revised soa-please look and advise

singleme

just me and 9 and 4 year old in house

income
tax credit 389
child benefit 135
income support 249
housing benefit 495
total 1268

expenses
rent 500
water 20
electric 20
gas 30
tv 12
food/house keeping 325
2* childrens school activity/trip/swimming bus contribution 15
haircuts 20
clothing/shoes 50
landline 15
mobile 25
internet 10
petrol 50
2* birthday/christmas 15
eve college childcare 10
road tax 11
car insurance/breakdown 25
mot/repairs/maintenance 15
holiday 50
total 1218

surplus 50

these are all actual figures-small house-am i ok as even if some of it is disallowed (eg. internet/christmas) i would need a surplus of £99 + £ 135 (my child benefit) = £234 before a payment order is made?

it hardly seems like i could trim by expenses by £234!!!!!!!!!

so am i ok to think I am safe with these figures?
can't help but worry about this all.

lisamummytoarchieplusbump

hello singleme as our only income is benefits you will not have to do a ipa thingy so it doesnt matter about having surplus. i am in the same boat as you

lisa

singleme

omg- really?! i have had soo many sleepless nights over this stuff-that is really good to know- i got my cashminder stuff today -so feel i getting there but court date not until 7th jan!!!!!!!!!!

lisamummytoarchieplusbump

cause its basicly the govenment decides thats the amount you need to live on so they cant take it. even if you do have a surplus. i was advised to up everything anyway as if you go to work before your discharged they will look into the original SOA and the new working one and work out a ipo/ipa thing(think i need to learn the technical words really when givin advice) so its best to not leave yourself short. a bankruptcy SOA is different from a DMP SOA as they try to make you cut back on everything to get more money for the debts but a br one doesnts expect you do only buy cheapy cheapy brands and sit indoors, they still want you to have a life thats why some OR allow a holiday fund. my court date is for 18 dec and im crapping it abit

lisamummytoarchieplusbump

the basic jist of the SOA is just to make sure you can survive on your income after br

chelseabun_3

Hi singleme,

your gas and elec look quite low - I know you said these are your actual figures, but as the prices are going up so much at the mo it wouldn't hurt to up these figures a bit. Lisa's right - they won't give you an IPA while on benefits but make sure your SOA is reasonable in case you have to revise it later.

I'd put £35 for MOT / repairs / maintenance - even if it's a reliable car. Try upping the clothes allowance - two growing children are expensive! Maybe £65?

The rest looks absolutely fine. All the best for the 7th Jan - try not to think about it too much til after Christmas, not easy I know but it would be a shame to let it overshadow too much. Just think - after 7th Jan you have a brand new start! CBx:D

singleme

just me and 9 and 4 year old in house

income
tax credit 389
child benefit 135
income support 249
housing benefit 495
total 1268

expenses
rent 500
water 20
electric 20 up to 25
gas 30 up to 35
tv 12
food/house keeping 325
2* childrens school activity/trip/swimming bus contribution 15
haircuts 20
clothing/shoes 50 up to 60
landline 15
mobile 25
internet 10
petrol 50
2* birthday/christmas 15
eve college childcare 10
road tax 11
car insurance/breakdown 25
mot/repairs/maintenance 15 up to 20
holiday 50
total 1218

surplus 50 reduced to 25


thank you for help/advise--good luck for 18th dec - i will try to relax until after the new year!!

LilyBart

£5 per child per week for childrens' activities, so £40, singleme.
Surplus, what surplus?
Good luck!
Lily

fiveyearplan

singleme wrote: »

just me and 9 and 4 year old in house

income
tax credit 389
child benefit 135
income support 249
housing benefit 495
total 1268

expenses
rent 500
water 20
electric 20 up to 25
gas 30 up to 35
tv 12
food/house keeping 325
2* childrens school activity/trip/swimming bus contribution 15
haircuts 20
clothing/shoes 50 up to 60
landline 15
mobile 25
internet 10 Add this to phone
petrol 50
2* birthday/christmas 15
eve college childcare 10 just call this child care
road tax 11
car insurance/breakdown 25
mot/repairs/maintenance 15 up to 20
holiday 50
total 1218

surplus 50 reduced to 25


thank you for help/advise--good luck for 18th dec - i will try to relax until after the new year!!

Thats great that you've got all this done a month early - I do everything at the last minute! Now you can enjoy the holidays.