Combined household earnings + applying from overseas

littlelolly

Hello,

I am a newbie to the forum but it is likely I am going to need your help a lot over the coming months. Hello!

My husband unfortunately needs to go bankrupt after a business failure which has left him with an unservicable level of debt, mainly because of a personal guarantee he gave - will never do that again . I do not need to apply, the debts are solely in his name and we have always had separate bank accounts.

Have a couple of questions I would really appreciate some help with:

1. Just looking at the Statement of Affairs, I need help with this question:

"6.7 How much do other members of your
household contribute each month to
the household expenses?"

How do you answer that? I have got a new job where I earn a little more but also have longer hours and more stress, it seems unfair that my extra earnings could go towards an IPA and that I potentially won't have any disposable income either.

2. Also, we currently reside overseas (outside the EU). Do I use our local currency on the Statement of Affairs, or convert to British pounds? If so, where do I get the exchange rate from?

Can't wait until this is all over. Its been a massively stressful time with the business failure as well.

Thanks heaps for your help

mel12

Hi, welcome to the forum

"6.7 How much do other members of your
household contribute each month to
the household expenses?"

How do you answer that? I have got a new job where I earn a little more but also have longer hours and more stress, it seems unfair that my extra earnings could go towards an IPA and that I potentially won't have any disposable income either.

I would do it proportionally to income - eg if you earn 40% of the household income, pay for 40% of the household expenses, and so on.

They won't take your disposable income, but will expect you to contribut to household expenses when taking into account how much to take from him.

Ineedaname

Unfortunately I don't think the Court and/or OR would want to go through your SOA converting everything from local currency to sterling. That doesn't help you if you use one exchange rate to fill in the SOA and then things change against you.

However, if the exchange rate is fairly stable for your currency that won't be so much of a problem.

So I guess the Court and SO will want to see sterling figures, but it might be worthwhile ringing them to check.