| Author |
 Topic  |
|
|
introuble
Junior Member
United Kingdom
226 Posts |
 Posted - 10 June 2008 : 13:11:31
|
Hi,
Having discussed and mulled over the pros cons etc I have now decided that the BR process is my way to a new start. Has anybody got a list of allowables. I have looked at Skippys but just wondered what the realistic figures are for a family. 2 adults and 3 kids. I know what we are surviving on but could really do with know what in terms of the OR is a realistic amout.
I am basically looking at winding up my business (failed) and returning to work. The only way this is viable is to declare BR. I have spoken to Melanie, Julian and Paul Johns who have all been great and all directed me down this route and it has onyl really been my stubbornness/pride that has stopped me going BR before now.
The crazy thing is that I had landed a great job/good prospects but I cannot take it as a BR so I don't know yet what I am going to do but need to get this process done.
Apologies if the Allowables are somewhere else on the Forum but I could not find them. |
|
|
JulianDonnelly
Junior Member
United Kingdom
325 Posts |
Posted - 10 June 2008 : 13:21:59
|
Hi Introuble,
A formal list of allowable expenditure won't be located anywhere. If it was available, the OR would find that everyone has the same expenses. I would suggest putting realistic figures + 10% and you should be fine.
Regards
Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk |
 |
|
|
Skippy
forum expert
United Kingdom
3290 Posts |
Posted - 10 June 2008 : 16:12:51
|
I put down what I actually spend. I was very surprised to be allowed such a high food/housekeeping budget though and I was ready to justify it but I didn't have to.
The best advice I can give you is be honest - if you spend it put it down, the OR can only say no.
Tomorrow is a mystery, yesterday is history, today is the present, a gift to make the most of.
View my blog at http://skippy13.blogs.bankruptcyhelp.org.uk/ |
|
|
|
melanie_giles
Senior Member
1191 Posts |
Posted - 10 June 2008 : 23:39:25
|
You should put down what you spend, but the CCCS guidelines which are widely used in our industry provide minimum and maximum allowances. I can e-mail a copy of this matrix to you if you contact me via my website.
For an informal chat about any financial difficulties, or advice as to the options available, I can be contacted via my website - www.melaniegiles.com |
|
|
|
Skippy
forum expert
United Kingdom
3290 Posts |
Posted - 11 June 2008 : 09:35:01
|
Does the OR go by these guidelines? I thought that BR allowances were more generous than IVA allowances.
Tomorrow is a mystery, yesterday is history, today is the present, a gift to make the most of.
View my blog at http://skippy13.blogs.bankruptcyhelp.org.uk/ |
|
|
|
melanie_giles
Senior Member
1191 Posts |
Posted - 11 June 2008 : 14:01:14
|
I think they are starting to be used, Skippy.
For an informal chat about any financial difficulties, or advice as to the options available, I can be contacted via my website - www.melaniegiles.com |
|
|
|
Skippy
forum expert
United Kingdom
3290 Posts |
Posted - 11 June 2008 : 17:00:15
|
I was obviously lucky then as I got very generous allowances - not that they seem so generous the way prices are increasing!
Tomorrow is a mystery, yesterday is history, today is the present, a gift to make the most of.
View my blog at http://skippy13.blogs.bankruptcyhelp.org.uk/ |
|
|
|
introuble
Junior Member
United Kingdom
226 Posts |
Posted - 11 June 2008 : 17:05:28
|
Hi Melanie,
I have put the request in through your website.
Darren |
|
|
|
sueann
Junior Member
United Kingdom
300 Posts |
Posted - 11 June 2008 : 17:10:47
|
Me too.
Sue. |
|
|
|
Reviva UK
Advanced Member
United Kingdom
2452 Posts |
Posted - 11 June 2008 : 20:35:39
|
You may find a chat with a br assistance specialist useful as between Bretts compoany and Reviva Uk we probably help 30 people a month through Br.
So if you call with the court location probability is that we will be able to guide you through the regional variations etc.
good luck
Paul Johns
Assisted Bankruptcy Specialists
Reviva UK
www.revivauk.com |
|
|
|
melanie_giles
Senior Member
1191 Posts |
Posted - 11 June 2008 : 23:15:12
|
Hopefully you have both now received the documents I asked my staff to e-mail to you.
For an informal chat about any financial difficulties, or advice as to the options available, I can be contacted via my website - www.melaniegiles.com |
|
|
|
introuble
Junior Member
United Kingdom
226 Posts |
Posted - 12 June 2008 : 06:51:37
|
Hi Melanie,
All received many thanks.
Darren |
|
|
|
sueann
Junior Member
United Kingdom
300 Posts |
Posted - 12 June 2008 : 09:14:44
|
| Received with thanks melanie. |
|
|
| |
Topic |
|
Allowables
