no budget for presents or perscriptions

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L36

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Post by L36 » Tue Apr 08, 2008 11:00 pm
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iF WE DO DECIDE TO DO AN IVA THE AMMOUNT THEY ARE PROPOSING DOESN'T BUDGET FOR ANY PRESENTS OR OUR PERSCRIPTIONS CAN WE INCLUDE THIS IN OUR EXPENDITURE?
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MelanieGiles

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Post by MelanieGiles » Tue Apr 08, 2008 11:02 pm
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Hi L36 and welcome to the forum

You will be allowed a reasonable amount for prescriptions - based upon what you actually spend, but presents will have to be funded from your allowances as they cannot be specifically provided for.
Regards, Melanie Giles, Insolvency Practitioner
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pm5

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Post by pm5 » Tue Apr 08, 2008 11:13 pm
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Hi L36, presents are classed as luxuries & IVA's will only really allow essentials for expenditure.
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