What happens if proposal budget is wrong?

[sammysmith]

font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by langerbridge

Sammy to be fair now is the time to make time with receipts. Unless you know what you are spending & stick to a budget it can create massive problems - no credit to help out!! I have been in a situation where I literally had no more than £10 for the last week of a month to live on.
Good luck with the journey!

A bus ticket costs sammy £5.40 per day. Sammy travels on average (not always, but on average) 7 days a week 6 for work and one for play- she also travels to meetings and conferences ad-hoc. That is £150.20 per month. I don't have the tickets to prove it as it can vary. I have a few and it is going to have to be averaged out. That is the nature of my job- I don't have the choice...

[Daveyboi]

Sammy,

I can tell the reason you're posting so panicky is because it is playing on your mind and you don't know what to do. I have an observation from this, purely a personal viewpoint, and a few things I have suggested before and will be leaving as a parting suggestion for your good self for tomorrow.

Observation: When I spoke to my IVA company they went through with me they talked through with me my incoming and my expenditure form on the phone. They broke it down step by step with me to ensure I was breaking it down far enough and by the end of the call I felt confident in what to include and what not to include. I personally feel if your IVA company has got you as far as proposal stage and you are having so many doubts or confusion then they are either not explaining it to you at all or they have perhaps failed to simplify it enough for you to be confident with what you are doing. If that was me in that situation I would speak to two other companies to see if the current company is right for me.

Suggested course of Action if you chose to remain with your current IP

1) phone your IP in the morning and put forward your new I&E amounts as you have told us but at the amount you "actually" spend not what you think will be accepted.
2) Explain your concerns about what allowances to put forward and ensure you have all the standard allowances on there as you do not want to miss anything out that causes you to struggle during your IVA 5 year or potentially longer period.
3) Ask them if with the I&E as it stands they would be willing to submit it for creditor approval and do they think its got a good chance of acceptance.
4) If they say yes then put it forward. Do not start reducing things at that stage to "look good". If the creditors are unhappy with any of your actual figures they will ask for a reduction at the creditors meeting.
5) Breathe deeply and let the IP do their job

I sincerely wish you the best of luck and wish I could give you a hug and give you reassurance. In the meantime get your head down and tomorrow will be a brand new day and hopefully everything will come together for you.

[sammysmith]

font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by Daveyboi

Sammy,

I can tell the reason you're posting so panicky is because it is playing on your mind and you don't know what to do. I have an observation from this, purely a personal viewpoint, and a few things I have suggested before and will be leaving as a parting suggestion for your good self for tomorrow.

Observation: When I spoke to my IVA company they went through with me they talked through with me my incoming and my expenditure form on the phone. They broke it down step by step with me to ensure I was breaking it down far enough and by the end of the call I felt confident in what to include and what not to include. I personally feel if your IVA company has got you as far as proposal stage and you are having so many doubts or confusion then they are either not explaining it to you at all or they have perhaps failed to simplify it enough for you to be confident with what you are doing. If that was me in that situation I would speak to two other companies to see if the current company is right for me.

Suggested course of Action if you chose to remain with your current IP

1) phone your IP in the morning and put forward your new I&E amounts as you have told us but at the amount you "actually" spend not what you think will be accepted.
2) Explain your concerns about what allowances to put forward and ensure you have all the standard allowances on there as you do not want to miss anything out that causes you to struggle during your IVA 5 year or potentially longer period.
3) Ask them if with the I&E as it stands they would be willing to submit it for creditor approval and do they think its got a good chance of acceptance.
4) If they say yes then put it forward. Do not start reducing things at that stage to "look good". If the creditors are unhappy with any of your actual figures they will ask for a reduction at the creditors meeting.
5) Breathe deeply and let the IP do their job

I sincerely wish you the best of luck and wish I could give you a hug and give you reassurance. In the meantime get your head down and tomorrow will be a brand new day and hopefully everything will come together for you.

I do suffer with nerves. I am trying to stay focussed and calm- but losing half a stone this week shows just how much I am actually bricking it.

I will phone my case officer tomorrow and go through everything with them. May get them to call me on my lunch so I can sit by my expenditure spreadsheet.

I would appreciate a hug so much actually. You people are very sweet [:D]

[sammysmith]

font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by Daveyboi

Sammy,

I can tell the reason you're posting so panicky is because it is playing on your mind and you don't know what to do. I have an observation from this, purely a personal viewpoint, and a few things I have suggested before and will be leaving as a parting suggestion for your good self for tomorrow.

Observation: When I spoke to my IVA company they went through with me they talked through with me my incoming and my expenditure form on the phone. They broke it down step by step with me to ensure I was breaking it down far enough and by the end of the call I felt confident in what to include and what not to include. I personally feel if your IVA company has got you as far as proposal stage and you are having so many doubts or confusion then they are either not explaining it to you at all or they have perhaps failed to simplify it enough for you to be confident with what you are doing. If that was me in that situation I would speak to two other companies to see if the current company is right for me.

Suggested course of Action if you chose to remain with your current IP

1) phone your IP in the morning and put forward your new I&E amounts as you have told us but at the amount you "actually" spend not what you think will be accepted.
2) Explain your concerns about what allowances to put forward and ensure you have all the standard allowances on there as you do not want to miss anything out that causes you to struggle during your IVA 5 year or potentially longer period.
3) Ask them if with the I&E as it stands they would be willing to submit it for creditor approval and do they think its got a good chance of acceptance.
4) If they say yes then put it forward. Do not start reducing things at that stage to "look good". If the creditors are unhappy with any of your actual figures they will ask for a reduction at the creditors meeting.
5) Breathe deeply and let the IP do their job

I sincerely wish you the best of luck and wish I could give you a hug and give you reassurance. In the meantime get your head down and tomorrow will be a brand new day and hopefully everything will come together for you.

Should I speak to the IP or the case officer?

[Daveyboi]

You will probably only get to speak to the case officer. During the course of my IVA I have never been able to speak to my IP. This isn't the same for all companies but just in case make sure you are comfortable with the case worker assigned to your case. After your phone call ensure you are right in your own mind that you are doing the right thing and with the right people and only then proceed.

[sammysmith]

font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by kallis3

Your case officer doesn't have a minion - she is the one who is dealing with you. You are unlikely to have spoken to your IP.

I have never been asked to provide proof for any of my expenditure.

Dave - a lot of IVA's now have a smoking allowance but you will never have an allowance for birthdays, Christmas or holidays.

But if sharon is my case officer- how come I always speak to dave, or chas or chantelle?

[kallis3]

It depends upon who answers the phone I imagine - I've always managed to speak to mine on the few occasions I've had to phone up.

Yours may possibly be because you are just in the proposal stage. You will have a supervisor that you are able to contact either via phone or email.

[Nick Payne]

Hi all, I am just catching up on this post.

Sammy if your proposals are wrong then please call in and speak to us straight away, this is a crucial stage and we need to make sure that we are putting the correct proposals through to your creditors.

With regards to who answers the phone when you call. We have teams or people and each case officer has someone to assist them. Whoever answers your call will have all of the information to answer your query, if not then they will pass you onto your case officer. If you prefer to speak to them, then you can simply request this upon calling.

If you have any queries that you would like me to look into for you, then please do not hesitate to email me.

Regards
Nick