Income & Expenditure question

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goulda

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Post by goulda » Thu Jun 12, 2008 6:11 pm
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Today I received a letter from Grant Thornton stating there will be no payment change into my IVA but they noted some of my allowances were higher than the "British Banking Guidelines".
Can anyone shed any light on the "British Banking Guidelines" allowances as I am slightly curious?
Also the way the letter reads if I am unable to maintain my current payment I would have to reduce my expenditure to live within the guidelines rather than seek a reduction in payments into the IVA.
A. G. Gould
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MelanieGiles

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Post by MelanieGiles » Thu Jun 12, 2008 8:16 pm
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The must mean the Common Financial Statement or CCCS guidelines. If they are not asking you for an increase, I would not worry about this any further.
Regards, Melanie Giles, Insolvency Practitioner
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