www.iva.co.uk

what are typical expenses for food, beer, rent etc
thanks again for your profetional advice as it is much appreciated

Hi again steack

That depends on the size of your family and personal circumstances with regard to food, toiletries and cleaning materials - which are usually classed as housekeeping.

I am afraid that creditors are not terribly sympathetic about a beer allowance - or smoking - so best not to mention them!

Rent will be in line with your property rental agreement - and this will depend upon the size of your property and the area in which you live. As a general guide, creditors do not like to see housing costs at more than 40% of your take home salary.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk

hi ive just filled out my application for my second attempt at a iva the expenses ive been set for food ect is 450pm thats for 2 adults & 2 kids hope this helps you

Nicky - Why are you having a second attempt an an IVA? What went wrong the first time?

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk

hi melanie
my 1st attempt at a iva was rejected by northern rock due to the equity in our property and our mortage payments being to high to be able to remortage in the 4th yr of a iva

tina your asst is currenlty going through all the paper work with me .
and hopefully you will be able to get my 2nd iva approved for us
thanks
nicky

We'll try our best as ever!

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk