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SATAL
New Member
United Kingdom
50 Posts |
 Posted - 11 May 2011 : 22:23:30
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Hi, I had planned to to BR recently, but then our landlords gave us notice to leave (not because of my financial situation..the rent has always been paid) so now I am having to postpone the bankruptcy until I can find somewhere to live. Having been searching for a couple of weeks I can see that we will probably have to pay nearly twice as much as our current rent, as we were very lucky to have such a miraculously low rent in London. This would be for the same sort of property (1 bed flat).
My question is, when I come to do the BR and am filling out the I & E, is it going to be a problem that my rent is so much higher than it was previously? I'm scared that it will be disallowed, but there really aren't any cheaper places out there.
It's really hard trying to find somewhere to live, with my credit history and the rental market as it is. My partner is not going BR and would be paying half the household costs.
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Melanie.n
forum expert
United Kingdom
1282 Posts |
Posted - 12 May 2011 : 10:05:30
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Theres is no need to worry. You have a genuine reason as to why you have had to move pre bankruptcy in that you have been given notice to quit by the landlord. Provided your rent is within an average range for a property in your specific area, there would not be a problem (that does not mean you can go and get a penthouse apartment though, it must be an average rented property, at a size suitable for you - that way no queries/problems would be incurred, by that i mean it would be questioned if you were a sole occupier or a couple who rented a 4 bedroom property - 2 would be the max allowed)
Hope this clears up your concerns - Melanie
Melanie Nicholas
30 years insolvency experience - 23 of which in the Insolvency Service
- Insolvency Manager
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SATAL
New Member
United Kingdom
50 Posts |
Posted - 12 May 2011 : 11:06:24
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| Hi Melanie, that does ease my mind somewhat but i'm still concerned that such a big jump in price will be questioned, even though it's only for a 1 bed flat. Fingers crossed! |
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moodybluetwo
Junior Member
156 Posts |
Posted - 12 May 2011 : 11:50:43
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| At first glance your situation may look suspicious to the OR….but as Melanie said if your circumstances are genuine and you have taken all reasonable steps to find appropriate accommodation there should not be a problem. |
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xmas baby
Average Member
537 Posts |
Posted - 12 May 2011 : 12:41:09
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Hi Satal,
You mention that you are worried they may question why your rent is so much more expensive that previously. However, if you not already filed for bankruptcy, then your previous rent is of no consequence to them as this was before you filed for bankruptcy. What you need to tell them is your expenditure at the time you file for BK. Anything previous to that with regards to rent is irrelevant.
xmas baby |
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SATAL
New Member
United Kingdom
50 Posts |
Posted - 12 May 2011 : 12:55:11
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| But they would still go through all my previous bank statements and see that my rent used to be much cheaper until right before going bankrupt. |
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Skippy
forum expert
United Kingdom
3290 Posts |
Posted - 12 May 2011 : 14:18:45
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I presume that you have the notice to leave in writing? If so you could show this to the OR to prove that you had no other option but to move.
View my blog at http://skippy13.blogs.iva.co.uk/
Only when the last tree has died, the last river has been poisoned and the last fish has been caught will we realise that we cannot eat money.
Last IPA payment made on 28th June 2010 - it's over at last! |
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SATAL
New Member
United Kingdom
50 Posts |
Posted - 12 May 2011 : 16:16:27
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| Hi Tracey, yes I do. Thanks! |
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Topic |
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A problem of rent
