preparing for bankruptcy

tinybabysteps

Hi Mummy, try not to worry so much about the forms. Me and DH went to court this tuesday and it was not so bad at all. We found it easier to complete the forms online, we just did a section at a time. You can keep saving them for editing purposes without having to submit them. Had lots of help from the people here regarding our SOA so do post up yours for advice on what you can claim for etc.

We were in and out of court in less than an hour, didn't see the judge at all and spoke with the OR by phone before we left.

I must admit I was a nervous wreck the day before but looking back now (only a couple of days) I can't believe how relaxed it all was.

Good luck and well done for sorting out your debt problems

MummyHol

Thanks TBS

The only thing i'm confused about is whether or not i just put my income/outgoings or whether i include OH's. I'm going BR on my own but my income only covers part of the bills (the small part that is), OH pays the rest.

When (if) DS has a nap i'll post my SOA, so its all a bit clearer.

tigerfeet2006

MH you put the joint household bills down ie mortgage, utilities etc and your personal expenses. DH personal expenses do not go on the SOA.

You put your income down and in the box where it says 'does anyone else contribute' you put DH contribution down. Not his full wages, just what makes the books balance so to speak, because obviously he will have his own expenses.

fermi

On outgoings you list all the shared household bills/expenses plus any that are personal to just you.

On income you list just your income, but not your OH's.

In the section asking for how much others "contribute to the household expenses" you put down how much your OH contributes to the shared expenses/bills, not their whole income.

EDIT: Snap.

MummyHol

thanks.

would it look odd if i didn't put any assets down- the only thing i own here is the bed (which isn't diamond encrusted or anything). everything else was either bought by OH's wages or given to him by family. Even the computer belongs to his parents- they gave it to him on the condition he bought them a cheaper replacement. Is it going to be questioned if i just leave that whole section blank?

fermi

A lot of people end up with that section without anything in.;)

I think you are meant to put NONE rather than leave blank boxes.

DON79

thank you for this board mummy hol cos one of the questions i had was about whether i put my OH's income down on the forms. can i just check - so you put down your own income and then put down all household exp - that bit i understand fine.

but when I have to put my OH's contribution down, do I only put down enough so that income and expenditure match exactly or should there be some available funds or should there be a deficit at the end of the month??

Thanks and sorry for jumping into your post with the question mummyhol.

peachyprice

Don, your OH's contribution should be roughly half of the shared bills unless there's a big difference in your income, in which case you can pro rata it.

DON79

Hi, my husband earns about £1700 after tax and i earn £450. so I suppose should pro rata it? Thanks Peachyprice.

peachyprice

Yes, his contribution would be roughly 75% of shared household bills.