BR Forms - Questions

[douglass]

Hi guys, I have a couple of questions regarding the BR forms online!

Question 3.4 is pensions - does this refer to the pension scheme I pay in to (or not!)?

Question 5.1 date debts created / credit cards obtained? I can guess the month and year, but not the specific date. I have input all my card companies, and where it asks for purpose, I just put credit card! Is this correct? For loans I put Personal Loan - Consolidation.

Question 6.7 is how much do other members of your household contribute each month - I lodge with my father - I have to contribute, not him?

Question 10 is other members of your household - do I put my father, as I lodge with him, in his flat?

Q 13 - I don't have debts at my previous address, so is that nothing to declare (I moved about a year ago, but all my bills are at my new address. Part 2 - I have never been in business - what do I put?

If anyone can offer any help, I would really appreciate it. Also, Brassic, if you are on, can you point me to monthly expenditure - not sure what will be allowed? Thanks!

D.

[katy]

Hello Douglas,
Re your pension that is indeed one that you are paying into.

I had trouble with all the dates of credit so I put a guess in and explained it to the OR in my interview, he doesn't mind if you are unsure but he does need to ask. I also put credit card in the bit where it asks what it's for and he didn't question it. He's only really interested in any loans you have it seems.

If you are the only contributor then say so but make sure you mention who you live with

Other members are you and your dad so put that also

I put nothing to declare in the business section and moved onto the next bit.

Remember in your interview, if the OR asks, this is your time to add bits he may need some clarity on and you will have the opportunity to fill him in.

Hope this helps, im going off what I put on my own forms but everyone's perception of the forms is different

Good Luck!

[Skippy]

Right, lets see what I can remember - I can barely remember what I was doing yesterday, let alone 6 months ago but I'll have a go!

3.4 - List the details of any pensions that you have whether you are paying into them or not.
6.7 - work out the total household budget for the month, deduct what you pay and you are left with your father's 'contribution'.
10 - yes.
13 part 2 - I think you can put nothing to declare there but I'm not sure - hopefully someone else can help with that.

Regarding your monthly expenditure list what you actually spend, not what you think will be allowed. Make sure you include things like haircut, opticians and dentist as well as the obvious things! I was allowed £20 per month for a holiday! I have listed the things that I was allowed in my blog, but remember each OR seems to look at things slightly differently.

Yesterday is history, tomorrow is a mystery, today is the present - a gift to make the most of.

View my blog at http://skippy13.blogs.iva.co.uk/

[BrassicLintus]

Hi Douglass, as Skippy says, you need to work out exactly what YOUR living costs are. Remember to include everything (down to the last pence!) - I didnt and have had to phone the OR about 5 times now to add stuff!!!! If you post your I&E then maybe I could put a few pointers your way (and that way you can also check if you've included everything!). To get you started, generally single persons household budget allowance would be around £200.

Sam

[iva experts]

Hi Douglass,

Answers:

3.4 - Yes you will have to put down the details of your pension scheme
5.1 - When it asks for purpose I believe they will want to know what you spent the money on eg: Clothes, holidays, new car, general living, balance transfers, consolidation etc.
10 - Yes include your father as a member of the household

With Question 13 do you mean you have no assets to declare? Im a little confused.

Best Regards,
IVA Experts
http://www.iva-experts.co.uk/

[Skippy]

Sorry, I missed out 5.1! I applied for a copy of my credit file and got the information from there - it had all the dates on it so it made life a lot easier. If you go to www.annualcreditreport.co.uk you can get a free credit report once a year. It's not great but it served it's purpose for me.

Yesterday is history, tomorrow is a mystery, today is the present - a gift to make the most of.

View my blog at http://skippy13.blogs.iva.co.uk/

[douglass]

Thanks everyone - much appreciated. Now, regarding I&E,,,! This is what I have got so far,,,,:
Rent £150
Food etc £300
Gas/Electric £50
Telephone £35
Clothing £60 (I have to buy specialist clothes!)
Dentist / Medical £20
TV License £10
Holiday £20 (family in Eire)
Hair £25
Pet Care £60 (food and grooming)
Foot Care £25 (medical condidition dictates)
Smoking £50 (usually £150+, but guess not allowed)
Travel to work £125

Can't think of anything else. Does this sound reasonable. Obviously, the wild nights out have been omitted (as they won't be happening for a good while now,,!).

Also, I have had to draw the money out on a credit card to declare my BR - is this against the law? Will the OR take a dim view of this? Any advice appreciated. Thanks. D.

[MelanieGiles]

I am sure that this payment will be overlooked on this occasion by the OR, given the circumstances.

Smoking will not be allowed, or pet care, and food etc at £300 for a single person is too much - but perhaps this is for a couple - I am not sure what your circumstances are. £60 for clothing is also too high for a single person, and holidays will also not be allowed.

Notwithstanding my comments, you will probably only pay between 50% and 70% of your surplus to the Trustee, leaving you some money to fund these items in any case.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp

[ray_a]

In fairness on another thread visits to the family living overeas were allowed by the OR so I would take the word holiday and put travel costs for the family!

[Adam Davies]

Hi
I thought that a holiday alowance was allowed in bankruptcy ?

Andy Davie
IVA.co.uk Spokesperson

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp

[scaredkez]

it seems some OR's allow it and others not, mine did if you remember and upped it from £50 per month to 150.
kerri

Please view my blog at: http://scaredkez.blogs.iva.co.uk/

[MelanieGiles]

I think the trick is not to call it holiday allowance, Andy.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp

[BrassicLintus]

I put holiday allowance down as £50, and when OR asked I explained that parents live abroad but he decreased it to £20 (said he understood but the rest of the money would have to come out of my surplus - which is fair enough). The only thing I can see the OR questioning is that you say you lodge with your father - so do you pay only half the bills? But, for example, you have £10 as TV licence (do you pay it all?) As Melanie says the pet care is probably too much and as I was told by my OR the food/household allowance for a single person is generally £200 (I too had put £300 but had included other things which I then had to list separately). But if you keep your I&E as it is, the OR will modify it when he goes through it with you. Some areas may be upped but some expenses may be cut! And as Melanie says, if you are have enough surplus to pay an IPA, then you will only pay 50%-70% (hopefully leaving you enough to fund your smoking and enjoy the odd pint!)

[scaredkez]

i must admit reading other posts my or has been quite lenient with me, i think more so in light of the ages of my children, he just said you have to live and my job is to make sure you live realistically without falling into this predicament again,he said everyone is entitled to holidays regardless, but wouldn't allow my car which is really nothing compared to what some of you guys are going through, ok we are not on great earnings, but we are managing better than before, and i must admit i am not missing credit at all, if i aint got it we can't have it, might not be like that in the next couple of months coming up to xmas, but if i made it through last xmas i can make it through any.
good luck all
kerri

Please view my blog at: http://scaredkez.blogs.iva.co.uk/

[douglass]

Melanie, Ray, Andy, Kerri, Brassic - thank you all so much. I put £300 for food as I am classified as super morbidly obese (seriously, and I know it's my own fault - perhaps a bankruptcy diet might help me lose some weight!), and my food bill does come to, or even exceed, £300 a month, and £60 for clothes as I have to shop at specialist shops (a cheap pair of basic work trousers can cost over £40, plus alterations!). I pay the TV license, as my Dad pays for the sky and landline, thankfully!
I know I have said before, but thank you all so much - it's just such a comfort to know that I can ask questions, which, quite frankly, I couldn't ask anyone else. Thanks guys. D.