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squirrel1984
Posts: 9 Forumite
HI below is my soa....I am going bankrupt not my partner...
Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 0
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1065
Partners monthly income after tax....... 1050
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 2115
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 550
Management charge (leasehold property).. 0
Council tax............................. 138
Electricity............................. 50
Gas..................................... 80 Taking into account winter
Oil..................................... 0
Water rates............................. 20
Telephone (land line)................... 0
Mobile phone............................ 70
TV Licence.............................. 12.12
Satellite/Cable TV...................... 0
Internet Services....................... 60
Groceries etc. ......................... 320
Clothing................................ 40
Petrol/diesel........................... 250 i travel 200 miles a wk to work
Road tax................................ 15.75
Car Insurance........................... 39
Car maintenance (including MOT)......... 20
Car parking............................. 10
Other travel............................ 10
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 77
Pet insurance/vet bills................. 25
Buildings insurance..................... 0
Contents insurance...................... 22
Life assurance ......................... 0
Other insurance......................... 2.99
Presents (birthday, christmas etc)...... 40
Haircuts................................ 25
Entertainment........................... 20
Holiday................................. 20
Emergency fund.......................... 20
(Unnamed monthly expense)............... 0
partners debt........................... 20
lunches................................. 30
netflix................................. 7.99
gym..................................... 15
Total monthly expenses.................. 2009.85
Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 800
Other assets............................ 0
Total Assets............................ 800
No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
Mortgage shortfall.............30700.....0.........0
credit card....................2200......147.......0
loan...........................8000......5.........0
Total unsecured debts..........40900.....152.......-
Monthly Budget Summary
Total monthly income.................... 2,115
Expenses (including HP & secured debts). 2,009.85
Available for debt repayments........... 105.15
Monthly UNsecured debt repayments....... 152
Amount short for making debt repayments. -46.85
Personal Balance Sheet Summary
Total assets (things you own)........... 800
Total HP & Secured debt................. -0
Total Unsecured debt.................... -40,900
Net Assets.............................. -40,100
I am really confused as what to put for him and what to put for me...the figures are what we both pay out....internet services are landline, tv and internet package. mobile phone is both our bills but both contracts are in my name.
The figures at the end for gym etc are my partners.
just remembered I have forgotten to include gardner costs at £40....cant afford to buy equipment so pay someone to do it.
Thank you for your time.
Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 0
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1065
Partners monthly income after tax....... 1050
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 2115
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 550
Management charge (leasehold property).. 0
Council tax............................. 138
Electricity............................. 50
Gas..................................... 80 Taking into account winter
Oil..................................... 0
Water rates............................. 20
Telephone (land line)................... 0
Mobile phone............................ 70
TV Licence.............................. 12.12
Satellite/Cable TV...................... 0
Internet Services....................... 60
Groceries etc. ......................... 320
Clothing................................ 40
Petrol/diesel........................... 250 i travel 200 miles a wk to work
Road tax................................ 15.75
Car Insurance........................... 39
Car maintenance (including MOT)......... 20
Car parking............................. 10
Other travel............................ 10
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 77
Pet insurance/vet bills................. 25
Buildings insurance..................... 0
Contents insurance...................... 22
Life assurance ......................... 0
Other insurance......................... 2.99
Presents (birthday, christmas etc)...... 40
Haircuts................................ 25
Entertainment........................... 20
Holiday................................. 20
Emergency fund.......................... 20
(Unnamed monthly expense)............... 0
partners debt........................... 20
lunches................................. 30
netflix................................. 7.99
gym..................................... 15
Total monthly expenses.................. 2009.85
Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 800
Other assets............................ 0
Total Assets............................ 800
No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
Mortgage shortfall.............30700.....0.........0
credit card....................2200......147.......0
loan...........................8000......5.........0
Total unsecured debts..........40900.....152.......-
Monthly Budget Summary
Total monthly income.................... 2,115
Expenses (including HP & secured debts). 2,009.85
Available for debt repayments........... 105.15
Monthly UNsecured debt repayments....... 152
Amount short for making debt repayments. -46.85
Personal Balance Sheet Summary
Total assets (things you own)........... 800
Total HP & Secured debt................. -0
Total Unsecured debt.................... -40,900
Net Assets.............................. -40,100
I am really confused as what to put for him and what to put for me...the figures are what we both pay out....internet services are landline, tv and internet package. mobile phone is both our bills but both contracts are in my name.
The figures at the end for gym etc are my partners.
just remembered I have forgotten to include gardner costs at £40....cant afford to buy equipment so pay someone to do it.
Thank you for your time.
0
Comments
-
You can pick up a lawn mower and strimmer from Argos or B&Q for £40, I doubt the OR would allow that as an expense.
Medical is rather high, do you take a lot of different medications?
I'd be surprised if some of the stuff you've put down got approved, somethings like Netflix and the gym for example.
What you should ideally do is work out what your partner pays for that are solely in his name and then subtract that from his income. So if all your partners outgoings totalled £700 he'd have £350 to contribute to the household running costs. You don't need to break down what he pays for.0 -
squirrel1984 wrote: »HI below is my soa....I am going bankrupt not my partner...
Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 0
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1065
Partners monthly income after tax....... 1050 Is this his full income or his contribution?
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 2115
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 550
Management charge (leasehold property).. 0
Council tax............................. 138
Electricity............................. 50
Gas..................................... 80 Taking into account winter
Oil..................................... 0
Water rates............................. 20
Telephone (land line)................... 0
Mobile phone............................ 70
TV Licence.............................. 12.12
Satellite/Cable TV...................... 0
Internet Services....................... 60
Groceries etc. ......................... 320 £350/420
Clothing................................ 40
Petrol/diesel........................... 250 i travel 200 miles a wk to work
Road tax................................ 15.75
Car Insurance........................... 39
Car maintenance (including MOT)......... 20 £30
Car parking............................. 10
Other travel............................ 10 what is this?
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 77 for one person this should be around £25/30 unless there is special circumstances.
Pet insurance/vet bills................. 25
Buildings insurance..................... 0
Contents insurance...................... 22
Life assurance ......................... 0
Other insurance......................... 2.99 what is this?
Presents (birthday, christmas etc)...... 40 most OR's will not allow this but some will so leave it and see.
Haircuts................................ 25
Entertainment........................... 20 most OR's will not allow this but some will so leave it and see.
Holiday................................. 20 £40
Emergency fund.......................... 20
(Unnamed monthly expense)............... 0
partners debt........................... 20 This is your partners so doesn't go on the SoA
lunches................................. 30 Is this yours or partners?
netflix................................. 7.99 won't be allowed
gym..................................... 15This is your partners so doesn't go on the SoA
Total monthly expenses.................. 2009.85
Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 800
Other assets............................ 0
Total Assets............................ 800
No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
Mortgage shortfall.............30700.....0.........0
credit card....................2200......147.......0
loan...........................8000......5.........0
Total unsecured debts..........40900.....152.......-
Monthly Budget Summary
Total monthly income.................... 2,115
Expenses (including HP & secured debts). 2,009.85
Available for debt repayments........... 105.15
Monthly UNsecured debt repayments....... 152
Amount short for making debt repayments. -46.85
Personal Balance Sheet Summary
Total assets (things you own)........... 800
Total HP & Secured debt................. -0
Total Unsecured debt.................... -40,900
Net Assets.............................. -40,100
I am really confused as what to put for him and what to put for me...the figures are what we both pay out....internet services are landline, tv and internet package. mobile phone is both our bills but both contracts are in my name.
The figures at the end for gym etc are my partners.
just remembered I have forgotten to include gardner costs at £40....cant afford to buy equipment so pay someone to do it. Won't be allowed
Thank you for your time.
Your SoA should have the joint household expenses on it eg: rent, food,CT, utilities, holiday and the like.Then your personal expenses eg: clothes, hair, mobile, transport.etc.
You then put your full income and what your partner contributes to the joint household expenses. As your wages are similar he should be contributing at least 50% of his income.
The OR may ask what his full wage is to check he is paying his fair share.
You don't have any breakdown cover and as you are driving long distances I would suggest you get full cover and add it to the SoA.BSCno.87The only stupid question is an unasked oneLoving life as a Kernow Hippy0 -
Hi it has taken me a while to get around how to split our bills etc as our money is joint....im worried about how this will affect our joint bank account.
Household Information[/b]
Number of adults in household........... 2
Number of children in household.........
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1100* Changes monthly
Partners monthly income after tax....... 500
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1600
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 550
Management charge (leasehold property).. 0
Council tax............................. 136
Electricity............................. 50
Gas..................................... 80
Oil..................................... 0
Water rates............................. 20
Telephone (land line)................... 60 * Internet,LL and TV (virgin)
Mobile phone............................ 70 *Both in my name*
TV Licence.............................. 12.12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 350 *inc Lunches & Pets
Clothing................................ 40
Petrol/diesel........................... 240 *long commute to work*
Road tax................................ 15.75
Car Insurance........................... 39
Car maintenance (including MOT)......... 30
Car parking............................. 10
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 30
Pet insurance/vet bills................. 30
Buildings insurance..................... 0
Contents insurance...................... 22
Life assurance ......................... 0
Other insurance......................... 2.99 * Electrical cover*
Presents (birthday, christmas etc)...... 20
Haircuts................................ 25
Entertainment........................... 10
Holiday................................. 20
Emergency fund.......................... 20
union................................... 13
Total monthly expenses.................. 1895.86
Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 1000
Other assets............................ 0
Total Assets............................ 1000
No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
nram...........................30700.....5.........0
vanquis........................2300......145.......0
eon............................400.......0.........0
hsbc...........................8500......5.........0
bank overdraft.................500.......0.........0
Total unsecured debts..........42400.....155.......-
Monthly Budget Summary
Total monthly income.................... 1,600
Expenses (including HP & secured debts). 1,895.86
Available for debt repayments........... -295.86
Monthly UNsecured debt repayments....... 155
Amount short for making debt repayments. -450.86
Personal Balance Sheet Summary
Total assets (things you own)........... 1,000
Total HP & Secured debt................. -0
Total Unsecured debt.................... -42,400
Net Assets.............................. -41,400
Thank you!0 -
First: do you have an overdraft on the joint account and is it in the overdraft?
Second: you are now running at a £300 deficit so you haven't got your partners contribution to the SoA right.BSCno.87The only stupid question is an unasked oneLoving life as a Kernow Hippy0
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