Do i need to legally declare a non means tested benefit when declareing myself bankrupt?

[mmain]

Please i hope someone can help me. I and my husband are on benefits and my husband recieves disability living allowance. We also foster a child. Our debts aprox �11.000 became too much tp pay and we were slipping into more debt so we arranged a debt management plan through payplan. What seems to be the case is that none of the cc people are freezing interest or charges so the debt will never get paid regardless of how much we pay monthly. Also in our income/outcome statement we declared our foster allowance but this money is a non means tested allwance for the childs costs not for our debt and if we remove that from our income statement we have a minus income. I want to declare ourselves bankrupt but we are only technically bankrupt with out mentioning that money. Is this allowed? Do we need to include that foster allwance?

[Ethel]

You have to include ALL incomes - so yes, you must declare it.

Have another look at your expenses - are you sure you haven't forgotten anything?

[what..the?]

Yes ethel is right on this one - all incomes should be listed otherwise you could get in trouble for witholding information.

And as Ethel sasy do make should you consider all possible expenses even small annual costs as if you try to add to it later they might not think it is a genuine expense and you are just trying to get away with paying contributions.

Not forget the more unusual expenses such as :

council tax
tv licence
sky?
home insurance
car insurance
clothes
school trips
school unforms and equipment
medical treatments or medicine
DIY and repairs

This is a "THE" web site with everything you need to Know

http://www.insolvency.gov.uk/

[Gavin Dunt]

http://www.lost.eu/87ef

[themas]

I'm not sure what you mean by "we are only technically bankrupt without mentioning that money". Do you think that you can only be bankrupt if your expenditure exceeds your income? If so, that is not the case at all. You are insolvent and can become bankrupt if your debts are such that you can see no possibility of repaying them, even if you regular expenditure is less than your income. As suggested, look at the info on the insolvency service site.