| T O P I C R E V I E W |
| nicki.s |
Posted - 23 October 2008 : 20:53:55
I''ve got my court date on Monday and I''m starting to freak out a little. If I go into an IPA how much of my surplus income will I be able to keep? If, after my essential outgoings, I have £500 left how much do I keep and how much goes on the IPA? |
| 15 L A T E S T R E P L I E S (Newest First) |
| siobhan |
Posted - 27 October 2008 : 21:31:19
hi
her hubbie was made BR end of Aug and it sounds like she had a fantastic OR (from blackpool-lady!) who increased all her outgoings so had a small IPA of £68, and considering they earn a load of money between them, and have two kids, i think they got a good deal!! when they'd looked into an IVA they were told the creditors wanted about £550, so they refused as could only afford £450, and said they would go BR.
unfortunatley i have an OR(male) from liverpool office so who knows what they'll think of me and my husband's I&Es!
S x |
| BankruptC |
Posted - 27 October 2008 : 21:03:27
Thanks for that Siobhan,
We were allowed a holiday allowance too (eventually! ;-) ), but not gifts and as I said I haven't heard of anyone being allowed gifts for a good while now (until now!). When was your friend allowed it? If it was recently that's good. I'd still recommend people put these things down anyway-as i said before if you don't ask, you won't get!
:-)
Thanks again,
C. x |
| Needafriend |
Posted - 27 October 2008 : 21:00:23
Each office is different, our OR would not allow us to do that. Although we did not have an IPA so that is used for that side of things.
LOL
Jo
x
For more info on how i have come through bankruptcy and for links to help, you can read my blog here called:
Jo's Links and added info on Bankruptcy!
http://debtfreejo.blogs.bankruptcyhelp.org.uk/
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| siobhan |
Posted - 27 October 2008 : 20:55:34
my friend was allowed to put money aside for birthdays, xmas and holidays (hich equates to the gifts section). surely that should be allowed?
S x |
| BankruptC |
Posted - 25 October 2008 : 16:03:49
Hi Nicki,
The problem I have with putting down what you spend now, is that it's probably not as much as you should be spending, because of the situation you're in, if you see what I mean! You should make sure you put down what you realistically need to live on, and make sure you don't forget anything. I haven't heard of an OR allowing contingencies or gifts for a long time now, but I do think you could definitely up clothes to £120 or so and housekeeping to £400. They ask for TV licence separately and cosmetics etc would be in with the housekeeping. Put DVD rental separate too. I couldn't see prescriptions either (£10 each usually).
Hope that helps a little! I've just finished 'negotiating' with my examiner over our IPA, so am used to working on these flipping things!! Tee hee
C. x |
| Needafriend |
Posted - 25 October 2008 : 15:50:19
Hi Nicki
Put down what you actually spend now but make sure that it is enough to live on per month, as things are getting more expensive and you dont want to be living on the poverty line so to speak.
Make sure you give yourself enough food money etc and include everything that you know you actually need.
There is a rough guideline in my blog on what I&E may be allowed but its out of date, but it can be used as a rough guide.
Best of luck
Jo
x
For more info on how i have come through bankruptcy and for links to help, you can read my blog here called:
Jo's Links and added info on Bankruptcy!
http://debtfreejo.blogs.bankruptcyhelp.org.uk/
|
| nicki.s |
Posted - 25 October 2008 : 15:32:40
These outgoings are just for my husband and me.
I'm not sure if I should be putting down what I think the OR will allow or what I'm atually spending.
Am I best to just put down what my current outgoings really are and let the OR work it out from there? |
| siobhan |
Posted - 25 October 2008 : 03:42:03
looks fine to me!
one of my friend's said her OR increased some allowances as they had underestimated. Fingers crossed in this day and age (what with credit crunch and all bills increasing) they will be fair in the I&Es, as the last thing they want us us struggling again from day one and getting ourselves in similar BR situations again!
Good Luck!
S x |
| BankruptC |
Posted - 24 October 2008 : 21:00:42
Hi Nicki,
How many people is this for? Any children?
C. x |
| Jo. |
Posted - 24 October 2008 : 20:47:31
Hi Nikki
From what i can see so far its getting there.
Its one of those things that if you dont ask you dont get.
So anything is worth a try.
Jo Nye
x
Forum Adviser on behalf of:
www.bankruptcyhelp.org.uk
Tel: 0800 078 9367
You can read my blog for other information here:
http://debtfreejo.blogs.bankruptcyhelp.org.uk/ |
| Reviva UK |
Posted - 24 October 2008 : 20:39:28
I am unsure about the Bankruptcy helpline over the weekend but for emergencies the Reviva UK contact page will get a response at weekends .
take care
Paul Johns
Assisted Bankruptcy Specialists
Reviva UK
For a Free Impartial Review before taking the leap call me @ Reviva UK
www.revivauk.com |
| nicki.s |
Posted - 24 October 2008 : 20:36:36
Wow. Thanks everyone. I'm starting to feel better already.
My appointment is at 12 on Monday and I'm feeling much more positive.
Just had a bit of a wobble the other night.
The docs I found on insolvency.gov.uk were very useful
http://www.insolvency.gov.uk/freedomofinformation/technical/TechnicalManual/
Also my husband has been in touch with Paul Johns who has been an absolute star.
The figures my husband and I worked out (we're going bankrupt together) are as follows:
Rent £620
Housekeeping £486 (Weekly shopping £300, Toiletries/Cosmetics £15, Gifts £51, TV License £12, DVD Rental £8, Contingencies £100)
Gas, Electric, other £115 (Electric £90, Winter Fuel (ie Wood) £25)
Water £23
Telephone £70 (Landline £15, Broadband £20, Mobiles £35)
Travel £310 (Train travel £50, Petrol £230, Parking £30)
Clothing £50
Maintenance Nil
Council Tax £100
Other Essentials £230 (Car Insurance £17, Car Tax £15, Car Maintenance £30, Breakdown Cover £10, Opticians £40, Dentist £9, Dry Cleaning (suits for work) £44, Contents Insurance £10, Holidays £30, Haircuts £25)
Having had advice from Paul we know some of these are a bit unrealistic but it would be interesting to see what the rest of you think.
Is there anything we should include which we haven't?
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| 369 |
Posted - 24 October 2008 : 16:44:51
Hello,
You could always post your I and E's on here, and see what responses you get from everyone. We have all been through it, so could prob help you out.
But, I would ring the helpline as well, to get more upto date figures from them....and what the OR's are allowing and not allowing - although it does seem to differ alot!
Good luck, we are all here for you. |
| Needafriend |
Posted - 24 October 2008 : 09:52:18
Here here!
Good luck for Monday. :-)
Thats the day the sun shines and the cross roads become a straight road and the road is no longer a winding one either!
LOL
Jo
x
Please visit my blog for info on how I got here and other information to guide you through from my experience called:
"Needafriends Links and added info on Bankruptcy!" available to view at:
http://debtfreejo.blogs.bankruptcyhelp.org.uk |
| movin on |
Posted - 24 October 2008 : 09:48:39
Hi Niki.s
I just wanted to wish you luck for Monday - i know you probably wont believe anything you are told about the br day (as i didnt previously), but it really is nothing to worry about. The court staff are very nice and you will be out of there on monday on the journey to starting your debt free life.
What time is your appointment?
Jenny
xx
The weights are coming off my shoulders very slowly, but making such a big diference !! |
