debt relief order "normal" living expenses

purple_cat_2

Hi Just a quick question on this, what would be considered normal living expenses?? obviously rent ct food nappies etc, but we both have mobiles ( 15/18 contract pm) landline, broadband, house insurance, child trust fund payments, kids savings direct debits etc. how much of this would we be allowed to pay each month considering they are our normal living expenses?

Pepzofio

House insurance should be fine (presumably this is just contents insurance? If you own your property you won't be eligible for DRO, afaik anyway...)

Mobile/landline costs are allowed but will be subject to a limit depending on the size of your household, broadband may need justification i.e. need it for work/homework/job searches.

I'd say you're on sticky grounds with the kid's savings/trust funds - surely only disposable income should go into savings accounts?

purple_cat_2

cheers for the reply, (kids savings were set up when we had disposable income and if we don't pay set amount in each month for the whole 12 mths then we do not get the high interest rate!)

we have contents and buildings insurance as we live in a guiness trust home which has had a conservatory added on by previous tenant and the trust won't accept any repairs etc on it!!

Godiva500

I think the amount for "miscellaneous " is £100. This includes things like haircuts etc. They are all lumped together, not like an SOA.

fermi

I think these are rough figures to work from.

Holes_in_my_pocket

fermi where did you ge that table from please

fiveyearplan

I would have thought the children's savings would have to stop, if you can't afford your living expenses/debt you wouldn't be able to afford savings. Its a small price to pay though to have your debt wiped out. You could start saving again at the end of it.

Halcyonman

I'm a full-time mature student and live with my partner. I'm hoping to see a CAB advisor next week about a DRO. I owe around £12,000 but I'm concerned about what counts as assets. Is a DRO like Bankruptcy where 'tools of the trade' are exempt from being counted as assets. I'm on a IT course so I have a bigger-than-normal computer which I need for my studies. I also have a car that I need to get to the University that has a market value of < £1000. Also are my assets assessed on their own or will my partner's and my assets be assessed together?

fermi

Halcyonman wrote: »

I'm a full-time mature student and live with my partner. I'm hoping to see a CAB advisor next week about a DRO. I owe around £12,000 but I'm concerned about what counts as assets. Is a DRO like Bankruptcy where 'tools of the trade' are exempt from being counted as assets. I'm on a IT course so I have a bigger-than-normal computer which I need for my studies. I also have a car that I need to get to the University that has a market value of < £1000. Also are my assets assessed on their own or will my partner's and my assets be assessed together?

You may get more answers if this is asked in a new thread.

I'll start one for you.

Here: ---> http://forums.moneysavingexpert.com/showthread.html?t=1870215

Trollfever

New readers should be aware that the figures quoted in #5 were updated on 31st July 2009.

fiveyearplan

I would have thought that travel would be what it is and not on the table. My travel to and from work on public transportation costs me £148-£170 per month - non negotiable!