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EVERTON74
Starting Member
United Kingdom
5 Posts |
 Posted - 10 March 2011 : 11:35:15
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| I just been made Bankrupt and have had my interview with the reciever. Based on my I&E submitted with my Bankruptcy which was based on my current circumstances (living on my own)he has suggested an IPA for £394 a month. Within the next few weeks I will be moving in with my partner and her 2 children so my circumsatnces and I&E will change. How do I calculate my new I&E. My income will account for apporox 70% of the household income, do I assume that I will be responsible for 70% of the outgoings (rent, gas, electric, food etc.) I would like to know how the I&E will be calculated before speaking to my reciever. |
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debtinfo
forum expert
2826 Posts |
Posted - 10 March 2011 : 13:22:20
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| yes, they will take your income deduct 70% of the jint household expenditure, then deduct any of your own sole personal expenditure and what is left is your surplus |
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EVERTON74
Starting Member
United Kingdom
5 Posts |
Posted - 10 March 2011 : 14:56:34
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| Thanks for that. Can anyone give me any guidance regarding housekeeping allowance (food etc). I'm looking for a guide figure for a family of 4 (2 adults, 2 children) per month. I am only looking for guidance as I don't want to put to much or to little in my I&E |
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debtinfo
forum expert
2826 Posts |
Posted - 10 March 2011 : 15:08:19
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| what do you normally spend each month |
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EVERTON74
Starting Member
United Kingdom
5 Posts |
Posted - 10 March 2011 : 15:29:52
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| As I explained in the first post I don't move in with my partner for a few weeks so not sure how much we will acually spend. There will be 2 adults, my partners 2 children all of the time and my 2 teenage children one day per week and every other week end. I have provisionaly put in £200 per week (£55 per adult, £30 per each of my partners children and £15 per each of my children). Does this seem reasonable? |
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debtinfo
forum expert
2826 Posts |
Posted - 10 March 2011 : 16:50:28
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| I would think about £600pm in total would be nearer the mark |
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Crazee67
New Member
United Kingdom
88 Posts |
Posted - 10 March 2011 : 18:55:29
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For info we have 2 adults, 2 x teenagers and a toddler and spend about 550.00 per month I dont know if this helps you
Mine's a double |
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EVERTON74
Starting Member
United Kingdom
5 Posts |
Posted - 11 March 2011 : 12:47:26
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| Thanks for that. Anybody offer any help on the rest of I&E |
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EVERTON74
Starting Member
United Kingdom
5 Posts |
Posted - 17 March 2011 : 14:40:12
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Can anybody advise whether the amounts on my I&E seem reasonable. My household includes 2 adults, my partners 2 children (aged 6 & 4) and my children (aged 13 & 11) once a week and every other weekend. All figures per month:-
Housekeeping - £800.
Gas & Electric (on pre pay meter) - £160
Fuel - £200.
Car Maintenance - £100.
Clothing - £200.
Holiday - £100.
Childrens swimming lessons - £50.
School Dinners - £20.
Meals at work - £20.
Thanks |
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Topic |
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I would like to know how I&E will be calculated
