CCCS&Payplan expenses guideline 2007

[MelanieGiles]

But what is he basing that on? And you try getting that accepted by some of the creditors these days!

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

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[cr15py]

Well, I put the £200 down as a provision for myself, when I include cleaning materials, etc, etc then I probably do end up spending between £35-45 per week on shopping. The clothing is high, because I don't really buy clothes that often, I maybe go mad in Matalan one month and spend £30 on 4 or 5 new items, and a pair of shoes maybe lasts me 3-4 months (£10 per pair - don't go for the expensive ones).

But I am concerned that you think that some creditors won't go with those provisions.

[MelanieGiles]

You and your IP need to be aware of the CCCS guidelines which are used by the majority of creditors in assessing allowable expenditure. For a single person this is deemed to be £140 and for clothing £20 per month.

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

[caraf]

Do the CCCS guidelines allow you have a misc expenses money per month

[Andrew Graveson]

Hi caraf,

I stand to be corrected on this but my understanding is that all expenditure either needs to fit within predetermined levels or be justified specifically with a comment.

As such "misc" expenses probably would not be OK - the individual would need to state what these "misc" expenses are and why they are necessary.

Andrew Graveson
Mortgage Broker & Bright Oak Debt Management
andrew@brightoak.co.uk
www.brightoak.co.uk

[MelanieGiles]

There are areas such as Sundries and Emergencies and Sports, Hobbies and Entertainment which could be defined as miscellanous expenditure.

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

[james.c]

i think the figures on what is allowed should be made public can we not campaign for this?

After all we have to show all our creditors we work of, so why dont they show us what they work of

no matter how bad money gets, theirs stll alot more important things in life

[MrsPurple]

Have the guidelines been updated, and can anyone post them?