My wife and I have an IVA and we are really struggling

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Peter & Maureen

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Post by Peter & Maureen » Sat Apr 25, 2015 10:06 pm
my wife and I have an IVA and we are really struggling what are the maximum monthly expenditure allowances we are allowed for things like phone broadband, tv subscription, travelling to work expenses, car spares/servicing, housekeeping, sundries/emergencies,
 
 

Foggy

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Post by Foggy » Sat Apr 25, 2015 10:14 pm
Most expenses are dictated by what you actually spend. But things like car servicing £30, housekeeping you will get a maximum, currently £354 for a couple, sundries / emergencies £23.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
 
 

Michael Peoples

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Post by Michael Peoples » Mon Apr 27, 2015 9:11 am
If you wnat the guideline figures send me an email and I will send them to you. This will allow you to see what you can claim for and hopefully ease the pressure. Your IP can usually allow a reduction in payments of 15% without creditor approval so speak tt ehm also.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
 
 

plasticdaft

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Post by plasticdaft » Mon Apr 27, 2015 9:15 am
How far into the iva are you and were you happy with the figures to start with or have things changed?

Sometimes unrealistic expenditure figures are used to push an iva through but it soon becomes clear some budgets are way too tight.

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

Adam Davies

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Post by Adam Davies » Mon Apr 27, 2015 9:17 am
Hi

Are you with Stepchange or Payplan ?

Regards
Andam Davies
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