BR help

rankov

Have recently gone bankrupt and OR have asked me to pay £400 a month for 3 years. One of my problems is that I borrowed some money from my parents who took out a remortgage for me. I told the OR that i need to pay £350 a month to them or they could lose there home. The OR have said they have to go down as creditors, so the £350 is not taken into account on my disposable income. I tried to talk to OR about the situation but they were adament they couldnt help. Does anyone have any advise on this situation? Also advise on what i can put down as outgoings which may reduce the sum the OR wants from me.
Many thanks

tigerfeet2006

I am sorry but the OR is perfectly correct in his assesment and your parents are creditors.

Please can you put the SOA that the OR allowed you up here and we can check it over for you and have a look see if there is any other way to find a bit more money.

Please also tell us how many people it is for and if you have any pets.

dalip

Hi. The OR is quite correct in what he is saying i am afraid. If you post your household income and expenditure on here we can have a look to make sure you are claiming all you should be. Also we would need to know how many adults and children in your household.Dx

dalip

Snap TF:D. I seem to have a habit of overlapping posts:o

rankov

These are the amounts the OR has allowed me. Im alone in the BR, but I share a house with a mate from work. No pets.
Rent £362
Housekeeping £200
Gas,Elec,Heating £100
Water £12
Phone £34
Petrol £200
Maintenence £280
Council Tax £62
TV Licence £12
Car £50
Birth/Xmas £20
All per month.

december

Just from a quick look at the SOA you just posted, how about contents insurance? You didn't mention if the £50 for the car includes; road tax, insurance, MOT and repairs. If it does then this might be able to be adjusted.

Also you haven't included holidays, dentist or clothing.

December

dalip

dry cleaning £15,clothes £30, pescriptions £10, dentist £10,opticians £10 ,house insu £10,haircuts £10 to name but a few not much but it all adds up.Dx

rankov

Ill add those bits to my exspenses and see what OR says.
Thanks for the advise

lindsaygalaxy

they remortgages their home to give you money? Would it not be possible for you to move back in with them for a while so you could be paying them the rent money etc to help?

tigerfeet2006

dalip wrote: »

Snap TF:D. I seem to have a habit of overlapping posts:o

Great minds and all that . At least it shows that we are singing from the same hymn sheet and the OP knows he is getting good information.

Rankov put your SOA up using this template when you've finished we will give it a final look over.

http://www.makesenseofcards.com/soacalc.html

Just tell the OR that you under estimated some of your expenses.

May I ask who advised you about your BR?