I wonder if anyone can help me with a few points. Just before New Year I intend to go bankrupt to clear £70k of unsecured debt.
I work from a small office and am presently just squeezing out a living. How does the OR treat you if you are self-employed? My office rent is paid up with no arrears as is the rent on my flat, utilities and mobile are all paid up too.
I am most concerned about IPA/IPO assessment. My income varies from month to month and I never know what it will be the next month. Will the OR take an average of a few months income or just instruct me to notify them if my income goes above x amount? I can always limit the amount of work I do to prevent reaching an IPA-invoking amount
Also, I'd be grateful if someone could give me an indication of what the OR considers reasonable amounts for living expenses - housekeeping, phone , etc. I am single with no dependents.