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can you still rent your tv and video + dvd

When considering an IVA proposal the creditors will take all your items of expenditure into account, and if they think that you have too many non-essential items, then they will ask you to pay more, they won't say "You must cancel the TV/DVD", they'll just say "You have to pay £50 more per month", how you achieve that is up to you.

If your budget is pretty tight though and doesn't have much in the way of non-essentials in it, then probably you'll be allowed these itmes.

Philip Beck

Licensed Insolvency Practitioner and IVA specialist

PBeck,

As you are an IVA practictioner,can you tell me what are the guidlines are to go IVA as opposed to go BR. I need to have as much to spent as possiblely alowed as I have 3 young kids and a gambling debt riddden husband I will divorce soon!

Hi
I notice that the CCCS expenditure guidelines do not have an allowance for rented items but ask the IP to explain any expenses in this dept.
I'm sure that if it is a reasonable figure it will be allowed.
Regards

Andy Davie
IVA.co.uk Spokesperson and Website Manager

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp

Can anyone tell me - In my expenditure I claim an allowance of £12 for TV Licence I also have Sky monthly package of £38 per month which I did not enter as expenditure, I assumed this expense I have to find myself. However early next year my area changes over to digital, will I be able to claim the full £38 as an expense?

A. G. Gould

goulda wrote:

Can anyone tell me - In my expenditure I claim an allowance of £12 for TV Licence I also have Sky monthly package of £38 per month which I did not enter as expenditure, I assumed this expense I have to find myself. However early next year my area changes over to digital, will I be able to claim the full £38 as an expense?

A. G. Gould

In not showing your Sky subscription, you are artificially increasing the Surplus of Income over expenditure. The subscription should be taken in to account. This is something that should have been clearly explained to you and obviously hasn't.

Is the £38 per month the cheapest Sky package that is available?

If not, I would suggest that you switch to the cheapest Sky package available. When the digital switchover takes place, you can get a set top box for less than a month Sky subscription. The set top box is a one off payment and the £38 per month could be put to better use. That said, I know nothing about Sky and any minimum time contracts they have. I would look in to that first.

Tell it like it is.

CCCS allow £21 for a basic Sky package, but I am told that this can be got for as low as £15.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
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If people are going to buy a freeview box they should be careful which one they buy as the majority of them have a single tuner, meaning that once they are switched over to digital they will only be able to record the channel you are watching! It's worth spending a little extra and buying one with a twin tuner as you can watch one channel while recording another.

I have heard that in July this year Sky+ will be the same price even if you have the basic package.

Another thing worth considering, If you have Sky for £5 you can get free calls all day (and overseas) as part of their See, Surf, Speak package. You can also get free broadband, although we can't in this area - the only package we can have is the medium one for £5, which is still cheap.

Yesterday is history, tomorrow is a mystery, today is the present - a gift to make the most of.

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Hi - I think the basic Sky package is now £19 plus £30 installation, that includes the broadband, phone & basic sky tv. You still have to pay line rental to BT

Emily

If you are looking to do an IVA, perhaps you can post your income and expenditure budget on this forum, then we can review it to see whether any of the items are likely to be considered too high.

Don't forget, an IVA is a 5-year payment plan which you'll have to stick to if you want the remainder of your debts written off at the end of it. If you don't think you can stick with it then bankruptcy may be a more approriate option.

The other thing to consider is whether you have enough residual income to offer your creditors a worthwhile return (at least 25 pence in the pound over the 5 years after IVA costs) so this will depend on how much debt you have too.

Philip Beck

Licensed Insolvency Practitioner and IVA specialist

As regards Sky I think it is expensive and prefer top up TV and Sentanta Sports which is about 20.00 and gives me more than enough to watch and allows me a good range of sport, films, and good programmes!