Both our SOA's

miss_spooky

Hello all,

I hope I've done this right. Here's my oh & my soa based on 2 adults, 2 children & 2 cats (currently living with my parents). We're in a hostel so have low elec, but have to pay for laundry. Exempt from ctax until we are rehoused.

Household & joint debts are on both, but personal debts are on our own soa's.

Mine:

Statement of Affairs and Personal Balance Sheet

Monthly Income Details

Monthly income after tax................ 0
Partners Contribution....... 600
Benefits................................ 938
Other income............................ 0
Total monthly income.................... 1538

Monthly Expense Details
Rent.................................... 496
Council tax............................. 0 Exempt until we move
Electricity............................. 25
Gas..................................... 0
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 0
Mobile phone............................ 30
TV Licence.............................. 23
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 500 (Son on special diet)
Clothing................................ 50
Petrol/diesel........................... 100
Road tax................................ 20
Car Insurance........................... 38
Car maintenance (including MOT)......... 20
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 10
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 20 (I'm asthmatic)
Pet insurance/vet bills................. 28
Buildings insurance..................... 0
Contents insurance...................... 20
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 10
Haircuts................................ 30
Entertainment........................... 0
Holiday................................. 40
Emergency fund.......................... 0
Car HP.................................. 183
Laundry................................. 30
Storage................................. 71
Total monthly expenses.................. 1728

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 1800 (The Car we're keeping is hp)
Other assets............................ 0
Total Assets............................ 1800

No Secured Debt

Unsecured Debts
Description....................Debt......Monthly...APR
BCT 2nd Car....................2100......215.......35
RVC............................400.......0.........0
C K Edrupt.....................709.......0.........0
Sth Elec.......................300.......0.........0
Scottish Power.................350.......0.........0
Water..........................197.......0.........0
Baker .........................4303......0.........0
Ctax...........................216.......12........0
Rundles .......................1877......50........0
UK Learning....................350.......0.........0
Eon............................379.......0.........0
Npower.........................213.......0.........0
Equidebt.......................1188......0.........0
NDR............................555.......0.........0
LLS............................101.......0.........0
Robinsonway....................224.......0.........0
1St Credit.....................768.......0.........0
Virgin.........................300.......0.........0
Sky............................114.......0.........0
3G.............................105.......0.........0
Natwest........................124.......0.........0
Nationwide.....................238.......0.........0
Inland Rev.....................268.......0.........0
Total unsecured debts..........15379.....277.......

Monthly Budget Summary
Total monthly income.................... 1,538
Expenses (including secured debts)....... 1,724
Available for debt repayments........... -186
Monthly UNsecured debt repayments....... 277
Surplus(deficit if negative)............ -463

Personal Balance Sheet Summary
Total assets (things you own)........... 1,800
Total Secured debt...................... -0
Total Unsecured debt.................... -15,379
Net Assets.............................. -13,579


His:

Statement of Affairs and Personal Balance Sheet

Monthly Income Details
Monthly income after tax................ 1200
Partners income after tax................
Benefits - partners contribution............500
Other income............................ 0
Total monthly income.................... 1700

Monthly Expense Details
Rent.................................... 496
Council tax............................. 0
Electricity............................. 25
Gas..................................... 0
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 0
Mobile phone............................ 30
TV Licence.............................. 23
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 500
Clothing................................ 20
Petrol/diesel........................... 0 (Has company car & feul card)
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 10
Pet insurance/vet bills................. 28
Buildings insurance..................... 0
Contents insurance...................... 20
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 10
Haircuts................................ 10
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
CSA (Arrears)........................... 125
Car HP.................................. 183
Laundry................................. 30
Storage................................. 71
Total monthly expenses.................. 1581

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 1800
Other assets............................ 0
Total Assets............................ 1800

No Secured Debt

Unsecured Debts
Description....................Debt......Monthly...APR
Arriva.........................1415......1.........0
1st Credit.....................2930......10........0
Capquest.......................628.......15........0
Sth Elec.......................300.......0.........0
Scottish Power.................350.......0.........0
Baker Lewis....................4304......0.........0
Rundles CTax...................1877......0.........0
Water..........................197.......0.........0
Welcome Fin....................3500......218.......38
Total unsecured debts..........15501.....244.......

Monthly Budget Summary
Total monthly income.................... 1,700
Expenses (including secured debts)....... 1,581
Available for debt repayments........... 119
Monthly UNsecured debt repayments....... 244
Surplus(deficit if negative)............ -125

Personal Balance Sheet Summary
Total assets (things you own)........... 1,800
Total Secured debt...................... -0
Total Unsecured debt.................... -15,501
Net Assets.............................. -13,701

deedee_3

miss_spooky wrote: »

Hello all,

I hope I've done this right. Here's my oh & my soa based on 2 adults, 2 children & 2 cats (currently living with my parents). We're in a hostel so have low elec, but have to pay for laundry. Exempt from ctax until we are rehoused.

Household & joint debts are on both, but personal debts are on our own soa's.

Mine:

Statement of Affairs and Personal Balance Sheet

Monthly Income Details

Monthly income after tax................ 0
Partners Contribution....... 600
Benefits................................ 938
Other income............................ 0
Total monthly income.................... 1538

Monthly Expense Details
Rent.................................... 496
Council tax............................. 0 Exempt until we move
Electricity............................. 25
Gas..................................... 0
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 0
Mobile phone............................ 30
TV Licence.............................. 23 Only allowed to put £12 down
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 500 (Son on special diet)
Clothing................................ 50 Could up this to at least £100 I think
Petrol/diesel........................... 100
Road tax................................ 20
Car Insurance........................... 38
Car maintenance (including MOT)......... 20
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 10
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 20 (I'm asthmatic)
Pet insurance/vet bills................. 28 Leave this but the OR may reduce slightly.
Buildings insurance..................... 0
Contents insurance...................... 20
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 10 may or may not be allowed but leave.
Haircuts................................ 30
Entertainment........................... 0
Holiday................................. 40
Emergency fund.......................... 0
Car HP.................................. 183
Laundry................................. 30
Storage................................. 71
Total monthly expenses.................. 1728

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 1800 (The Car we're keeping is hp)
Other assets............................ 0
Total Assets............................ 1800

No Secured Debt

Unsecured Debts
Description....................Debt......Monthly...APR
BCT 2nd Car....................2100......215.......35
RVC............................400.......0.........0
C K Edrupt.....................709.......0.........0
Sth Elec.......................300.......0.........0
Scottish Power.................350.......0.........0
Water..........................197.......0.........0
Baker .........................4303......0.........0
Ctax...........................216.......12........0
Rundles .......................1877......50........0
UK Learning....................350.......0.........0
Eon............................379.......0.........0
Npower.........................213.......0.........0
Equidebt.......................1188......0.........0
NDR............................555.......0.........0
LLS............................101.......0.........0
Robinsonway....................224.......0.........0
1St Credit.....................768.......0.........0
Virgin.........................300.......0.........0
Sky............................114.......0.........0
3G.............................105.......0.........0
Natwest........................124.......0.........0
Nationwide.....................238.......0.........0
Inland Rev.....................268.......0.........0
Total unsecured debts..........15379.....277.......

Monthly Budget Summary
Total monthly income.................... 1,538
Expenses (including secured debts)....... 1,724
Available for debt repayments........... -186
Monthly UNsecured debt repayments....... 277
Surplus(deficit if negative)............ -463

Personal Balance Sheet Summary
Total assets (things you own)........... 1,800
Total Secured debt...................... -0
Total Unsecured debt.................... -15,379
Net Assets.............................. -13,579


His:

Statement of Affairs and Personal Balance Sheet

Monthly Income Details
Monthly income after tax................ 1200
Partners income after tax................
Benefits - partners contribution............500
Other income............................ 0
Total monthly income.................... 1700

Monthly Expense Details
Rent.................................... 496
Council tax............................. 0
Electricity............................. 25
Gas..................................... 0
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 0
Mobile phone............................ 30
TV Licence.............................. 23 only allowed £12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 500
Clothing................................ 20 probably up to £50 if need be
Petrol/diesel........................... 0 (Has company car & feul card)
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 10 £15/20
Pet insurance/vet bills................. 28 leave but OR mat reduce slightly
Buildings insurance..................... 0
Contents insurance...................... 20
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 10 Leave but OR may disallow
Haircuts................................ 10
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
CSA (Arrears)........................... 125
Car HP.................................. 183
Laundry................................. 30
Storage................................. 71
Total monthly expenses.................. 1581

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 1800
Other assets............................ 0
Total Assets............................ 1800

No Secured Debt

Unsecured Debts
Description....................Debt......Monthly...APR
Arriva.........................1415......1.........0
1st Credit.....................2930......10........0
Capquest.......................628.......15........0
Sth Elec.......................300.......0.........0
Scottish Power.................350.......0.........0
Baker Lewis....................4304......0.........0
Rundles CTax...................1877......0.........0
Water..........................197.......0.........0
Welcome Fin....................3500......218.......38
Total unsecured debts..........15501.....244.......

Monthly Budget Summary
Total monthly income.................... 1,700
Expenses (including secured debts)....... 1,581
Available for debt repayments........... 119
Monthly UNsecured debt repayments....... 244
Surplus(deficit if negative)............ -125

Personal Balance Sheet Summary
Total assets (things you own)........... 1,800
Total Secured debt...................... -0
Total Unsecured debt.................... -15,501
Net Assets.............................. -13,701

Hope some of that helps I am sure some one will be along with some more ideas soon.

fiveyearplan

Hi Spooky. Something seems wrong here and your OH could end up with IPA. You have the car listed as an asset in both SOA's, who's name is it in,it should go on that one only and also it isn't as asset because its on HP so doesn't really belong to either of you yet. If the car is in OH's name then put all the expenses on his SOA. I also think you should put something down for petrol because I'm sure the company doesn't pay for his personal use. Put it down anyway.

Once you get rehoused you can do another SOA putting in more realistic costs for gas, elec, water, phone etc.

milliemonster

You also have rent at £496 on each SOA, making a total of £992, for staying a hostel???? is this right???, groceries of £500 on each SOA????, car HP on both???, I think you need to redo the SOA, because you both can't be paying these amounts, surely you need to divide them up between you both?

tigerfeet2006

Millie the way they have done this is perfectly correct as they are joint household expenses and they have put each others contribution to those expenses on the SOA's.

miss_spooky

Thank you for you advice.

fiveyearplan wrote: »

Hi Spooky. Something seems wrong here and your OH could end up with IPA. You have the car listed as an asset in both SOA's, who's name is it in,it should go on that one only and also it isn't as asset because its on HP so doesn't really belong to either of you yet. If the car is in OH's name then put all the expenses on his SOA. The car is in joint names, but I can put it on one sao. I will remove it as an asset from both.
I also think you should put something down for petrol because I'm sure the company doesn't pay for his personal use. Put it down anyway. I think he gets about 50 miles pm so I can put £40 which is £10 a week.

Once you get rehoused you can do another SOA putting in more realistic costs for gas, elec, water, phone etc. Do I do this when we see the OR or when we have moved?

I've done the soa as Tigerfeet said, this was how I'd been advised. I do realise that oh may get an IPA but not sure how to get "round" that. If he does, it's not a great loss and there are other things to be added at a later date. i.e: the CSA are reassessing his mtce due to recent payrise. The 125 is for arrears as he was below the threshold for current mtce, but this could change. Once that is done, they want to reassess the amount we're (he's)paying for arrears. Also as mentioned when we move we'll have utilities & ctax to pay.

Sunny_Bear

I dont think it is right that you have a deficit on yours. The court will look at ti and see that you still cant affford your bills, is there any way you can re jig it to make income equal expenditure?

When do you think you will be in your new home? Before br?

miss_spooky

Hi

Sunny_Bear wrote: »

I dont think it is right that you have a deficit on yours. The court will look at ti and see that you still cant affford your bills, is there any way you can re jig it to make income equal expenditure? I can up oh's contribution so that it's equal. It's hard to work out when you pool everything, but need to make it look acceptable...

When do you think you will be in your new home? Before br? We've been told that it takes up to a yr. We've been here for 5mths now, so we will be here when we go br. Date booked for 29th Oct

I'll be 40 on the 25th and br on the 29th. They say life begins at 40! lol.