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OR's "chart" for I&E

script
script Posts: 718 Forumite
in Bankruptcy & living with it
Does anybody have a copy of the latest “chart” that the OR uses - with all the living expenses that are allowed in B/R.


It would be so useful when you’re working out your I&E.

Comments

  • philnicandamy
    philnicandamy Posts: 15,685 Forumite
    10,000 Posts Combo Breaker
    edited 13 August 2009 at 8:11PM
    Not really......the latest list is from around 2006-2008 (ish) and you'll need excel to open it on your PC
    http://www.insolvency.gov.uk/freedomofinformation/technical/TechnicalManual/Ch25-36/Chapter31/part7/part9/part_9.htm

    stick up your SOA and we'll tell you whats right & whats not

    http://makesenseofcards.com/soacalc.html
    We all die. The goal isn't to live forever, the goal is to create something that will
  • script
    script Posts: 718 Forumite
    Thanks Phil.

    I'm helping a friend prepare for B/R and it looks like she really doesn't have any surplus.

    Well maybe about £25.00 a month - but I'm hoping they'll let her keep that.
  • dollparts
    dollparts Posts: 1,256 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Is there a general rule of thumb with regards to the amount of surplus the OR allows you to keep?

    I had not got that far in my thinking so forgive me if it seems a silly question
    There used to be a street named after Chuck Norris, but it was changed because nobody crosses Chuck Norris and lives.
  • philnicandamy
    philnicandamy Posts: 15,685 Forumite
    10,000 Posts Combo Breaker
    IF you had a surplus of OVER £99 a month after living expenses are paid then the receiver would show interest & then possibly start whats called an IPA

    anything under £99 they will allow you to keep usually
    We all die. The goal isn't to live forever, the goal is to create something that will
  • debtinfo
    debtinfo Posts: 7,012 Forumite
    philnicandamy wrote: »
    Not really......the latest list is from around 2006 (ish) and you'll need excel to open it on your PC


    Although the one this points to was updated in Feb08
    Hi, im Debtinfo, i am an ex insolvency examiner and over the years have personally dealt with thousands of bankruptcy cases.
    Please note that any views i put forth are not those of my former employer The Insolvency Service and do not constitute professional advice, you should always seek professional advice before entering insolvency proceedings.
  • philnicandamy
    philnicandamy Posts: 15,685 Forumite
    10,000 Posts Combo Breaker
    debtinfo wrote: »
    Although the one this points to was updated in Feb08


    I did say Ish :p:D

    in need of confirmation though......spoke to a friend who works in the manchester office & they disagree with the spreadsheet & use their own system....which sadly she wont part with yet (although I am trying!:p)
    We all die. The goal isn't to live forever, the goal is to create something that will
  • tigerfeet2006
    tigerfeet2006 Posts: 14,030 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    I am sure you will be able to wrangle it out of her, knowing you ;)
    BSCno.87
    The only stupid question is an unasked one
    Loving life as a Kernow Hippy
  • philnicandamy
    philnicandamy Posts: 15,685 Forumite
    10,000 Posts Combo Breaker
    I've tried....drink....food....chocolate....other things my Mrs will shoot me for if I try!
    We all die. The goal isn't to live forever, the goal is to create something that will
  • tigerfeet2006
    tigerfeet2006 Posts: 14,030 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Hmm! never a good idea to annoy the missus :D

    I am sure you will do it eventually.
    BSCno.87
    The only stupid question is an unasked one
    Loving life as a Kernow Hippy
  • dollparts
    dollparts Posts: 1,256 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    philnicandamy wrote: »
    IF you had a surplus of OVER £99 a month after living expenses are paid then the receiver would show interest & then possibly start whats called an IPA

    anything under £99 they will allow you to keep usually

    Sorry to gate crash this thread. I understand the £99 thing now. I'm self employed. If my income goes up after BR I'm assuming I have to tell the OR? And if so how quickly do I have to inform them? I get paid in cash mostly. Supposing it went up say..£25 pw for 3 months. (this is not unusual in my line of work, extra bits here and there) I would imagine I would need a direct line to them if I had to notify OR of every variance?
    There used to be a street named after Chuck Norris, but it was changed because nobody crosses Chuck Norris and lives.
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