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Bankruptcy questions - 'allowed costs'
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Tixy
Posts: 31,455 Forumite
Hi Guys
Trying to help a friend (still). Friend was unemployed and going to go bankrupt. Now has now got a job but is still going to struggle to ever pay off existing debts. So we are trying to redo their SoA to see whether they would still be likely to qualify for bankruptcy (probably with an IPA this time)
I think I remember seeing some guidelines as to what amount of expenses was generally considered acceptable in each expenditure category (in fact I was fairly certain I had subscribed to the thread but can't find it now). Any ideas where I might find this again?
If not can anyone help with what might be considered acceptable for 1 person living alone for
-Groceries
-Gas & Elec
-Telephone (mobile only)
-Clothing
Thanks in advance
Trying to help a friend (still). Friend was unemployed and going to go bankrupt. Now has now got a job but is still going to struggle to ever pay off existing debts. So we are trying to redo their SoA to see whether they would still be likely to qualify for bankruptcy (probably with an IPA this time)
I think I remember seeing some guidelines as to what amount of expenses was generally considered acceptable in each expenditure category (in fact I was fairly certain I had subscribed to the thread but can't find it now). Any ideas where I might find this again?
If not can anyone help with what might be considered acceptable for 1 person living alone for
-Groceries
-Gas & Elec
-Telephone (mobile only)
-Clothing
Thanks in advance
A smile enriches those who receive without making poorer those who give
or "It costs nowt to be nice"
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:pB&SC No. 298
Life`s Tragedy is that we get OLD too soon
and WISE too late!0 -
Pefect - cheers dojoA smile enriches those who receive without making poorer those who giveor "It costs nowt to be nice"0
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