference is what I pay. Is this correct?
Maizie |
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Helpful Advice
Average Member
United Kingdom
646 Posts |
Posted - 08 August 2008 : 10:46:23
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It's not about sharing equally it's about affordability, If a non bankrupt spouse earns a larger salary, but is servicing their own debts or car finance therefore reducing the amount they can contribute then this is fine, but the OR has no authority to have the non bankrupt spouse declare their expenditure, just the level of contribution.
The reason the Bankrupt can now contribute more towards the bills is due to the fact they do not have to service their debts any longer, if this means a larger proportion of their money goes towards joint bills then so be it.
Kind Regards,
Brett England
Bankruptcy Specialist
England,Jackman & Spacey
WebSite www.ejands.co.uk
View my personal story & blogs at:
http://brettengland.blogs.bankruptcyhelp.org.uk/ |
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Partners income
