Can the household expenditure be increased to feed four hungry children ?

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MdB87

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Post by MdB87 » Mon Mar 23, 2015 8:27 am
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We have four children, IVA approved in 2014. The IVA company put the household expenditure at £560.00. This does not cover the household food bill will four growing hungry children. 1st annual review in a couple of months, can this be increased.
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Shining

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Post by Shining » Mon Mar 23, 2015 8:39 am
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Hi and welcome to the forum. If you're struggling when you complete your IVA income and expenditure as part of the review I would definitely request an increase. Why not keep a few receipts they may never be needed but just in case to prove expenditure on food.

There are plenty of money saving ideas via this forum too which may be worth a search for as we've all been there honest and I do know it's not easy with ever increasing prices.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
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plasticdaft

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Post by plasticdaft » Mon Mar 23, 2015 9:18 am
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Certainly be prepared to argue the case for an increase, as mentioned maybe keep a few receipts to back yourself up. If you dont ask you dont get.

We had normally 2 decent weeks of groceries then a lesser week then by the 4th week it was tesco beans on toast for a couple of evening meals!!

Needs must during an IVA but whilst eextravagance is out you shouldnt have to starve.

Paul
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
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Adam Davies

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Post by Adam Davies » Mon Mar 23, 2015 9:41 am
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Hi

I would ask for a higher allowance, nothing to lose

What ages are the children ?

Regards
Andam Davies
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Dave Bowman

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Post by Dave Bowman » Mon Mar 23, 2015 9:56 am
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Hi

The max guideline food allowance for 2 adults & 4 kids it £698.

Plenty of scope to ask for a bit more if you're struggling
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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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Bowman

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Post by Bowman » Mon Mar 23, 2015 11:53 am
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hi, the children are aged 5, 7, 8 and 14.
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Foggy

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Post by Foggy » Mon Mar 23, 2015 12:30 pm
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The IP should have up to 15% wriggle room built in without going back to creditors.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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