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T O P I C R E V I E W
qznhln1
Posted - 19 August 2009 : 21:57:05 Spouses's Car
I haven't declared my wife's car on my SOA as it is in her name and I don't have use of it (I am not on the insurance). The OR has exempted my car, which I use for work.
I am the sole breadwinner but living in a rural community it is essential my wife has the car for getting the kids to school and doing the shopping etc..., particularly as I regularly work away during the week. Due to the distances involved she uses a fair amount of petrol (£250/month).
The OR has asked me to revisit my I&E and I obviously want to include this petrol cost & running expenses but I am concerned about mentioning her car in case this causes any problems, particularly as her car is probably worth about £8k.
Any thoughts?
2 L A T E S T R E P L I E S (Newest First)
Melanie.n
Posted - 20 August 2009 : 08:01:54 Your wife's assets ie car do not have to be disclosed to the OR, however as you are the sole income in the household you are asking the OR for an allowance for her to operate the vehicle via your income and expenditure, therefore you will have to disclose that there is a second vehicle, otherwise you will not have the allowance for the running costs included in your Inc & Exp
There is no problem in operating two vehicles in a household particularly if the second vehicle is required due to your location and travel needs for school etc. Just provide a letter/statement to the OR to justify the additional car costs
Melanie Nicholas 28 years insolvency experience - 23 of which in the Insolvency Service - Insolvency Manager Jones Giles email me at melanienicholas@jonesgiles.co.uk
gettingoutofdebt
Posted - 20 August 2009 : 07:06:50 If your wife isn't BR then there is no need to mention the car as the OR is interested in your assets and not your wife's.
Is there any reason the OR has asked you for a new I&E? Have they queried a certain expense?
You aren't obliged to change any of the figures on the original I&E and if you and the OR cannot come to an agreement then it can be referred to another OR and eventually to the court if the OR wants to implement an IPA/O.
