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question about soa
motivate11
Posts: 53 Forumite
i have my phone interview with the official receiver next week
do i have to include wifes earnings outgoings
i pay for all bills etc she pays for kids clothes her own mobile etc??
do i have to include wifes earnings outgoings
i pay for all bills etc she pays for kids clothes her own mobile etc??
0
Comments
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The OR will ask about your wife's earnings although she is under no obligation to tell them.
However
The OR will apportion the total household outgoings between you and your wife pre rata depending on your incomes. i.e. if you earn 90% of the income they will let you pay 90% of the outgoings before taking any of your surplus. If you do not disclose the wife's income they will automatically take this ratio to be 50:50. Therefore a bit of maths says that if you earn more tha 50% of the income it is worth telling the OR your wifes income.Hi, im Debtinfo, i am an ex insolvency examiner and over the years have personally dealt with thousands of bankruptcy cases.
Please note that any views i put forth are not those of my former employer The Insolvency Service and do not constitute professional advice, you should always seek professional advice before entering insolvency proceedings.0 -
on my original soa when i went bankrupt i only put my own ill re do it for before the interview thanks do i need to declare her overtime or just basicThe OR will ask about your wife's earnings although she is under no obligation to tell them.
However
The OR will apportion the total household outgoings between you and your wife pre rata depending on your incomes. i.e. if you earn 90% of the income they will let you pay 90% of the outgoings before taking any of your surplus. If you do not disclose the wife's income they will automatically take this ratio to be 50:50. Therefore a bit of maths says that if you earn more tha 50% of the income it is worth telling the OR your wifes income.0 -
I think basic should do for herHi, im Debtinfo, i am an ex insolvency examiner and over the years have personally dealt with thousands of bankruptcy cases.
Please note that any views i put forth are not those of my former employer The Insolvency Service and do not constitute professional advice, you should always seek professional advice before entering insolvency proceedings.0
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