Self employed Bankruptcy Advice...

RaggedEdge

Hi guys, My BR application is all done, just so nervous about hitting that submit button.
Simular to a previous query I havent worked since March 2020 since lockdown, I trade as a taxi driver and in the current climate if i do work i would be operating as a loss so have decided to sit tight and accept all 3 grants given so far. For my income on the BR form, I have put my 18/19 income in as, 19/20 I will be submitting early Jan 21.
Would it be suitable for me to add the 3 grants along with what I earned till march minus my estimated costs on the form as opposed to my 18/19 figure. I believe it will bring me down a few hundred quid, also then my income will be less to then what is going out, will this be looked in to by the OR as my other half supports me from her income and savings but the debts are sole mine and at the moment she dont have clue that I will be filing for BR and personally I want to deal with this myself without her knowing too much.

Minkym00

Put down what you actually received in income in the last year, rather than 18/19 figure. 

The OR asks for your income for 2 reasons - to ascertain if any new debt you took out recently was affordable, and to asses you for an IPA. If you haven’t taken out any new debt then it won’t matter and if you’re not working then you won’t be assessed for an IPA until you are.

Hope that makes sense.

luvchocolate

Icedrist said:

Hire a lawyer

Ignore this...not necessary.