Preparing for an annual review

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louiseh

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Post by louiseh » Tue Oct 30, 2007 8:32 pm
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When preparing expenditure figures for an annual review is it okay to increase the figures by an inflation linked amount? Some areas such as car insurance, mortgage, council tax etc are straight forward to work out, but other variable payments aren't. The reason I ask is that some areas of my budget were determined on the cccs allowable expenditure budget, which seems to be fixed at set figures irrespective of price increases. For example food/ housekeeping £320, real prices increase their budget doesn't seem to.
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MelanieGiles

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Post by MelanieGiles » Tue Oct 30, 2007 8:34 pm
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Yes Louise, it is very fair to include inflationary rises for the areas of expenditure to which you refer. Eveyone knows that the CCCS budget is unrealistic, and now you only have your IP to convince rather than the creditors as well!

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
Regards, Melanie Giles, Insolvency Practitioner
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