I & E Help please

kevw666

i have listed my half of household expenses.
should i list full amount and then add what my wife contributes to the online forms.

thanks kev

fiveyearplan

I think the amount is £2,000 for a vehicle.

Richard_S

kevw666 wrote: »

i have listed my half of household expenses.
should i list full amount and then add what my wife contributes to the online forms.

thanks kev

Hi kev,

Just show your income and what you contribute to the household expenditure. Do you earn approximately the same amount as your wife?

If you earn a lot more than your wife then split the costs pro rata so that you're paying a bigger %age. If its the other way around, split them 50/50.;)

Richard

debt_doctor

Richard, as usual your spot on with the car under finance. To the OR it is not an assett as the finance co. own it. The only way the OR would have an interest is where the vehicle was worth more than the outstanding finance.

Typically I have always found that the finance co. will continue the agreement because it is in their best interests, as you pointed out.

BEST,

DD.

kevw666

thank you all very much..........this is a very stressfull time and your help is much appreciated.
thanks
kev

kevw666

Thanks for all your help how does this look and will any of it be checked by OR

Car finance 158 essential for work (value=2500)
car insurance 38
phone 60
council tax 50
rent 152
petrol 120
road tax 16.70
holiday 30
maintainence 40
mobile 30
food/hygene 200
clothing 55
dry cleaning 24
electric 100
tv licence 6
pet food 20
haircuts 20
water rates 28
opticians 20
prescriptions 10
contents ins 25
car mot 12
breakdown cover 10
books for sons college 10
parking 80
xmas 20
vet bills 5
dentist 10

total exp= £1349.70
income= £950.00

this is for myself my wife and son oh my god no wonder my debt is so high.

I am phoning for court appointment today getting very scared

Please give any pointers you can .

thanks
kev

ali_kat_2

Richard_S

Is that a definative list of what the OR will allow as expendicture items? ('cause if so I missed a few as I assumed I'd not be allowed them) Is there one, with guideline figures as to what they should be?

NekoZombie

Ali_kat, its not a definitive list. A lot of things won't allowed, but what you don't ask for, you don't get.

catewithers

ali_kat wrote: »

Richard_S

Is that a definative list of what the OR will allow as expendicture items? ('cause if so I missed a few as I assumed I'd not be allowed them) Is there one, with guideline figures as to what they should be?

I'd be interested to know if there's a definitive list somewhere with guideline amounts.

Going to court on Friday so need to finalise the forms, and as Neko says, if you don't ask, you don't get. So I'm planning to ask for everything!

fermi

catewithers wrote: »

I'd be interested to know if there's a definitive list somewhere with guideline amounts.

The only even slightly definitive guidance is here:

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

Apart from that, preparing an I&E for the OR is a bit of a game that can summed up by the quote below (forgetting about the god bit).:rolleyes:

[strike]God does not play dice with the universe;[/strike] He plays an ineffable game of his own devising, which might be compared, from the perspective of any of the other players, to being involved in an obscure and complex version of poker in a pitch dark room, with blank cards, for infinite stakes, with a dealer who won't tell you the rules, and who smiles all the time.

Gaiman and Pratchett's "Good Omens"