Guidance on allowable expenditure

Get expert opinion. This is the place for new questions to be posted.
4 posts Page 1 of 1
Post Reply

maria564

User avatar
Posts: 1
Joined: Thu Jan 28, 2021 3:44 pm
Post by maria564 » Thu Jan 28, 2021 3:44 pm
Quote
Hi,
I am trying to put together budget for IVA application . Where can I find a guidance for what is reasonable spending? How much to put , so it is accepted?
Top

Foggy

User avatar
Posts: 33396
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom
Post by Foggy » Thu Jan 28, 2021 3:50 pm
Quote
You need to put what you actually spend --- sometimes we are allowed over the guideline figures with a reasonable reason. Your prospective IP should tell you if any figures are OTT and discuss this over the phone.

The guideline figures are rarely published ( the last one I managed to get was in 2015 ! ).
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Top

Foggy

User avatar
Posts: 33396
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom
Post by Foggy » Thu Jan 28, 2021 3:55 pm
Quote
There's one in a similar ballpark here: http://www.thedebtmen.co.uk/pre-agreed- ... uidelines/
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Top

Foggy

User avatar
Posts: 33396
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom
Post by Foggy » Thu Jan 28, 2021 3:59 pm
Quote
These are 2014 --- still broadly similar to todays..... https://www.mccambridgeduffy.co.uk/arti ... uidelines/
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Top
Post Reply
4 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”