working and benefits in bankruptcy

debtinfo

not quite, the wifes income is not counted as your income, but the OR will expect here to pay a fair share of the household expenses

Euphoria1z

freddy911 wrote: »

Yes but post up your SOA there may be things you forgot to include.

http://www.makesenseofcards.com/soacalc.html

the list on this link is quite large, but looking at the 6.28 form from the IS website that you can download, it only has about 10 outgoings? where would you put the rest?

would you have to put child tax credits and child benefit in the "other income " section? even if its not recieved by the person going bankrupt but the wifes accounts (whos not going bankrupt) would it still need to be shown?

Thanks

PippaGirl_2

There is a section for 'other income' and a box where you list what the other income is that you have added together.

HappyMJ

Euphoria1z wrote: »

the list on this link is quite large, but looking at the 6.28 form from the IS website that you can download, it only has about 10 outgoings? where would you put the rest?

would you have to put child tax credits and child benefit in the "other income " section? even if its not recieved by the person going bankrupt but the wifes accounts (whos not going bankrupt) would it still need to be shown?

Thanks

Child tax credits and child benefit is joint income so must be shown. You show that then you show an equal expense to offset the amount received. Such as an increased allowance for general housekeeping (also known and always confused on the DFW with groceries-it's more than food it's everything else). The SOA calc does break a few things down such as telephone, internet, mobiles, satellite TV. You can just enter the whole figure (usually £60) under landline and just add a note such as (amount is an all inclusive package inclusive of internet).

As for showing your partners income you would, if she earns more than you, take all the joint expenses and divide them by 2 and put that figure down instead. If her income is lower then you just put her take home pay after her own travel to work costs have been taken off (not then including them in the expenses part) down. She then keeps her excess income.

If you are on child tax credits and both working then you really shouldn't have much surplus income.

depression

debtinfo wrote: »

not quite, the wifes income is not counted as your income, but the OR will expect here to pay a fair share of the household expenses

YesI do understand it is her incomeBut when I include her share of my expenses it will increase my surpluswhich I realise I will pay.Is this correct.Putting it another way they won't take off her contribution will they because why should they.

HappyMJ

depression wrote: »

YesI do understand it is her incomeBut when I include her share of my expenses it will increase my surpluswhich I realise I will pay.Is this correct.Putting it another way they won't take off her contribution will they because why should they.

They won't but your expenses would be at least 50% higher than what a single persons expenses would be just for the 2 of you excluding the kids. According to a spending survey or some poverty measure somewhere that's usually the case. And even according to the minimum level of benefits very basic living costs £71.00 a week for one adult and £111.45 a week for 2 adults (plus travel to/from work, rent, mortgage, property maintenance, council tax and kids expenses) which is 57% more. I still don't understand why you have a surplus and are on benefits. Are you including every expense you can think of? £20 per person per month for holidays for instance?

depression

the surplus is only low about £23.00but maybe the advice people have not included all my expensesI will ask them to help look at them again thank you.