www.iva.co.uk

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.

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.

Just to add I'm now with cf and trying to contact them over Xmas.....

I already have a couple of hundred pounds of arrears and I really didnt want to add to thatwith only a year to go

I shall see what happens.

Enjoy your TV and I hope it works out positive for you. We don't have much enjoyment in an IVA so a TV in my mind is a necessity rather than a luxury.

Hi Sprowstonboy - how much are the rental payments?

It's just shy of £70pm, I'm not expecting to get the full amount allowed which is why I ask what the allowance is/would be.

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.

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.

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.