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Help with BR expenditure!

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  • bvizionbvizion Forumite
    25 Posts
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    mwarby said:
    bvizion said:
    mwarby said:
    a few comments on your proposed expenditure
    - smoking isnt generally one of the expenses they will give an allowance for in bankruptcy
    - optical and dental costs both seem a little high £180 a year for dental and £264 for optical, many don't need new glasses each year(and don't expect designer frames etc), and if using an NHS dentist half your figure goes a long way. And all this is after paying insurance , whats that for ?
    - hobbies £56, I think that'll be too rich for OR, esp with £26 alcahol too
    - savings £30, normally you'd be allowed £20 I think
    Thanks for your advice. 
    If smoking is not one of the expenses they will allow an allowance, I wonder why do they include it in the BR application questionnaire form? It can't be just for their own curiosity! I have just answered what they have asked. Optical. £19 a month for 30 contact lenses, plus mist for dry eyes. I am on a computer screen for 8 hours nonstop. I don't use the NHS dentist, I have 26 dent plan insurance. I also buy toothbrushes, toothpaste, Listerine to maintain regular Hygiene. And by the way, it is not just Hobbies. It is "Hobbies, leisure, and Sport" including socializing, eating out, and drinking out. Let me break it down. £22 pm Pure Gym. £8 pm Cinema. £36 pm eat out, drink, coffee with mates once a month! I believe that's quite reasonable (but OR may think it isn't) and If I am honest, I have spent a lot more, but then again that is one of the reasons why I ended up here. As for Alcohol!  A bottle of wine a week, £6.50 when it is on offer at Morrisons. I could be wrong, but I believe going BR doesn't mean stopping drinking or smoking. As long as I don't overspend. Yeah, I suppose I could save just £20 instead of £30, don't think that's gonna make much difference. Anyway, your suggestion is much appreciated, thanks. 
    You might find these bits of the bankruptcy manual interesting, it's possible the OR won't notice or would be more generous than required, but its far from certain

    31.7.113 Social and entertainment expenses (amended April 2012)

    31.7.114 Sports memberships and activities (amended April 2012)

    31.7.122 Health care provision, including dentists and opticians





    Thanks. The way I see it is, they have these questions asked on the application form and I will give a true answer, If they want a proof, it is all there on my bank statements. I rarely ever purchase anything by cash. Sure OR can disagree and lower it. I will hope for the best. 
  • allthe7sallthe7s Forumite
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    I would include your smoking cost in your groceries. 
    Preparing to go bankrupt April 2020
  • debt_doctordebt_doctor Forumite
    4.6K Posts
    Part of the Furniture 1,000 Posts Combo Breaker
    Forumite
    mwarby said:
    bvizion said:
    mwarby said:
    a few comments on your proposed expenditure
    - smoking isnt generally one of the expenses they will give an allowance for in bankruptcy
    - optical and dental costs both seem a little high £180 a year for dental and £264 for optical, many don't need new glasses each year(and don't expect designer frames etc), and if using an NHS dentist half your figure goes a long way. And all this is after paying insurance , whats that for ?
    - hobbies £56, I think that'll be too rich for OR, esp with £26 alcahol too
    - savings £30, normally you'd be allowed £20 I think
    Thanks for your advice. 
    If smoking is not one of the expenses they will allow an allowance, I wonder why do they include it in the BR application questionnaire form? It can't be just for their own curiosity! I have just answered what they have asked. Optical. £19 a month for 30 contact lenses, plus mist for dry eyes. I am on a computer screen for 8 hours nonstop. I don't use the NHS dentist, I have 26 dent plan insurance. I also buy toothbrushes, toothpaste, Listerine to maintain regular Hygiene. And by the way, it is not just Hobbies. It is "Hobbies, leisure, and Sport" including socializing, eating out, and drinking out. Let me break it down. £22 pm Pure Gym. £8 pm Cinema. £36 pm eat out, drink, coffee with mates once a month! I believe that's quite reasonable (but OR may think it isn't) and If I am honest, I have spent a lot more, but then again that is one of the reasons why I ended up here. As for Alcohol!  A bottle of wine a week, £6.50 when it is on offer at Morrisons. I could be wrong, but I believe going BR doesn't mean stopping drinking or smoking. As long as I don't overspend. Yeah, I suppose I could save just £20 instead of £30, don't think that's gonna make much difference. Anyway, your suggestion is much appreciated, thanks. 
    You might find these bits of the bankruptcy manual interesting, it's possible the OR won't notice or would be more generous than required, but its far from certain

    31.7.113 Social and entertainment expenses (amended April 2012)

    31.7.114 Sports memberships and activities (amended April 2012)

    31.7.122 Health care provision, including dentists and opticians





    The bankruptcy Technical Manual has not been updated for more than 3 years. The way IPAs were assessed changed dramatically around 3 years ago, please see my thread some time ago here.....https://forums.moneysavingexpert.com/discussion/5687363/ipas-and-the-standard-financial-statement-sfs#latest
    DD
    Debt Doctor, Debt caseworker, Citizens' Advice Bureau .
    Impartial debt advice services: Citizens Advice Bureau Find your local CAB *** National Debtline - Tel: 0808 808 4000*** BSC No. 100 ***
  • debt_doctordebt_doctor Forumite
    4.6K Posts
    Part of the Furniture 1,000 Posts Combo Breaker
    Forumite
    Go to first page!
    Debt Doctor, Debt caseworker, Citizens' Advice Bureau .
    Impartial debt advice services: Citizens Advice Bureau Find your local CAB *** National Debtline - Tel: 0808 808 4000*** BSC No. 100 ***
  • bvizionbvizion Forumite
    25 Posts
    10 Posts First Anniversary
    Forumite
    allthe7s said:
    I would include your smoking cost in your groceries. 
    This is how it is in the BR application form. The question about smoking is in a separate field. 
  • edited 5 January 2021 at 1:19PM
    bvizionbvizion Forumite
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    10 Posts First Anniversary
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    edited 5 January 2021 at 1:19PM
    Hi
    Just wanted to thank everyone who helped. I did submit the BR application 3 weeks ago, got approved next day and had a couple of email correspondences from the OR, who send me few forms to sign and stated that they will not need to further interview me (never had the phone interview) She has not mentioned any IPA, but then again, my monthly expenses were slightly above my earning. Overall, it has been much straightforward than I though it would be. This forum helped a lot. Before I found this forum, I was considering paying a £350 service to help with the application, did it all by myself and with the help/information I was able to get from here.
    -----------------------------------------------------------------------------------------------------------------
    Followed Dept_Doctors advice regarding the expenditure and had no qestons asked. 
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