My I&E, can someone check please?

MissMuppet

Sorry another post but I want to get this right, if someone could check and make sure I've not forgotten anything... thanks!

I live on my own by the way, with 1 cat!

Income - £1100

Outgoings - £1060.50

Rent - £495
Housekeeping - £200
Gas/Electric - £30
Water - £25
Telephone - £47.50 (BT - £17.50 / Mobile - £30 on contract till Feb 08)
Travel - £70
Clothing - £20
Council Tax - £70
House Ins - £10
Pet Ins - £7
TV Licence - £12
Contact Lenses - £14
Hairdressing - £10
Holiday - £50

MissMuppet

Oops another question, I'll keep it on the same thread...

I had a company pension with my old job and I need to transfer it to my current one as soon as I can find out how to do it... Should I put the details down for both pensions on the form or just my old one?

I have paid about 2.5 years into the old and only 1 months into the new! I've never been sure about pensions, so I am a little confused what I need to put here...

needaspirin

Hi MissMuppet

Your gas and electric seem a tad low. Have you allowed for the increase during the winter? Also do you think you can merge your holiday savings with some of your other outgoings as some creditors may think that holidays are an extravagance.

You have £39.50 to share among your creditors each month. Have you thought of ways to save money and maximise your income? Perhaps you could take in a lodger?

If you would like my Income/Expenditure calculator spreadsheet PM me with your email address.

MissMuppet

Thanks needaspirin but this is for my bankruptcy form so saving money and maximising my income don't really come into it right now...

fiveyearplan

Have you checked what amounts are usual and allowed? When I spoke to CCCS they allowed £60 for phone. I'm not sure if this is because I am a family of 4 though.

Fermi seems an expert on this sort of thing.

Good luck on Tuesday by the way. I'll watch for your post then.

fermi

fiveyearplan wrote: »

Fermi seems an expert on this sort of thing.

Hardly.

But I do know where the Insolvency Service hide this bit of info:

http://www.insolvency.gov.uk/freedomofinformation/technical/techmanvol1/Ch25-36/Chapter31/part7/part2/part_2.htm

It's a vital bit of reading for anyone preparing an I&E for the OR. While being bit involved, it really gives an understanding of how they approach your I&E and the way the OR thinks.

fiveyearplan

I knew you'd come through!

MissMuppet

Thanks fermi, will take a look at that tonight...

debt_doctor

I would up the gas/elec a bit, reduce the hol fund as the guide lines state £60 - £ 80 for a family of four. ( reduce to £30 ) and put £ 20 in for 'personal expenses'

Hope it goes well for you, and I assure you its not nearly so scary as you might think !

Best wishes