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rebecca.sd
Starting Member
7 Posts |
 Posted - 29 August 2009 : 14:24:50
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Hi
I am about to declare bankruptcy .My partner doesnt work but he receives 53 pounds a week carers allowance for looking after our son.This money goes into my bank account.Do I need to put this down as income as it is only me who is declaring bankruptcy.Also with regard to expenditure what is the maximum I can put down for holidays,car maintainence and dental costs.My family is 2 adults and 2 children aged 9 and 6
Please help
Thanks
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sjbyron
Average Member
United Kingdom
746 Posts |
Posted - 29 August 2009 : 15:08:13
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Are any of your debts joint debts, if so I think he will be made bankrupt too and therefore his expenditure and income needs to be taken into account.
Stu J Byron |
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Skippy
forum expert
United Kingdom
3290 Posts |
Posted - 29 August 2009 : 16:18:50
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Hi Rebecca, if your partner's carers' allowance is in his name you won't need to declare this as your income. I would recommend that he opens an account as yours will most likely be frozen by the bank when you are made BR.
If you have joint debts he won't be made BR unless he petitions himself, but he will then be liable for the full amount.
Rather than putting down the maximum allowances you need to put down what you actually spend. Put down everything you pay out, and if you want to post it on here the experts will be able to have a look at it.
Tomorrow is a mystery, yesterday is history, today is the present, a gift to make the most of.
View my blog at http://skippy13.blogs.bankruptcyhelp.org.uk/
25 IPA payments made, 11 to go - on the home straight! |
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 29 August 2009 : 19:46:07
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I agree with Skippy.
Although your partner would become liable for the full amount of the joint debts, if he can afford to service the payments on those, then he would not have to declare BR as well.
The glimmer gets brighter all the time
Jan
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many questions
