Hi FF36.

They're usually done on a monthly basis.

Take things you buy annually (or irregular purchases) and divide what you need by twelve.

Thanks, that makes it easier to fill in hopefully.

Make sure and take your time with this as reviews are very important.

Take everything into account... even the things you think are small or shouldn't include.

It will be up to your administrator then to say what can and should not be included. They will keep you right as they are the experts...!

It's a very good point colski.

Better to include too much than too little.

The trust deed provider can always scale it back where necessary to meet creditor expectations.

Hi, regarding the income and expenditure form. Do all companies have the same form or do they alter them slightly?

Also, I have only filled an updated one in once and the company sent me a photocopy of my previous one to help me. Is this standard practice and if not can I request my previous one?

The form is pretty standard, but different firms are bound to have slightly different ones.

There's nothing to stop you asking for your previous form, Knight. If they provided it previously then I imagine they will be happy to do so again.

I think while all companies have a general industry principle of what they look at with regards to a review but they all document it and lay it out slightly differently.

In my case the RSM Tenon had their form with categories for each area they wanted me to document. Switching to Apex, their form has similar categories however some were a merger of the individual ones RSM had and some were separated out.

So to my review this time I used my initial agreed expenditure forms (I had these from when the PTD were set up on email from RSM) and applied them against the categories in the Apex review form. I then looked at each figure and applied what my current spend was against each one (some where up, some were down). I then too anything I didn't have included in the form which and applied these as appropriate.

When I wasn't sure if I had added things in the right category or if the figure was a combination of expenses I made sure an provided on a separate piece of paper my working with the breakdowns of the numbers etc... An example of this was my Car Costs which included Car insurance, MOT cost, expected maintenance for servicing, tyres etc based on the previous two year average, fuel costs, parking costs, road tax and misc.

So... When I returned my forms for our PTD review I actually handed back about 10 pages... One was the official Review with the figures on it and the remained was the breakdown of the numbers clearly explaining costs.

With regards to the copy of expenses... I had this from my initial take on and previous review however I would always go on the basis of what your expenses are now. At the end of the day you should now be living within your means. So your income and outgoings should all balance out leaving you with £0 at the end of the month but with all your reasonable outgoings being allowed within that!

If you are feeling pressure on areas due to changes then you need to highlight this so your Practitioner can take this into account when confirming your contribution.

ie if you are paying 300 for your PTD but have had bonuses pulled form your pay resulting in a lower income than agreed at the start of the PTD and you having to reduce your reasonable food shopping bill for your family to cover this then you must highlight this to your practitioner who will take this into account of your review. This is the whole point of the review, making sure everything remains fair for all parties.

Hope this helps.

Thank you very much Colski for your reply - plenty to think about. Kevin, the reason I asked is because I am one of the ones now at Creditfix and I wasn't sure if they would give me my previous one - no harm in asking however...

Hi Knight.

I can't think of any particular reason why any trustee wouldn't let you have a copy.