How are partners savings and shares judged?

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jordan22

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Post by jordan22 » Mon Jun 16, 2008 11:47 pm
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How are partners savings and shares(windfall) judged in the number crunching?
I presume kids savings are safe?
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Viki.W

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Post by Viki.W » Tue Jun 17, 2008 1:14 am
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Hey jordan22, welcome to the forum. An expert will be along shortly to answer your question. Viki X
If you would like to talk to me about your debt problems, please visit:
http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
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MelanieGiles

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Post by MelanieGiles » Tue Jun 17, 2008 8:56 am
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Hi jordan

Your partner's assets will not form part of your IVA or bankruptcy, and your childrens' monies will also be completely safe.
Regards, Melanie Giles, Insolvency Practitioner
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Pink Dog

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Post by Pink Dog » Tue Jun 17, 2008 1:37 pm
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Hi all,
i have a similar worry. i live with my BoyF and he has all the mortgage ect in his sole name. but we are both concerned that my trust deed (scotland) will affect his home and business. i have no financial ties with him, financially we are 2 seperate people. will his home be blacklisted because of me? will his business suffer?
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MelanieGiles

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Post by MelanieGiles » Tue Jun 17, 2008 11:48 pm
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It will depend upon whether you have developed a beneficial interest in the property or not. As you are dealing with an IP already, what is their advice in this regard?
Regards, Melanie Giles, Insolvency Practitioner
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Pink Dog

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Post by Pink Dog » Wed Jun 18, 2008 8:41 am
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the property has nothing to do with me. i simply live there. i havent asked my IP about it yet. i only contribute £75pm to housekeeping/mortgage as a token. all the deeds and financial connection to the property is solely with my partner
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MelanieGiles

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Post by MelanieGiles » Wed Jun 18, 2008 8:05 pm
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I suggest that you ask your IP about this as soon as possible to set your mind at rest.
Regards, Melanie Giles, Insolvency Practitioner
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