Regulation 17 Common financial tool: supporting statements and evidence

(1)

Any debtor application, initial proposals under section 90(2) of the Act, or application for review or appeal of the debtor’s contribution under section 92 or 97 of the Act must contain or be accompanied by a statement—

(a)

that the money adviser or trustee, as the case may be, assessed the debtor’s expenditure against the Common Financial Statement; and

(b)

explaining any instance in which those trigger figures are exceeded.

(2)

Any such statement setting out expenditure in excess of the trigger figures must be accompanied by evidence of why any expenditure allowed that exceeds the trigger figures is reasonable.

(3)

Paragraphs (1) and (2) do not apply to an application for review or appeal mentioned in paragraph (1) by an interested person other than the debtor or the trustee.

(4)

Any statement for the purposes of assessment by the common financial tool that there has been a change in the debtor’s financial circumstances must be accompanied by evidence that the debtor’s circumstances were not as they were when last assessed for those purposes.