income & expenditure

carlos700

When sending out income & expenditure out to creditors do you have to list all your other creditors and how much i will be paying each creditor ?

I have £120 surplus income but i dont want the creditor who i am sending the income & expenditure to think that all this surplus is for them because it will be shared between 5 creditors .

debrag

page 5 here gives you a template letter

carlos700

debrag wrote: »

page 5 here gives you a template letter

THANKS for the link but i am still unsure about my original question on whether i have to tell creditors how much i am paying other creditors

debrag

no the letter on there just states your budget and the amount you are paying that creditor

10past6

carlos700 wrote: »

whether i have to tell creditors how much i am paying other creditors

You're under NO legal obligation to inform ANYONE other than a court of your I&E

fatbelly

carlos700 wrote: »

When sending out income & expenditure out to creditors do you have to list all your other creditors and how much i will be paying each creditor ?

I have £120 surplus income but i dont want the creditor who i am sending the income & expenditure to think that all this surplus is for them because it will be shared between 5 creditors .

It is accepted practice to list all creditors, balances and to show how their portion of the pro-rata distribution is calculated.

If you merely show a surplus (say £100 per month) and then offer them a smaller figure (say £8) would you expect them to accept this without explanation?