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 Is there a limit to how much rent can be payed in bankruptcy ?
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Starting Member

1 Posts

Posted - 18 May 2012 :  16:33:24  Show Profile  Visit Hannah.80's Homepage  Reply with Quote
Is there a limit of how much rent you can pay for your home once you go bankrupt.

forum expert

United Kingdom
2211 Posts

Posted - 18 May 2012 :  16:58:27  Show Profile  Reply with Quote
Hi Hannah,

There is no set limit, as long as it's reasonable for the area and your families needs.

Everyone's expenditure and family size and needs are different and this is taken into consideration.

Viki Warbrooke
Vincent Bond & Co
If you would like free advice on all options available and help with your bankruptcy petition please contact me at http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
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xmas baby
Average Member

537 Posts

Posted - 22 May 2012 :  12:01:47  Show Profile  Reply with Quote
Hi Hannah,

As Viki has already mentioned, rent should not be a problem as long as it is not extortionately high for the area. When I declared bankruptcy I was paying just under £300 per month, but lived on a council estate in a not very nice area. After the one year bankruptcy finished I was still in an IPA for another 2 years but I had to move as I couldn't stay in my current flat any longer, so I explained this to Moonbeever and the RTLU and they accepted my request to pay a higer rent (which increased to £400 per month) without any problem. There may have been an issue if I had increased the rent to a much higher amount of say £1000, but if it is a reasonable amount then I shouldn't imagine it being a problem. Of course you would need to supply Moonbeever with proof of rent by sending them a copy of the lease agreement.

xmas baby
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