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| T O P I C R E V I E W |
| adrianratcliffe |
Posted - 07 March 2010 : 12:37:19
IPA Payments "help please"
Hi, does anyone have a formula or income expenditure form or list of amounts and what exactly I can and can't put down on paper for my IPA ? |
| 13 L A T E S T R E P L I E S (Newest First) |
| adrianratcliffe |
Posted - 08 March 2010 : 17:41:13
Il'e tell you what you lot are, a right helpful bunch, im'e made up with them replies, many thanks it gives me a bit more confidence for the receivers meeting on thursday again thanks. |
| Skippy |
Posted - 08 March 2010 : 08:48:24
I didn't have a house, I lived with my partner in his flat which I hadn't paid towards due to my debts.
View my blog at http://skippy13.blogs.bankruptcyhelp.org.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.
32 IPA payments made, 4 to go - the end is in sight! |
| gettingoutofdebt |
Posted - 08 March 2010 : 07:22:50
I'll put the main expenses and their guideline amounts underneath for 2 adults and 2 children:
Housekeeping, including food and cleaning - £504
Telephone charges - £61
Clothing - £156
Haircuts - £30 (£10 per adult and £5 per child)
School/work meals - Normally £2 per person per day
TV Licence £12
Other expenses you can claim that are variable are:
TV licence (£139.50 per year or £11.61 per month)
Insurance policies (except motor)
Mobile phone costs
Dry cleaning
Children's school meals - Normally £2 per child per day
After school clubs and trips
Childcare - if parent/s are working
Dentist
Prescriptions
Opticians
Pets (evidence to be provided)
Professional body membership (unless paid by employer)
Hairdressing and personal care - £10 per adult/£5 per child
Rent arrears
Holidays - Not always allowed.
Internet if used for education purposes.
The following aren't allowed as expenses and need to come out of any disposable income:
Social and entertainment expenditure
Pocket money for children
Gym membership - unless you have a doctor's note
Sports and club membership
Satellite and cable TV
Broadband computer costs
Alcohol
Cigarettes
Private healthcare
Excessive mortgage payments
Additional pension contributions
Charity/religious tithing
Cleaning, gardening and ironing services
Skippy has a list of her I&E in her blog so it is definitely worth a look. You can also put up your I&E here and we can take a look and advise on anything you may have missed out.
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| RHB |
Posted - 08 March 2010 : 07:10:12
If you do get an IPA & mortgage payments go up then your IPA payments would go down. |
| adrianratcliffe |
Posted - 07 March 2010 : 22:31:15
Ye thought that as soon as i typed it, joiner arn't i better sticking to wood than typing really me, did you manage to keep your house throgh all of your bankruptcy ? |
| Skippy |
Posted - 07 March 2010 : 22:19:57
I was going to ask how you managed and could you give me some tips!!!
View my blog at http://skippy13.blogs.bankruptcyhelp.org.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.
32 IPA payments made, 4 to go - the end is in sight! |
| adrianratcliffe |
Posted - 07 March 2010 : 22:17:41
Hi Skippy
thanks for that i meant to say £110 per week.
Regards
Ady |
| Skippy |
Posted - 07 March 2010 : 22:12:40
£110 for food seems very low for 2 adults and 2 children. The maximum allowance is £504, but this is for food, housekeeping and cleaning.
Clothing allowance for 2 adults and 2 children is £156.
I'm not suggesting that you claim the maximum if you don't spend it, but please make sure your expenditure is realistic.
Other things you can claim for are telephone, travel, TV licence, dry cleaning (if needed), mobile phone, childrens's school meals and after school clubs and trips, dentist, prescriptions, opticians, pets (if you have them), professional body membership (if you have it), hairdressing, holiday (not always allowed, and only a modest amount). The figures for these aren't listed on the spreadsheet so just put down what you spend.
View my blog at http://skippy13.blogs.bankruptcyhelp.org.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.
32 IPA payments made, 4 to go - the end is in sight! |
| adrianratcliffe |
Posted - 07 March 2010 : 21:58:31
Hi Skippy,
nice 1, I will try to get on here what I can, I am on the books and earn around £2,000 clear per month as a joiner my wife is a hairdresser on a vastly varying income due to rent a chair and can only really pay a nominal amout of around £240 per month to the kitty, my mortgage at present is £675 and I have a second charge of £275 per month we need £110 minimum for food (2 adults 2 children), council tax is £120 per month water rates £50 per month, i have redundancy insurance and accident and sickness £120 per month my wife has an old corsa car and our gas and electric is £100 per month I am in a grey area as to clothing allowances and medical plus my wife has sky tv. The main problem would be that if interest rates went up both my mortgages will rocket. Thanks |
| Skippy |
Posted - 07 March 2010 : 21:41:00
I can't believe it's so near the end - I'll be celebrating on 28th June when the last payment goes out!
It's a huge spreadsheet, so I'm not sure if it'll be possible to paste it on here. The other way is to post your I & E on here and we'll have a look at it and make any suggestions of things you may have forgotten.
View my blog at http://skippy13.blogs.bankruptcyhelp.org.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.
32 IPA payments made, 4 to go - the end is in sight! |
| adrianratcliffe |
Posted - 07 March 2010 : 21:02:52
Thanks skippy, I have looked at your blog glad your getting through to the end of your IPA, I don't have excel as this computer was given to me, I hate to be a nuisance but could you please paste the spreadsheet onto here for me please "getting out of debt" ? |
| Skippy |
Posted - 07 March 2010 : 16:50:29
If you find that some of your expenditure is outside the guidelines you need to put down the true figure that you spend - if you can justify the extra there shouldn't be a problem.
View my blog at http://skippy13.blogs.bankruptcyhelp.org.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.
32 IPA payments made, 4 to go - the end is in sight! |
| gettingoutofdebt |
Posted - 07 March 2010 : 12:41:41
The following Excel spreadsheet has the guideline amounts for the things you can claim for - www.insolvency.gov.uk/DocumentLibrary/Policy/Excel/Household%20Expenditur.xls
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