me Again..Still unsure with this whole giving my keys back :(

DEBT_23

thanks that has helped me alot..tho when i go to the OR after BR what will they want off me to prove my surplus income is less than £99 ?
my calculations are...
£345 rent
£65 c/tax
£95 car insurance/ maintenance
£40 electric
£35 gas
£15 water
£13 tv licenct
£235 housekeeping/food ( is that not too much) will the OR Q it?
£20 contents insurance
£8 pet insurance
£50 meals at work
£70 petrol
£25 dental /asthma perscriptions
£30 clothes ?? (tht ok)?

£1046 total. leaves me with £53 pm surplus


taken some advice from last post ? will that be ok

Will this be ok if i was to present this to OR ?? i dont really want to put something on hight that will get questioned.

LilyBart

£235 housekeeping plus £50 meals at work does seem a little high to me, though prices are rising. What does everyone else think?

DEBT_23

i took the £235 from advise from earleir post .
still even if i reduce meals at work to £30 im still under that £99 !?

DEBT_23

well i have been today and signed my rent agreement... Its done my mind is made up with advice from people on here.. good to get advice from people on the outside of my mess to make me realise what i need to do.
I tried it see anything under Bankruptcy.. all it said was under Possession and what the LL has the right to do...
it said something along the lines of should the tenant be made Bankrupt voluntary or not the LandLord May terminate contract...
So as long as i pay each month if he was to find out he may allow me to stay there subject to agents being happy.
Im in Lancs and my landlord lives in Kent ( so the agreement states )

Also as some may be aware im selling my car on ebay ,...
Its doing very well just hope they hand over the cash and not waste my time.
I always sell my cars on ebay so generally i rarely get messed about... my fingers stay crossed.
Feeling much better today.. more so with signing the agreement lol no turning back now. pretty much think its for the best .
I just have to sort my SOA out for the OR tho i have a couple of weeks yet til that stage.

LilyBart

You sound very positive today. Just make sure that when you're going to court, the rent is up-to-date and unlikely to be delayed while you set up a post-bankruptcy account.
Lily

DEBT_23

i pay August payment on thur 31st july with bond money , i have also set up a cash card account in june with barclays i dont owe them a penny and never have, i persume i will be able to keep that card, i set it up for that reason. all new bills etc for rent to go out of that account, clean account for a clean start in rent
yes very happy today, just nervous with the whole tax code..that is they only way my employer will know im BR and im scared bout that .
other than that i get keys on friday and a handover from agents lol..
thanks Lily and everone else for your advice.. I would be lost without this forum .

DEBTMONKEY1A

Hi debt23-glad advice has helped-you can start living again from pm after BR (make sure you secrete enough for an 8 pack or bootle of voddy to celebrate!)...incidently-did you contact the web site i mentioned & did Simon on there PM you?

The figures I used are 1 1/2 yrs old-I guess with increased cost of living they'll be increased....just wondered what the reply from Simon was??

Essentially-up your clothing to £35...(sure it's more now-again the other site can tell you??)...SUNDRIES at home-£50 a month, up meals at work to £54 PCM (again that was max figure 1 1/2 yrs ago-may have changed....I would also up the leccy/gas by AT LEAST 25% as they WILL go up.....housekeeping/food-REMEMBER this is all cleaning equipment/sprays/foods...again you could increase a bit (again I would twek these upwards & maybe ask Simon on other site??)...add on MOBILE phone-allowed (or where!) £20 PCM a month for this-scour MSE & get free SIMS & buy a £5 phone!

Lilybart-the figures for 'meals at work' cover you if you 'have to work lunchtimes'-ie eat at youre desk , etc...how easy is it to roll up £50 on this in a month on s/wiches/fish/chips...etc (again to a fervent MONEYSAVERthese seem excessive BUT the OR will allow it-obviously these figures are not public knowledge)...Also your petrol-again add on 25% to cover for fuel increases.

Debt23-the only 'provable'/checkable' things are fixed monthlys like life cover/insurance, etc...the OR is too busy to even ask for these & if they did they would see they were correct. They don't want a monthly 'sheet' of all expenses.

My outgoings on paper were £260 MORE than my income (you can put a minus figure!)......if you increase figures as stated & get it checked on other site i think you'll find they are fine.....so if you're say at a loss of £40 ON paper monthly & the OR tweaks it as long as you have no more than £98-99 a month suprplus you've cracked it-no IPA/IPO & possibly FREE in 6 months-max a year.As you're renting now/soon IRRESPECTIVE OF SALE DATE OR EVEN IF YOU GIVE KEYS BACK AFTER BR (as secured debts will be on SOA) YOU CAN'T BE CHASED AT ANY TIME FOR SECURED DEBT SHORTFALL-IT'S WRITTEN OFF IN BR.

On paper my debt's were £190000 (including a disputed secured loan shortfall from ages back) & when I gave my keys back had £20k secured loans...

this is the hardest bit-checking/getting advice-GET SOA right & it'll be over soon.

Or will NOT want to see i repeat not want to see your every monthly outgoing.....once meeting is done (again a source of dread if you read the forum but what's 4 hours out of your life!)...once that's done start the MSE charter in earnest & your 'outgoings' (allbeit legit to put through) WILL leave you some for beer at w/ends!

Honest-this is the hardest work of the whole process-keep it up!

I think Lilybart might have been looking at the meals at work/housekeeping through MSE eyes---the OR will allow these figures for a single person-keep us posted!

DEBT_23

hi i posted on debt forums only for peopls to say my things were to hight.
ie holiday 30pm to high . and whats sundries for etc.
Will post up final copy tho when time come round.