Considering going BR- selling assets? SOA NOW ADDED

kevj1977

Thanks for the advice guys, I may contact CCCS tomorrow after having time to digest what my FA has said tonight.
I must stress that I have not yet decided to go BR, however, due to the size of my debts (personal & business), it looks like the only way to go.

I think I will hold off selling anything for the moment, until my mind is made up finally.

I will post an SOA later on after my head has finished being battered by the FA. :rotfl:

maxmycardagain

seeing as the OR wont be interested in snatching a sofa or cheap car (i.e. £1000 worth) then hold till after BR, then flog em....

kevj1977

Bumped back to the top because i've added my SOA

deedee_3

I'll just go through your SOA as an OR may look at it.

Income Amount(£)

Monthly income after tax

1773

Total monthly income

1773

Expenses

Amount(£)

Mortgage

60

Council tax

74

Electricity

5 Are you sure you only pay this a month?

Gas

5 Ditto

Water Rates

24

Telephone (land line) Do you have no landline?

0

Mobile phone

10 This is very low are you sure?

TV Licence

0 Do you not have a TV?

Groceries etc.

100 This is low you could put up to £170

Clothing

10 This is low you can up this to £30

Petrol/diesel

40 This is low are you sure this is correct?

Road tax

12

Car Insurance

64

Car maintenenance (including MOT)

6 This is low

Other travel

160 What is this?

Other child related expenses

130 What is this?

Medical (prescriptions, dentists, opticians etc.)

7 This is low up to £30

Buildings Insurance

0 Do you not have buildings insurance or is it part of your mortgage?

Contents Insurance

0 Don't you have this?

Life Assurance

24

Other Insurance

30 What is this?

Presents (birthday, christmas etc.)

65 The OR will cut this most likely. If you want to try for it lower to about £20

Haircuts

10

Holiday

80 Lower this to £40

Total monthly expenses

1456


I am assuming you are single?