KrakityJones
Registered User
- Messages
- 13
Hi
I'm trying to calculate reasonable living expenses in my case. I'm married, no kids and have a car which I need for work, no other costs or special circumstances. Will likely be going bankrupt.
On the ISI site/calculator this suggests €2336 as the reasonable amount but is that for the total household income or just mine?
I'll round up for simplicity so I make €2500 per month, my wife make €1500 per month. We pay rent of €850 PM
From the calculator does this mean I get to "keep" €1473 to live on + say half the rent (€425 so total €1898) and the rest (€602) goes out on a payment order, or is the total household income used in which case we get to "keep" €1473 (+rent so €2323 total) and the rest (€1677) goes on the payment order - which would effectively mean all my wages are gone and we live off my wife's wages only.
I always though bankruptcy would apply to just me but the ISI table would suggest both our wages are used for calculation. If anyone knows I would hugely appreciate the clarification.
Thanks
I'm trying to calculate reasonable living expenses in my case. I'm married, no kids and have a car which I need for work, no other costs or special circumstances. Will likely be going bankrupt.
On the ISI site/calculator this suggests €2336 as the reasonable amount but is that for the total household income or just mine?
I'll round up for simplicity so I make €2500 per month, my wife make €1500 per month. We pay rent of €850 PM
From the calculator does this mean I get to "keep" €1473 to live on + say half the rent (€425 so total €1898) and the rest (€602) goes out on a payment order, or is the total household income used in which case we get to "keep" €1473 (+rent so €2323 total) and the rest (€1677) goes on the payment order - which would effectively mean all my wages are gone and we live off my wife's wages only.
I always though bankruptcy would apply to just me but the ISI table would suggest both our wages are used for calculation. If anyone knows I would hugely appreciate the clarification.
Thanks
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