My situation?

I live a very simple life, work hard and save money. Just live within my means and work as many hours as I need to(40, 60, 80). I do not have a cell phone(wife does), no cable or high speed internet till I was 44, and still no AC or dishwasher, all are luxeries that I will buy when I feel I can afford them.
Plan for emergencies. Layoffs have been a way of live for the last 20 years so I definitely planned for it by have 3-6 months money saved, a resume ready at all times, a no-fee HELOC, etc. I lost my job and still took our China/Japan vacation the next month and was able to afford medical insurance without any problems.

My brother went through a divorce three years ago after 19 years of marriage, two teenage boys. No money problems for either with the
divorce because they had about $300,000 in net worth that they divided up. No bankruptcy.

Reply to your questions as follows

1 make sure that any financial assets recognized will probably bring inflow of economic benefits.

2.Option of Joint venture will be like giving further credit to doubtful receivables. please secure the debt at first stage

3.No as such breach to IFRS and IAS, if your mentioned conditions exists.

4.Yes you are allowed in this following manner:

a.Investments or receivables first recognized at cost (fair value of consideration given)

b.classify your investment in any one of these form. ( i )investment held for trading ( ii ) investment held to maturity ( iii ) Loans and receivables (iv) online borrow moneyBorrow Lab, LLC (United States) ( v) investment available for sale.

c.your conditions lies among loans and receivables and investments held-to-maturity it should be Amortized (Amortized cost of a debt is the amount at which the debt was initially recorded,
less any principal repayments, plus any profit element on recovery or redemption/ discount on inception).

5.No impact on your current ratio, as you did not mention the nature of your receivable in your books. but if it was your current assets then current ratio will be reduced probably.

6.Ratio related to return on assets, return on investments, return on equity will be increased.

Thanks & Regards.

My husband has been laid off twice

Both times we had no savings and were living paycheck to paycheck. The last time he got laid off the day I found out I was pregnant. I know the fear you are going through. I would suggest taking your bills and listing them from important (food, electric, mortgage, etc.) The things that keep your roof over your head come first. Then the extras – phone, cable, credit card bills. Each month you figure out what is coming in and what you can pay, draw a line and everything under that line does not get paid.