bankruptcy

pollyjen

hi all.

im new here. i will eventually be looking into bankruptcy after my house has been repossessed. i'll be wanting to include the shortfall and about 15000.00 debt.

the house and debt is all in my name. i dont work, my partner works full time and pays for everything. how do i stand regarding bankruptcy will his wages be taking into account? cant see how it should when its not his debt. obviously i cant make ipa, any help would be appreciated regarding this.

thanks

pollyjen

anyone????

fermi

They can't take any of his income.

tigerfeet2006

Hi and Welcome to the Bankruptcy (BR) Board. First step is to make a list of all your creditors, debts and assets. Secondly and most important is contact one of the following debt charities. Please try these they don't charge and are impartial. They will go through all your options with you and if they suggest bankruptcy then come back to this board and we will help you all we can. Also if your not ‘clicking’ with one of the Debt charities do try another. We advise you to try at least two others for your own piece of mind. Your BR could be refused if you have not sought advice.

* Blue text on this forum usually signifies hyperlinks, click on the blue links below *
Main recommended sources of help:

• National Debtline - Website: National Debtline Telephone: 0808 808 4000
• Citizens Advice Bureau - Website: Citizens Advice or visit your local CAB centre (find nearest)
• StepChange (formerly CCCS) - Website: StepChange Telephone: 0800 138 1111

Others:

• Business Debtline
  - Website: Business Debtline Telephone: 0800 197 6026
• Christians Against Poverty
• PayPlan
• TaxAid - Help with tax debts.

Please don’t do anything rash take your time and weigh up your options and read everything you can.

We often ask you to post your SOA so we can see if you have included what you need to:-
MSE SOA Calculator - Click here
Select the MSE format at the end. Copy and paste onto your thread.

For ‘essential’ BR info the ‘Look here first’ sticky by Fermi.

BR friendly home insurance thread.

BR Friendly Bank Accounts ~ [Updated Sep 2012 re: Co-op Cashminder withdrawal]

BR Abbreviations

Beth's Guide Reasons for your BR

Charities who help with BR Fees

Bankruptcy NDL Guide

Basic Bankruptcy Advice & Guide NED CAB

If you are new/old to this board and receive/see a comment that is not helpful or insensitive please don’t let it put you off posting, often these comments are made by people who don’t normally contribute to this board and don’t speak for us.

What to do if you get an insensitive or hurtful comment.

And do remember we’ve all been through this and anything you don’t understand don’t be afraid to ask.

As Fermi says they can't take his money. Get some advice and then come back to us with what has been advised and we will endevour to help and support you all we can.


Best wishes
TF...x

pollyjen

thanks for the replys.

it will be a while before i do anything cos im planning on staying in my house til repossession and then deal with everything after ive found somewhere to rent.

thanks again :-)

pollyjen

sorry im back again lol

when im doing the soa do i put partners monthly income cos i dont get anything

pollyjen

might help if i read it properly eh ive just seen a space for income

alastairq

hi...someone correct me if I'm wrong, but I seem to recall it isn't mandatory for a partner's income to be stated?

minic

Hi,

It's not mandatory. If you don't declare your partners income they just presume they contribute 50% of household expenses.

When I filled in my BR forms I wasn't earning anything either so I put my income as just the child benefit, listed the household outgoings and then in the partners contribution box just put the full amount of the outgoings.

tigerfeet2006

You fill in the SoA so you show your full outgoings for the house you live in when you go BR, your own personal outgoings. Any income you have ie: child benefit, JSA etc. and what your partner contributes to the household, you don't have to put his ull income just what he pays to make the books balance.

pollyjen

thanks all for the advice. i think it will be a while before i will be taking the bankruptcy route. at the moment i will be living in my house, missing mortgage payments and saving that, then finding a private rent just before mortgage company repossess.

think this forum is brilliant for advice been a lurker for the past couple of months and its put my mind at rest a bit. so one day i will be back to share my experience hopefully it'll all be good lol

thanks again x