BR and household income to high?

Years_of_debt · 9 September 2018 at 8:14PM

So BR is the option for me.
Due to my mental health I will be jobless in circa 4 weeks & submitting my BR - 30k debt.

All debts aren’t in my name. Literally 0 assets no car no nothing.

My question is;

I’m living in a house with 5 other adults with a total combined income of over £160,000 per year. Will their income mean the OR can Impose an IPA on me if I am living there rest free & jobless?
If I was to start working part time, £500 a month. Would then need to pay rent of £250 & general living costs for the other £250. As the other 5 adults earn quite a lot between them would the OR say food for like £120 was to expensive, as they would expect the 5 other adults to “help me” during my BR - they earn more so pay more?!

I’ve read on here that someone who went BR who earned circa £600 a month was almost in “surplus” due to the fact he was living with “well off” people. So therefore it was reasonably expecting of them to pay more for food and other costs. Compared to living with 5 people who earn min wage?

Any truth in this or is it just rubbish?

debt_doctor · 9 September 2018 at 8:52PM

Hi,

If you will have nil income then you will have no IPA.

Considering others who may live in the same accommodation as you then unless one of them is your partner then they are irrelevant.

If living with parents or in a shared house you would contribute in a reasonable manner to rent / board and other household costs plus food. It needs to be reasonable and factual. Of course if you have no / little money you can't contribute.

DD

Years_of_debt · 9 September 2018 at 9:13PM

Thank you,

Just to clarify partner would mean legally, by marriage?

debt_doctor · 10 September 2018 at 8:31AM

Years_of_debt wrote: »

Thank you,

Just to clarify partner would mean legally, by marriage?

No, a much wider definition. A person whom you have a relationship with and live together.

DD

National_Debtline · 10 September 2018 at 10:46AM

Hi Years of debt,

Years_of_debt wrote: »

All debts aren’t in my name. Literally 0 assets no car no nothing.

I appreciate that the main crux of your question is in relation to an IPA. However, I would like to point out that when you go bankrupt, only the debts that are in your name will be included. If someone else has taken on credit for you, and you are supposed to pay them back, then when you go bankrupt your liability to repay the individual is written off, and the person who took on the credit, still owes the bank.

However, if you mean that other people are named on the debt, then anything in joint names - or where someone has acted as guarantor - would mean your liability is ended, but the other person still owes 100% of the debt (under joint and several liability). Not sure if this affects your total debt level, but worth noting.

Laura
@natdebtline

ToxtethO'Grady · 11 September 2018 at 7:33PM

Bankruptcy includes contingent liabilities, and being a guarantor is one so your guarantor who has gone bankrupt is no longer liable and cannot be chased

BR and household income to high?

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