Posted: Mon Nov 19, 2007 10:48 am
When my husband and I go bankrupt, will the official receiver sit and take our combined expenses and combined income together and then any surplus be then calculated into a Income Payment Order, or do they take my income, and half the expenses and work it out and then take my husbands income and the other half of our expenses and work it out seperate for him?
If it is the latter, what happens if husband earns the majority of the money, but is only allowed half the expenses, so would show to have more surplus, whereas wife might earn less and not be able to even cover the other half of the expenses? Does a bit of common sense come into play at all?
If it is the latter, what happens if husband earns the majority of the money, but is only allowed half the expenses, so would show to have more surplus, whereas wife might earn less and not be able to even cover the other half of the expenses? Does a bit of common sense come into play at all?