Advice needed on possible bankruptcy

tigerfeet2006

Ole if one of the debt charities have said you are a candidate for BR then they are right. The judges respect the opinion of the debt charities and know they won't suggest it if there is no good cause to, so I know you won't listen but please don't stress

(((hugs)))

Ole20_2

should be more accurate.......still cant change fuel but can do that on insolvency forms i guess...

Your take home pay £1,500
Your partner's take home pay
Rent/board received £650
Pension received
Any other income received
Income Support
Jobseekers Allowance

Your Income Amount

Incapacity Benefit
Disability Living Allowance
Working Tax Credit
Child Benefit
Child Tax Credit
Child Support

Total income £2,150

Housing Amount Comment

Rent
Mortgage £693
Secured loans/2nd mortgage
Mortgage endowment premium
Service charge/ground rent
Water £44
Council tax £100
Gas £100
Electricity £77
Other household fuel

Household services

Building and contents insurance
Telephone, mobile & internet £33
TV licence £12
Satellite £21
Repairs and maintenance
Household appliance rental
Child maintenance £150
Childcare
Fines, CCJs, Decrees
Life insurance/pensions
Medical/accident insurance
Hire purchase

Transport

Vehicle spares and servicing £10
Road tax
Motor insurance
Vehicle breakdown cover
Fuel & parking £320 Client has 60 mile daily round trip to work
Public Transport

Food & housekeeping

Food, toiletries, cleaning £165
School meals/meals at work £35
Pets, pet food/insurance
Tobacco

Misc. goods & services

School trips/activities
Medicines/prescriptions £10
Dentist/opticians £20
Hairdressing £15
Union/professional fees
Laundry/dry cleaning
Education fees

Personal & leisure

Clothing & footwear £23
Newspapers/magazines
Sports, hobbies, entertainment £40
Children's pocket money
Church/charity donations

Sundries/emergencies/other costs

Sundries/emergencies £20
Loan from family/friend £130 Total Owed £7500
Other

Total expenses £2,018

Additional information Comment

No of adults 3
Dependants 0

Totals Amount

Total income £2,150
Total expenses £2,018
Surplus (Deficit) £132

Ole20_2

hahah...it just feels like a big leap into the unknown...feel immensely irresponsible and cant help but feel if i was a judge id want to slap my wrist and make me deal with it haha...thanks again for all advice..the site and all of you have been very helpful...ill contact cccs again tomorrow to make double sure thne ill keep the copy of my dmp and ring the court for a date.....

peachyprice

Ole20 wrote: »

Your Budget

The figures in this budget are based on those supplied by you during the preparation of your Debt Remedy.
Your Income Amount
Your take home pay £1,500
Your partner's take home pay
Rent/board received £500
Pension received
Any other income received
Income Support
Jobseekers Allowance
Your Income Amount
Incapacity Benefit
Disability Living Allowance
Working Tax Credit
Child Benefit
Child Tax Credit
Child Support
Total income £2,000
Housing Amount Comment
Rent
Mortgage £693
Secured loans/2nd mortgage
Mortgage endowment premium
Service charge/ground rent
Water £44
Council tax £100
Gas £100
Electricity £77
Other household fuel
Household services
Building and contents insurance Do you not have this?
Telephone, mobile & internet £33
TV licence £12
Satellite £21 won't be allowed, will have to come out of your surplus
Repairs and maintenance
Household appliance rental
Child maintenance £150
Childcare
Fines, CCJs, Decrees
Life insurance/pensions
Medical/accident insurance
Hire purchase
Transport
Vehicle spares and servicing £10
Road tax Do you not have to pay this?
Motor insurance Ditto
Vehicle breakdown cover Ditto
Fuel & parking £380 Client has 60 mile daily round trip to work
Public Transport
Food & housekeeping
Food, toiletries, cleaning £165
School meals/meals at work £35
Pets, pet food/insurance
Tobacco
Misc. goods & services
School trips/activities
Medicines/prescriptions £10
Dentist/opticians £20
Hairdressing £10
Union/professional fees
Laundry/dry cleaning
Education fees
Personal & leisure
Clothing & footwear £23
Newspapers/magazines
Sports, hobbies, entertainment £10 Must come out of your surplus
Children's pocket money
Church/charity donations
Sundries/emergencies/other costs
Sundries/emergencies £10
Loan from family/friend £130 Total Owed £7500 You won't be allowed to pay back a loan from family member, they will become one of your creditors
Other
Total expenses £1,973
Additional information Comment
No of adults 3
Dependants 0
Totals Amount
Total income £2,000
Total expenses £2,033
Surplus (Deficit) £-33

Hope this helps some

Ole20_2

thanks....i have a company car at present so dont pay road tax or insurance..just massive fuell bill as im far from the office and dont get expenses for travelling to and from...loans my fathers..ive spoke with him and am going to see once bankrupt if i can give him some surplus...

any other generic info really appreciated...

Ole20_2

oh and building and contents is in with my mortgage cost....

Ole20_2

or so i thuht... checking as im typing...i actually pay 35.00 per month to payment shield for this..will rectify shortly...thanks for the query...

tigerfeet2006

Ole20 wrote: »

Your Budget

The figures in this budget are based on those supplied by you during the preparation of your Debt Remedy.

Your Income Amount

Your take home pay £1,500
Your partner's take home pay
Rent/board received £500
Pension received
Any other income received
Income Support
Jobseekers Allowance

Your Income Amount

Incapacity Benefit
Disability Living Allowance
Working Tax Credit
Child Benefit
Child Tax Credit
Child Support

Total income £2,000

Housing Amount Comment

Rent
Mortgage £693
Secured loans/2nd mortgage
Mortgage endowment premium
Service charge/ground rent
Water £44
Council tax £100
Gas £100 Is this really this high. You may have tojustify to the OR this amount.
Electricity £77 ditto
Other household fuel

Household services

Building and contents insurance Do you not have contents insurance.
Telephone, mobile & internet £33 Just put this down as phone don't mention internet.
TV licence £12
Satellite £21 You don't put this down on your I&E it has to come out of your surplus.
Repairs and maintenance
Household appliance rental
Child maintenance £150
Childcare
Fines, CCJs, Decrees
Life insurance/pensions
Medical/accident insurance
Hire purchase

Transport

Vehicle spares and servicing £10
Road tax Do you not pay this?
Motor insurance ditto
Vehicle breakdown cover ditto
Fuel & parking £380 Client has 60 mile daily round trip to work
Public Transport

Food & housekeeping

Food, toiletries, cleaning £165 This is very low you could allow up to £400
School meals/meals at work £35
Pets, pet food/insurance
Tobacco

Misc. goods & services

School trips/activities
Medicines/prescriptions £10
Dentist/opticians £20
Hairdressing £10
Union/professional fees
Laundry/dry cleaning
Education fees

Personal & leisure

Clothing & footwear £23 you can up this to £50
Newspapers/magazines
Sports, hobbies, entertainment £10 Is this for a child
Children's pocket money
Church/charity donations

Sundries/emergencies/other costs

Sundries/emergencies £10 the OR may disallow this but leave.
Loan from family/friend £130 Total Owed £7500 You will not be allowed to pay this it will have to go into your BR. But what you do with any surplus is up to you.
Other

Total expenses £1,973

Additional information Comment

No of adults 3
Dependants 0

Totals Amount

Total income £2,000
Total expenses £2,033
Surplus (Deficit) £-33

Just had a thought are there any arrears in your gas and electric? If so you need to take them out.

Hope some of that helps.

tigerfeet2006

Peachy got there before before me. Had to deal with baby sorry.

Ole20_2

it does help as always ..on my insolvency petition it says to put the amount on your last staement for gas and electric...its about 70 and 45 normally...ive submitted my dmp to cccs but will make some changes tomorrow as ive missed a few things...b+c insurance and left some low as youu pointed out...ill amend them tomorrow ...thanks