www.iva.co.uk

Hi All

I know this is really a question for the BR forum, however my login on that site does not work for some reason. What I would like to know is the limits in relation to income and expenditure for BR.


Thanks


John[:)] For once cheerful as it is the weekend

When you are completing the I & E for BR you need to put down what you actually spend, rather than what you think you'll be allowed.

The allowances in BR are more generous than in an IVA, so make sure you put down everything you spend - the OR may disallow some things, and if they think something is too high they will reduce it.

Generally if you have less than £100 overall surplus per month, the OR will not seek any form of ongoing payment order. Above that, then the level of payments to be made is entirely at the OR's discretion.