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Spending before BR
liquidbutindebt
Posts: 63 Forumite
Hello all, had my OR interview and it went really well. The OR was super nice and very friendly. We joked and laughed through a lot of it 
But I was wondering about spending before bankruptcy and how it will be viewed after my bank statements have been scrutinised.
I have basically been waiting for my majority creditor to make me bankrupt. Which took quite a while from when I initially took advice from an IP. Meanwhile I stopped paying all other creditors as, technically, I was insolvent and was told I couldn't make preference payments. So, 12 months later, I am finally made BR.
I have had reasonable income in the intervening period and have lived normally (i.e. in the same way as previously). I have not used any credit, or attempted to gain credit and I have not become further indebted to anyone. But I have been spending on things that could probably be classed as over and above essential household needs. I have not acquired any assets of significant value to the OR. Obviously I have acquired things, but nothing major. I have basically been living within my means.
How is this spending likely to be viewed by the OR? Given that my income is relatively high?
But I was wondering about spending before bankruptcy and how it will be viewed after my bank statements have been scrutinised.
I have basically been waiting for my majority creditor to make me bankrupt. Which took quite a while from when I initially took advice from an IP. Meanwhile I stopped paying all other creditors as, technically, I was insolvent and was told I couldn't make preference payments. So, 12 months later, I am finally made BR.
I have had reasonable income in the intervening period and have lived normally (i.e. in the same way as previously). I have not used any credit, or attempted to gain credit and I have not become further indebted to anyone. But I have been spending on things that could probably be classed as over and above essential household needs. I have not acquired any assets of significant value to the OR. Obviously I have acquired things, but nothing major. I have basically been living within my means.
How is this spending likely to be viewed by the OR? Given that my income is relatively high?
0
Comments
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Lots of views... no comments? Anyone got any ideas what I should expect?0
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Without going in to specifics it is really hard to comment, also no 2 OR`s are the same.:pB&SC No. 298
Life`s Tragedy is that we get OLD too soon
and WISE too late!0 -
as dojoman says it is very hard to comment on this one. obviously they see a lot worse than what you describe, but you will have to wait and see what the OR says. there are a couple of people who work for the insolvency service on here i think so hopefully they will see this and comment
i wouldn't worry too much though0 -
bumping up for you0
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