Completeing a IPOQ

jojopa123_2 · 20 April 2017 at 1:41PM

hi

I am so scared I have just completed one of these for a non potentional or a potential payment arrangmenet. I am now 6 months into my bankruptcy

do these figure look ok

My income after tax £1140 month

Husband £2130.00 month

Child benefit £82.00 month

Rent £650.00 per month

Council Tax £150.00 per month

Contents £15.00 month

TV License £12.00

Gas £90 we paying £40.00 arreas on gas bill included in this.

Electricity £50

Water £32.00

Hire purchase baby costs prams etc £35.00 month

Childcare for our baby £400 month

Child Maintenance (CSA husbands kids) £380.00

Prescriptions and medicines £20.00 Month

Dentist £20.00 Month

Other costs?

Public Transport £94.30 month

Vehicle Finance £154.00 month

Vehicle Insurance £40.00 per month

Road Tax £140.00 year

MOT and Service £30 month needs 2 services a year

Breakdown cover included in lease

Fuel £140.00 month

Tyne Tunnel £56.00 month

Other Transport Costs will be as and when needed.

School costs

School Uniform £150.00 per year for 2 children

After School club and breakfast club £70.00 Month

Other Costs?

Phone £30.00 Month

Sky & Internet £35.00 Month

Hobbies leisure etc £40.00

Gifts birthdays etc £100 per year but this will probably go up with now having elula)

Groceries £400.00 month included feeding husbands 2 children as they stop twice a week and then more during holidays and pet food and for pack lunches

Nappies £25.00 month

Milk £40.00 month

Baby food £ 35.00 month tins breakfast etc

School meals £20 month

Alcohol £20.00 month

Smoking E cigarette £8 month

Vets flea and worming and pet insurance is £48.00 month

Clothing for baby £20 she is contantly growing

Clothing for us and 2 kids £40.00 month

Hairdressing £35.00 month

TheGardener · 20 April 2017 at 3:43PM

Hi
It will be much easier for people to look at if you use this calculator http://www.stoozing.com/calculator/soa.php and format it for this site.
Is this SOA both you and your partner and who is actually BR - you or both of you?

There are a few things:
Gas debt - is that debt accrued since you went BR? If not then you should not be paying any arears as it should have gone into your BR if the account is in your name.
Alcohol and e-cigs wont normally be permitted
vets insurance - some ORs wont allow this
Vehicle finance - assume this is your partners not yours?

Like I say - unless we who is BR and whose income is being assessed its hard to advise.

jojopa123_2 · 20 April 2017 at 4:22PM

hi

sorry I am bankrupt no financial connection to husband he is not bankrupt. Gas also debt from old house after bankruptcy we have since had to move I will recalcute thanks
xx

jojopa123_2 · 20 April 2017 at 4:39PM

Hi

I hope this makes sense.

I am bankrupt just come back part time from maternity leave I told the of this as wanted to be honest.

They didn't take a ipa off me due to maternity pay which has left my hubby in more debt so I had to come back early.

I'm scared out my wits incase they expect me to pay massive amount back im happy to pay a small amount back.

When I was on maternity leave my official received said I was paying 26% towards the household but I said surly now my circumstance have changed my hubby has his own debts and 2 children from his previous marriage and we get them 2 time a week to stay and then extra during holidays.

hope I have done this correct. I havnt included his debt or his car lease amount of £150.00 per month shall I do this again?

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 3
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1140
Partners monthly income after tax....... 2130
Benefits................................ 82
Other income............................ 0
Total monthly income.................... 3352
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 35
Rent.................................... 650
Management charge (leasehold property).. 0
Council tax............................. 150
Electricity............................. 50
Gas..................................... 90
Oil..................................... 0
Water rates............................. 32
Telephone (land line)................... 15
Mobile phone............................ 35
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 20
Groceries etc. ......................... 500
Clothing................................ 40
Petrol/diesel........................... 200
Road tax................................ 22
Car Insurance........................... 40
Car maintenance (including MOT)......... 30
Car parking............................. 0
Other travel............................ 95
Childcare/nursery....................... 400
Other child related expenses............ 450
Medical (prescriptions, dentist etc).... 40
Pet insurance/vet bills................. 48
Buildings insurance..................... 0
Contents insurance...................... 15
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 30
Haircuts................................ 40
Entertainment........................... 40
Holiday................................. 20
Emergency fund.......................... 40
Total monthly expenses.................. 3139

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 0
Other assets............................ 0
Total Assets............................ 0

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 0........(0)........0
Hire Purchase (HP) debt ...... 400......(35).......0
Total secured & HP debts...... 400.......-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
Total unsecured debts..........0.........0.........-

Monthly Budget Summary
Total monthly income.................... 3,352
Expenses (including HP & secured debts). 3,139
Available for debt repayments........... 213
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 213
Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -400
Total Unsecured debt.................... -0
Net Assets.............................. -400
Created using the SOA calculator at www.stoozing.com.
Reproduced on Moneysavingexpert with permission, using other browser.

TheGardener · 22 April 2017 at 8:01PM

If its only you who is BR then the SOA should just show your income and expenditure at 26% of the totals so for example if the rent is £650 them your expenditure will be £169. As you are now back working, you are earning approx. 50% of what your partner is earning - has the OR revised your 'share'?

IPA's are not normally back dated - if the OR changes your IPA then it will be paid from that point on.
Your partners debts are no concern of the OR's so the OR will not normally allow you to pay less IPA because of hubby's debt.
Entertainment is rarely allowed but of course hubby can spend his money on what he likes as far as the OR is concerned.

silvercar · 22 April 2017 at 10:23PM

It would be easier of you kept to one thread. Previous thread:

http://forums.moneysavingexpert.com/showthread.php?t=5637090

jojopa123_2 · 23 April 2017 at 2:53PM

Hi

I don't have an IPA at the moment. She is gonna work it out as I was previously on benefits maternity pay. No she hasn't worked mine out the 26% is my share I paid on maternity pay. I pay all the childcare out of my wages as hubby can't afford it out of his.

X

jojopa123_2 · 23 April 2017 at 3:08PM

Hi the gardener

Thanks for your response because I earn like you say nearly 50% of my hubby wage surly he or should expect me to being approx nesyl50# of bills is that corrrct and true the 26% I was paying my share when on maternity leave. I have no IPA as of yet just scare as got the paperwork through. I was honest and told them I started back.

I have heard I don't have to accept the IPA if I think it's too much and I will go to court and explain my position. If it expects hubby to pay more household and gold are he won't have enough for his other kids and debts which will put him in worse potion. X

TheGardener · 23 April 2017 at 3:42PM

debtdoctor is the best at advice on IPAs but it is true you can go to court to dispute it. Personally I would be wary of that unless it is truly unreasonable. As I say - the OR isn't interested in your partners expenditure and is unlikely to support a reduced IPA because he is in debt.

jojopa123_2 · 23 April 2017 at 3:51PM

Hi thanks the gardener.

I am happy to pay something back eh oh I can afford but I can't let hubby pay for everything. I pay £400 a month th childcare costs as he pay most of bills. Hopefully I won't get an IPA. I'm working with cuz I tend advice tomorrow on completing forms. I think she should share my household half with my hubby. If all ends she will force me to quit my job I mean o my if it's a stupid amour they want back. I was think I could afford £50 a month

silvercar · 23 April 2017 at 5:45PM

jojopa123 wrote: »

Hi thanks the gardener.

I am happy to pay something back eh oh I can afford but I can't let hubby pay for everything. I pay £400 a month th childcare costs as he pay most of bills. Hopefully I won't get an IPA. I'm working with cuz I tend advice tomorrow on completing forms. I think she should share my household half with my hubby. If all ends she will force me to quit my job I mean o my if it's a stupid amour they want back. I was think I could afford £50 a month

One option would be to delay your return to work until just under 3 weeks before your automatic discharge.

Completeing a IPOQ

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