Hi Denise ... basically you can't. they don't publish the guidelines. However, there is a very useful guide on the beatmydebt website ( Living Expenses Guide) that uses figures very close to those used by my IP.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Agree with Foggy - you need to put down exactly what you spend and your IP will tell you whether or not this is allowable or not.
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
Hi, when we were first thinking about entering an iva, I went on the CCCS website and did their debt remedy. I found that when I inputted costs based on the size of our family/household, if I put a high figure in it would come up with a message saying what the acceptable expenditure limit was for a household of our size. The debt remedy is confidential and you don't put your name or address on, just all of your income, expenditure and debt details.
When you are discussing your situaton with a couple of chosen companies you can ask them for some guidelines - some companies are happy to discuss them with you.
regards,
Regards, Tina Shortland, Debt Advisory Manager for Melanie Giles at Debt Advice TV.
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Many thanks Foggy, Kallis3, KatiKat (will go in and give your advise a try, cheers) and Tina S, for the advice, I was wondering why I couldn't find anything, Just wondered where people got their figures from and if I was being given the right figures in 2009 and if they had gone up (as my cost of living has!!!!!). Thanks for your help guys, its great to know there are people out there that care. Just going into year 3 now so I make it a very slow 36 months to go. Hope u all get on well with yours, xxxx
On google UK type in 'cccs guidelines 2010'. Remember they are guidlines, so they are not set in stone. The IP may agree, or not, but if you show just cause then go outside of the guideline amount then that is it. However, this depends on your Insolvency practitioner. Whilst they work for and are paid by you, your IP will lean toward Creditors, his/her job is to get as much money as possible for creditors.
Not sure where you get that idea from snuggzzz - IPs are independent and don't work for either side more than the other. It is our job to properly assess our clients expenditure, and jistify those levels to creditors.
I'm not sure about that either. An IVA is about affordability and is also about being able to live within your means whilst providing your creditors with a return.
Ultimately it is the creditors who will decide whether or not the expenditure is allowable and if they don't agree with it then it will have to be lowered or got rid of.
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 recall saying this on another thread recently, but I use an excel spreadsheet for our family budget and use the figures on this for my income and expenditure, because that is exactly what I spend, no website or guidelines can tell me what we earn or how it is spent.
I've always put down what we spend and have never had a problem. I'd never heard of the guidelines before starting mine.
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
Thank u very much snuggzzz, your a diamond, i googled it and got the list too, excellent read and some of my figures are a lot lower than even the cccs guide. No wonder why I couldn't afford things, but with a slight wage increase I can now hopefully argue for the extra bits to help me live a little better. Good luck and thanks very much.
