also, one more question - when filling out the statement of affairs (as im doing alot of it for him) do i put the total household outgoings in the outgoings section then add my contriubution in the next section where it asks other contributions from members of the household? or do we just list his 'half' of the household outgoings and put '0' in the contribution from other household members.
sorry, my whole question did not get listed properly - her it is again.....
I was wondering if you would be able to give me some advice on bankruptcy. My partner is about to go bankrupt as he has been advised it is the best course of action for him. I am more than happy with this and have been helping him with all his paperwork and completing the application form. We have only been together since March of this year and all the debts were incurred whilst he was married to his ex-wife. When we started living together, as I own the house, we made sure everything was in order so set up a lodger agreement etc so we both knew where we stood.
However, I have read that the contributions he can make towards his bankruptcy after the order is made will be dependent on the whole households income as we are living together. This has obviously distressed me as we have only been together a short time and all the debts incurred were way before I met him. I am in a fairly good job (£23k) and after all the bills etc have an excess of approx. £300 which I use towards home improvements or savings. Obviously therefore I do not want my extra earnings to go towards his bankruptcy. He is self employed and with business being a bit slow the last year or so he can afford the essentials but would not have any excess money to contribute after the order.
Where do I stand with this?
also, one more question - when filling out the statement of affairs (as im doing alot of it for him) do i put the total household outgoings in the outgoings section then add my contribution in the next section where it asks other contributions from members of the household? or do we just list his 'half' of the household outgoings and put '0' in the contribution from other household members.
Unfortunately I cannot help you with this but I am sure someone will be along soon who is more 'in the know'.
I would be interested to hear what people have to say because I am in a similar situation. I am due to go BR soon and have started filling in the forms but am not fully sure what to put in the I & E either.
I live in a shared house with 1 other person. I pay the rent and most of the bills and then he pays me back a set amount each month to cover his half of everything. He also pays a couple of the bills so we deduct my half of what I owe him from what he pays me (if that makes sense???!!!).
So, I am thinking that I put down on the I & E the money he pays me as an 'Income' and then I list all the full amounts for the rent / bills etc. that I pay, and then I just put down my share of the bills etc. which he pays as an 'Expenditure'.
Please tell me if this is wrong but it just seems to make more sense to me that way as it will hopefully be clearer then to the OR when they come to looking through my Bank Statements etc. and seeing all these movements of money.
filling out the statement of affairs
Posted - 13 November 2008 : 12:33:41
