| T O P I C R E V I E W |
| sjbyron |
Posted - 15 March 2009 : 22:25:35
Hi Please help
Im still of sick but planning to go back to work and I no this sounds nasty but with my pastt record of not being able to keep jobs long i dont want an IPA so here is my income and expenditure, would this be allowed and have I left anything out.
Thanks
Stu
Income
£1146 per month from nhs Paid last thursday of the month, tax code 596l
Expenses
Rent to parents - £550 per month includes internet home phone gas elec, bed and board basic foods laundry and council tax
Food and Food for work £130 per month
Housekeeping and general expenses £50
Contingenc£50
Clothing £50
Travel either bus and train (70 miles a day 5 days a week) or use of sisters car £190
Prescriptions £10.25
Thinkbanking £12.50
Holidays £25
Health insurance for Optical and dental £24
Union Fees £10
Nursing Registration fees £12
Further education £25
Total out - £1139
Would this be allowed or have I left anything out, or is anything to high
Please advise
Thanks
Stu J Byron |
| 13 L A T E S T R E P L I E S (Newest First) |
| Melanie.n |
Posted - 16 March 2009 : 15:31:08
No offence taken i can assure you, i just have to be careful as to what i actually write as i would not want people to think i was giveing avoidance advice as that would be wrong of me, professionally speaking. But no offence taken
Melanie Nicholas
28 years insolvency experience - 23 of which in the Insolvency Service
- Insolvency Manager
Jones Giles
|
| sjbyron |
Posted - 16 March 2009 : 14:37:38
Sorry to offend you there melanie I didnt mean to or that.
Thanks
Stu J Byron |
| Melanie.n |
Posted - 16 March 2009 : 14:24:05
I am sorry but you have come to the wrong person to ask something like that - I am not going to give you approval for avoidance of an IPO it would be wrong of me professionally to do so
Sorry, Melanie
Melanie Nicholas
28 years insolvency experience - 23 of which in the Insolvency Service
- Insolvency Manager
Jones Giles
|
| sjbyron |
Posted - 16 March 2009 : 14:13:54
Thanks Melanie
So im likely to get a massive IPA if I was to return to work,
in your opinion would i best to wait til discharge
Stu
Stu J Byron |
| Melanie.n |
Posted - 16 March 2009 : 13:47:30
Usually when someone is living at home there is a basic allowance for board and lodge (not usually to exceeed £200) bills such as gas electricity and council tax are not in your name (your parents responsibility) and therefore you would not be able to get an allowance for them, additonal items such as satellite and internet plus mobile are often allowed but not landline allowance as this again is your parents responsibility. Food for an individual is up to a max of £195 and a max for clothing of £28 and £31 for meals at work.
If you did indeed get an IPO and subsequently lost your job you would simply get in touch with the OR and have it reviewed
Melanie Nicholas
28 years insolvency experience - 23 of which in the Insolvency Service
- Insolvency Manager
Jones Giles
|
| Skippy |
Posted - 16 March 2009 : 12:43:13
Hi Stu, I hope things start looking up for you.
I'm a moderator rather than an administrator so unfortunately I can't do anything other than edit the title and bump this up to the top - sorry x
Tomorrow is a mystery, yesterday is history, today is the present, a gift to make the most of.
View my blog at http://skippy13.blogs.bankruptcyhelp.org.uk/
21 IPA payments made, 15 to go - on the home straight! |
| sjbyron |
Posted - 16 March 2009 : 11:14:10
Hi Skippy things are going OK still more bad days than good, but i think i need to start thinking about going back to work 5 months off sick is a long time
Are you still a site administrator if so any chance you could put this for the attention of John, Paul and Melanie
Thanks
Stu J Byron |
| Skippy |
Posted - 16 March 2009 : 11:09:05
John or Melanie are the best people to answer this as I'm not sure what the allowance for a single person is - sorry.
How are things going for you?
Tomorrow is a mystery, yesterday is history, today is the present, a gift to make the most of.
View my blog at http://skippy13.blogs.bankruptcyhelp.org.uk/
21 IPA payments made, 15 to go - on the home straight! |
| sjbyron |
Posted - 16 March 2009 : 11:01:43
thanks Skippy is £170 a month for food acceptable
Stu J Byron |
| Skippy |
Posted - 16 March 2009 : 10:37:37
As John says you won't get a contingency allowance as you don't pay all your DI into an IPA.
You will be allowed £10 for haircuts.
If you do get an IPA don't worry - if your income changes your IPA can be reassessed - I am in the process of having this done.
Tomorrow is a mystery, yesterday is history, today is the present, a gift to make the most of.
View my blog at http://skippy13.blogs.bankruptcyhelp.org.uk/
21 IPA payments made, 15 to go - on the home straight! |
| sjbyron |
Posted - 15 March 2009 : 23:34:01
Sorry John Food should be £170 a month as I buyy my own food for home and for work
Stu J Byron |
| sjbyron |
Posted - 15 March 2009 : 23:30:32
Thanks John
My rent home is just for rent, board, lodgings, television, gas, elec, council tax. It doesnt include food.
£140 a month on food is my food for home and work
If I cut contingency down to £40 and also include £10 for haircuts and £15 for drycleaning
The general expenses pays towards internet at home too
Could you change them for me John and include other things i am allowed so that I can see clearer
Thanks
Stu J Byron |
| John |
Posted - 15 March 2009 : 23:25:29
Hi
the £550 includes basic foods, then there is £130 for food and food at work (£50 max for food at work so £80 for food at home) then a further £50 for housekeeping and general expenses. There is no provision for general expenses, you need to be more specific. How much is for rent, how much is for gas, etc etc.
There is no contingency allowance in bankruptcy as the minimum IPA is £50 against a DI of £100 which leaves you £50 for contingency anyway.
Clothing for a single person is high at £50.
The £25 for further education would have to come from your portion of your disposable income.
You have not included Hairdressing, Dry Cleaning.
There are a number of other allowable expenditures that will not apply in your case regarding children and pets and vehicle costs for example.
I think with you living with your parents as a single person you will struggle to avoid an IPA with your level of income (just my opinion).
Your past employment history should not concern you in respect of IPA. If you lose or change the job you have at the time bankruptcy is declared you can ask, every time, for your I&E to be reviewed.
John White
England Jackman & Spacey |
