Hi, Tryingto put together an expenses list and any assistance or guidence would be great. In the household are myself and husband 23 year old daughter and hre boyfriend they pay me £80.00 per month board. 4 adults in the household the following are what I have put together for expenses for the month any advise plz. food 500 diesel both myself and husband use car for work 200 gas and elec 130 water 35 council tax 102 pets cat 40 motor issurance 30 mort 1386 life ins 20 2 mobiles 30 virgin tv and internet and land line 45 laundry dry cleaning 20 road tax and mot50 dentist and glasses 50 hair 50 clothing and footwar 100 birthdays christmas etc 60 contingency fund for emergencies 50 holidays 80
Hey toon army, welcome to the forum. Vicki, who is an expert on bankruptcy has just posted her expenditure on the post entitled "keeping creditors at bay", have a little look. I'm sure an expert will be along shortly to advise you too. Viki X
Whilst allowances for expenditure in bankruptcy are far more reasonable and realistic than in an IVA, there are certain things that the OR may have an issue with here.
hair 50 clothing and footwar 100 birthdays christmas etc 60 contingency fund for emergencies 50 holidays 80
I would suggest you re-evaluate this expenditure. Bear in mind that you are allowed a disposable income before the OR wil look at an IPA/IPO, so this should more than cover your contingency fund at least.
what are reasonable expenses?
Posted - 27 May 2008 : 15:29:11
