completing the annual review

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floridagirl

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Post by floridagirl » Fri Mar 28, 2008 11:41 pm
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We are nearly 2 years in to our IVA. The annual review is due soon, the problem is we have not been told exactly what we can claim or the reasonable amounts. EG I am trying to support a son at University - he does not qualify for any help because of our incomes - can I claim a monthly amount for him. I do understand the basics eg food etc but a whole lot of other things crop up - eg school trips, uniforms, large vet bills. My mother kindly helps us out but I feel very guilty about this. Is there any information anywhere that I could use when completing the annual review?
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Clare73

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Post by Clare73 » Fri Mar 28, 2008 11:47 pm
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Hello & Welcome,

I am totally naive about this subject but just wanted to say hi.

I am sure an expert will post soon and assist you.

Regards
Clare
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MelanieGiles

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Post by MelanieGiles » Fri Mar 28, 2008 11:55 pm
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Hi floridagirl

You should discuss the cost of your son's further education costs with your IP - and if I were acting for you I would be allowing this expenditure so long as it did not impact upon your ability to fund IVA payments.
Regards, Melanie Giles, Insolvency Practitioner
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