Here is MY list. Anything on this list they will frown at?...
Mortgage/Rent
Council Tax
Water
Telephone
Mobile Phones
Gas
Electric
House ins
Pension
Housekeeping
Loan
HP loan
Maintenance
Parking
School Meals
Children’s Activities
Tuition fees
TV Licence
Sky/Internet
Clothing
Health Care
Vehicle Tax/MOT
Vehicle Insurance
Vehicle Maintenance
Travel/Petrol
Life Assurance
Pets/Insurance
Meals at work
Tobacco
Union fee
Holidays
Dry cleaning
Auto rescue
Hairdressers
Entertainment
F&F accepted Feb 2011
Live in the moment.
Living in the future in your head means you live on fantasy and fear!
It depends on your justification, amount claimed and your creditors. How much are you claiming for holidays and entertainment, and are there any personal reasons you're giving for those?
You will be given a contingency allowance to cover any emergencies or unexpected expenses, but you may be asked to fund luxuries from your housekeeping allowance.
I don't think you will be able to claim for a holiday - if you want to go on one, then it will have to be funded by savings from other allowances or someone else paying for you.
Some of our posters do the Sun £9.99 ones.
What is the loan you have put down and what is the healthcare you are claiming for?
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
from research a holiday is allowed.
If you put by a modest sum for an English break that can be justified.
The advice is a £70 a month saving.
You can't be expected to not have a holiday in 5 years. plus the housekeeping being £450 is tight enough for essentials...
F&F accepted Feb 2011
Live in the moment.
Living in the future in your head means you live on fantasy and fear!
entertainment is things like cinema, bowling etc.
Children Activities: Scouts etc school trips, after school clubs etc.
Tuition fee's for extra help if the child has learning difficulties or just needs help to keep up?
F&F accepted Feb 2011
Live in the moment.
Living in the future in your head means you live on fantasy and fear!
You will not be allowed an allowance for a holiday - you can in bankruptcy, but not IVA. You have to save for this from your allowances.
A lot of people do go for five years without a holiday.
You can have a modest allowance for entertainment, I think we have one but I can't remember what it is offhand.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
I'd be very surprised if your creditors allowed a £70 per month holiday allowance. It's up to your IP whether or not they propose a separate entertainment allowance or make sure that some leniency is included in your housekeeping.
Unless your child had learning difficulties I can't see how you would justify a tuition fee allowance either, but as your IP has a better knowledge of your situation I'm sure they will give you more advice on this.
As Jan quite rightly points out, I assume that the loan is a secured loan taken prior to the IVA being accepted?
A lot of this will depend on your creditors - as we've recently discussed here on the forum, TIX seem to be especially picky with the larger IVA companies at the moment. Best of luck though - I really hope that whatever you agree on is affordable and reasonable.
I am sure we would all love £70 a month towards a holiday. It's never going to happen though.
His loan is a gym membership Liam.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
I would think you could claim for tuition fees with supporting evidence such as an educational psychologists report for a child with learning difficulties, but a slow child would just need a bit more help from their parents.
Interesting how peoples lists are different from each other. We are not allowed activites for the children, although this month our youngest has joined the after school football club which has cost £15. For us this gets taken off something else like, less food. I was hoping that as it is one off the nights my child-minder collects I would have a saving there, but when I questioned the bill she gave me she said that I have to still pay for him, although he is not there as he is under 8 and taking a space. Can't deprive them off there actvities as well, but I do feel that our allowances could of been made better hearing all off your comments. But I guess if that happened then we would'nt be paying much to the creditors and this after all is what this process is about.
Sam
F&F accepted 12/8/13 - Awaiting Completion Certificate
Thanks to everyone for your support. Could'nt have done it without you.
I think you have to put down what you feel is a sensible amount for each category. Yeah IP's do have guide lines to work with in, but i guess they have to look a the bigger picture.
Like if you have a good income coming in and you can still pay a fairly good return to your creditors than you might get away with a bit more on certain things.
Like everybody says its your proposal being guided by your IP, so if you feel thats what you want put foward at your creditors meeting than put it down.
They (the IP's) dont get a penny if its not excepted so you have to work with them on some things!
Reading about what other people have disclosed, and claimed for is somtimes a bit of a eye opener.
For example, some people are given an allowance if they smoke, although this does vary from IP to IP.
What is accepted isn't down to the IP though - you find sometimes that some allowances will be reduced, and others cut totally. That's down to the creditors.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
I dont understand why after 48months you are trying to now claim for things like holidays. We didnt realise we could have an allowance for haircuts but I will be putting this on my list next May as upto now I have funded them from the housekeeping and going short for that week.
