Notifications
Clear all
Scottish Trust Deed Forum
2
Posts
2
Users
0
Reactions
1,183
Views
Topic starter
18/05/2011 4:11 pm
Hi guys,
My next review is due in June and since my last review I have moved in with my girlfriend and I was wondering what will happen regarding my girlfriends income.
Here is how I understand it - my girlfriends income will be taken into account - but only to make sure she is paying her fair share of the household bills, not because she will be liable to pay anything towards my debt. Is this right?
For example, I bring in about 65% of total household income, but we go 50/50 on all bills - meaning I can increase my payments when the next reviews comes around.
My IP is aware of the move etc so I have kept him up to date.
18/05/2011 5:38 pm
Hi ScotsLad.
You're correct. It would be unfair on your creditors is you were bearing all of the household expenditure as it would effectively be reducing the amount that they might expect to receive from the trust deed.
So your girlfriend will be expected to bear her fair share of the household expenditure, but not to contribute towards the repayment of your debts.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
