hi all i wonder if anyne may e able to help, we are a family of 2 adults, 3 kids aged 15, 13 and 10. when we fill out our SOA what can our monthly allowances be for each catergory ? ( what will be acceptable ) and is it across the board what is allowed or at the discretion of the OR ?
The main advice here is to put what you spend per month.
I would go through the form and post on here what you have come up with so far and then we can adjust it for you.
There really is not any consistencies accross the board with OR's and what they allow but do put down what you think and like i sai dwe will help you.
Also if you look in my blog there is a link to what things you may be allowed and also the allowances that may be granted. Do remember though its the most up to date one around at the mo so adjustments must be made in line with current prices.
Jo x
For more info on how i have come through bankruptcy and for links to help, you can read my blog here called: Needafriend's Info on Bankruptcy :-) http://debtfreejo.blogs.bankruptcyhelp.org.uk/ Needafriend says: Live life to the full, take life by the horns and live a little, otherwise life would be so boring!
The key thing is to use the Insolvency Service website (http://www.insolvency.gov.uk). The examiners at the OR offices use the guidelines contained on this website, so it is straight from the horses mouth.
Probably the best link I can give you is this one:
Peruse this website and you should make sure that your income and expenditure fits in with the guideline. If anything, these figures may be slightly out of date and we know prices only go up so things like gas and electric should use up all the allowance if not more. For example, I bet you didn't know you can put down £20 a month for haircuts?! Best wishes.
ALLOWANCES
Posted - 22 November 2008 : 19:43:49
