Reasonable expenses during lockdown
in Bankruptcy & Living With It
2 replies 221 views
I was declared bankrupt at the end of January due to an imminent and large reduction in income beginning in February. In my interview with the official receiver it was decided that because of the inconsistent nature of my income (I’m freelance so monthly totals vary a fair bit) that I’d provide details after 3-6 months as evidence of my expenses and my reduced income to confirm whether or not I’d need to make any payments to creditors. Since then my income has reduced even further of course due to the pandemic but so too have my expenses. I’m just wondering if anyone might be able to throw any light on whether the OR will be likely to make a decision based on my expenses during what would have been normal circumstances or how they are as a result of the pandemic and lockdown? Obviously my expenses for travel etc are greatly reduced because of working from home but would they therefore say the money saved in light of this should now go to my creditors or that under normal circumstances those would be my expenses so would still be considered reasonable even though I can’t actually spend it on travel etc
I’m sure this is a huge grey area at the moment but interested in any educated guesses! Thank you!
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