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 Just declared bankruptcy. Will I lose savings in rent to official receiver ?

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T O P I C    R E V I E W
Catherine.kc Posted - 23 November 2013 : 12:36:39
I have just declared myself bankrupt,i am in rented accomodation and just been asked by a friend if i would like to move in as a house share, this would mean i am paying a lot less out each month...will i however lose this all to the official reciever???
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Niobe Posted - 23 November 2013 : 13:08:30
Hi and welcome to the forum.

Your payments to the OR will depend upon your disposable income per month after your normal bills have been paid. If it is more than £20 a month then you will have to pay the lot across for three years which will include any savings in rent.

The friend in my adversity I shall always cherish most. I can better trust those who helped to relieve the gloom of my dark hours than those who are so ready to enjoy with me the sunshine of my prosperity. – Ulysses S. Grant



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