My tv went wrong over xmas and I've managed to rent a replacement. Is there any guidelines as to the allowance for this or do I just enter the amount I pay and see what happens at the annual review?
Surprised you have managed a rental --- not sure if the IP will allow this as an added expense ( usually such things are covered by getting a break agreed and added on to the end ). But, always worth a try.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
When in my IVA I always found to discuss with my IP about these things first worked as I had a payment break to buy a new washing machine then caught up the amount.
Hope your IP allows the added expense.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
Being, presumably, contractually bound, the rental allowance would be whatever the rental is, going into an IVA. However, to get it added in post acceptance might be a struggle, depending upon the attitude of your IP / firm.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Creditors don't like TV rental - typically you'd be given a payment break to purchase a TV and then make up the payments at the back end.
Also, £70 per month is an awful lot to pay for a TV, when you can buy a decent LCD TV from Tescos for about a £100, I'd be very surprised if they accepted it during an IVA.
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I work in insolvency as an IVA Drafter. I've been working in this industry for over 7 years and have seen every scenario you can imagine. I am experienced & knowledgeable in this field, so if I can offer any assistance to anyone, I'll be glad to help.
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The opinions posted in this forum are mine alone and not those of my employer (though I'm sure they'd agree with me!)
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I agree with Dave. £70pm is a lot! Option 1) would be to have a chat to your IP about it. Option 2 would be to record it on the next I&E form on the understanding your Supervisor may challenge it.