Bankruptcy advice pre-pay cards official receiver what happens to my car MSE WANNABE

flaxvert

Happy!! Best thing i could have ever done! Not gonna die worrying anymore!

And yes, thanks FYP for the tip on the car, its true i do need it for school so will emphasize that when with the OR. Cheers!

flaxvert

Happy!! Best thing i could have ever done! Not gonna die worrying anymore!

I have had another long chat with my CAB and have made the call to Lincoln county court to book a bankruptcy appointment. The earliest she can get me in is 18th November so theres a 2 week waiting period, good, it gives me time to cancel direct debits and contact BT and Virgin broadband to cancel the contracts. I had already filled in the Statement of Affairs online and sent a copy to the CAB. We have gone through it with a fine toothed afro comb and im now making the admendments. Also as im on income support I have filled out form EX160 (fee remission) so i can save the £150 court costs, then all i need to pay is the £340 for the OR. One question with that though, do I need to send it anywhere or do I take it to the court on the 18th?

Steve.

fiveyearplan

I'm sure you take it to the court on the 18th but some courts operate differently. For example I didn't have to make an appointment it was a walk in service. To put your mind at ease check this site and it will give you the phone number of the court so you can phone and make sure.

http://www.hmcourts-service.gov.uk/

Also make sure it is the correct court for your address. The court I had to go to wasn't necessarily the nearest one to me. Better safe than sorry.

Also post your SOA on here. This site is excellent for that sort of thing. We've all done them!

flaxvert

Happy!! Best thing i could have ever done! Not gonna die worrying anymore!

Ok I will bell them tomorrow and find out RE: EX160. As for posting my SOA I have no idea how, Its currently on my lappy as a PDF d/l from https://www.insolvencydirect.gov.uk/isolv/public/access/PublicUserLogin.do
at least thats the page that i log into, how d oi post it here? its 30 odd pages long... TIA FYP Steve

fiveyearplan

No an SOA shouldn't be more than one page, I'm just talking about your living expenses like this


Income

rent/mortgage
council tax
gas
elec
water
phone
groceries
etc

philnicandamy

SOA calc here

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

flaxvert

Happy!! Best thing i could have ever done! Not gonna die worrying anymore!

Monthly Income Details
Monthly income after tax................ 0
Partners monthly income after tax....... 0
Benefits................................ 774.94
Other income............................ 0
Total monthly income.................... 774.94

Monthly Expense Details
Mortgage................................ 0
Secured loan repayments................. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 86
Electricity............................. 43.33
Gas..................................... 0
Oil..................................... 20.84
Water rates............................. 51
Telephone (land line)................... 20
Mobile phone............................ 37
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 265.27
Clothing................................ 0
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 162.75
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 60.02
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 0
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 758.21

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 3500
Car(s).................................. 300
Other assets............................ 0
Total Assets............................ 3800

Secured Debts
Description....................Debt......Monthly...APR
Mortgage...................... 211000...(0)........5
Secured Debt.................. 2100.....(0)........0
Total secured debts........... 213100....-.........-

Unsecured Debts
Description....................Debt......Monthly...APR
british gas electric...........4211......4211......0
various small debts............850.......850.......0
Total unsecured debts..........5061......5061......-

Monthly Budget Summary
Total monthly income.................... 774.94
Expenses (including secured debts)....... 758.21
Available for debt repayments........... 16.73
Monthly UNsecured debt repayments....... 5,061
Surplus(deficit if negative)............ -5,044.27

Personal Balance Sheet Summary
Total assets (things you own)........... 3,800
Total Secured debt...................... -213,100
Total Unsecured debt.................... -5,061
Net Assets.............................. -214,361

Created using the SOA calculator at https://www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission.[/font]

======== Enter any other useful information below ========

e.g. the number of adults & children in the household, the number

of cars included in the SOA or anything else that may be useful.


Additional... I have the 1 child with special needs and i have 1 car
which i use to get to his school once a week at least for courses on autism and parenting.

Groceries came up on this list as £265 because there was no where to put housekeeping on the form.

This is a direct copy of the "common financial statement summary" from the CAB. Oh and what a fab util the calk was! Cheers phil!

flaxvert

Happy!! Best thing i could have ever done! Not gonna die worrying anymore!

Quick question, I spoke again today to the council as the posession order is on the 24th and she said i can stay here until they get an eviction notice... so how long am i looking at b4 i get booted out? Steve

OhDear

How do you have a mortgage of £211,000 on a house worth £0? I think you may have missed that.:D

flaxvert

Happy!! Best thing i could have ever done! Not gonna die worrying anymore!

Hmm.. see what you mean, well my mortgage payments are £1.500 a month, i owe now £210,000 on the mortgage to settle the debt as ive not paid it for nigh on 22 months. The value of the property is estimated at £150,000 for a quick sale. Hope that helps.