Confused

jo70

Hi all. Am confused as to whether child benefit and tax credits/working tax are classed as an income regarding the i/e soa forms.

We have had help with our form filling in from a non-profit debt counsellor. Like i said we are just confused!!!!!!!!

Sorry to bore you all but think we need more help-surprise surprise

Rent 520

Houseekeeping 650 (2 adults 2 teenagers 2 10yr olds) 2 sets of twins

Gas/elec(arrears) 200

Water 32

Phones 90-know its high bloody contracts

Travel/petrol/bus pass 265

Clothing 87

Council tax 120

car tax/ins 60.50

School expenses 72.00

Car HP(essential S/E) 261.76

Pets 40

H/dressing 26

Accountant 12.50

Contents ins 12.00

TV Licence 11.63

TV subs 40.00

TOTAL 2500.39

TOTAL INCOME 2883.97

Can anyone advise probability of an order being given to us

Sorry all hope this makes sense!!!!!!!!!!!!!!

shadowdragon

jo70 wrote: »

Hi all. Am confused as to whether child benefit and tax credits/working tax are classed as an income regarding the i/e soa forms.

We have had help with our form filling in from a non-profit debt counsellor. Like i said we are just confused!!!!!!!!

Sorry to bore you all but think we need more help-surprise surprise

Rent 520

Houseekeeping 650 (2 adults 2 teenagers 2 10yr olds) 2 sets of twins

Gas/elec(arrears) 200 your arrears can be included in BC if i remember correctly.

Water 32

Phones 90-know its high bloody contracts

Travel/petrol/bus pass 265

Clothing 87

Council tax 120

car tax/ins 60.50

School expenses 72.00

Car HP(essential S/E) 261.76 they may not allow this (im not totally in the know with the HP and bankruptcy hopefully someone will know) but you may have to hand the car back and buy a smaller/cheaper vehicle if needed for work etc.

Pets 40 is this insurance? they may not allow it so put it in with shopping

H/dressing 26

Accountant 12.50 Will you need this after BC?

Contents ins 12.00

TV Licence 11.63

TV subs 40.00 This wont be allowed in your Bankruptcy I and E

TOTAL 2500.39

TOTAL INCOME 2883.97

Can anyone advise probability of an order being given to us

Sorry all hope this makes sense!!!!!!!!!!!!!!

I have added what I think I can to help you, you will receive a IPA/IPO for anything over £99, on a sliding scale (sorry dont have the table of figures, sure someone will post them)

tigerfeet2006

jo70 wrote: »

Hi all. Am confused as to whether child benefit and tax credits/working tax are classed as an income regarding the i/e soa forms.

We have had help with our form filling in from a non-profit debt counsellor. Like i said we are just confused!!!!!!!!

Sorry to bore you all but think we need more help-surprise surprise

Rent 520

Houseekeeping 650 (2 adults 2 teenagers 2 10yr olds) 2 sets of twins

Gas/elec(arrears) 200 Are you both going BR? If so then the arrears will go into the BR? If not who's name is it in?

Water 32

Phones 90-know its high bloody contracts

Travel/petrol/bus pass 265 Seperate this into petrol and bus pass

Clothing 87 This is low you could up it a bit.

Council tax 120

car tax/ins 60.50 How much tax, how much ins?

Car mot?

School expenses 72.00

Car HP(essential S/E) 261.76

Pets 40 Leave this but the OR may cut. How many pets?

H/dressing 26 £10 per adult £5 per child

Accountant 12.50

Contents ins 12.00

TV Licence 11.63

TV subs 40.00 what is this?

TOTAL 2500.39

TOTAL INCOME 2883.97

Can anyone advise probability of an order being given to us

Sorry all hope this makes sense!!!!!!!!!!!!!!

Dentist? opticians? prescriptions? Holidays?

Just a few thoughts to start with.

fermi

You must include child benefit in your I&E, but the OR shouldn't include it in any calculation for an IPA.

So make sure that your income from benefits is itemised so that they can see how much of it is from child benefit.

Tax credits can be included in the calculation for an IPA, but any surplus that they calculate and use for an IPA must not exceed your earned income. In other words they can only set the IPA to take a % of the earned income. Any higher and they would be taking part of your benefit which is not permitted.

That's a little difficult to put across, so I hope that is fairly clear.

k2nga

I think you will find that if your car is on HP it will go as the company will be told of your BR and collect i have yet to know of anyone who has kept that after BR. Sorry to be the bearer of bad news but look on the bright side get a cheap run around and you wont have to worry about the monthly fees for a car.