Br in the morning can u check my soa final edit thanks

wallopadonkey

Statement of Affairs and Personal Balance Sheet

Household Information
Number of adults in household........... 2
Number of children in household......... 3
Number of cars owned.................... 2

Monthly Income Details
Monthly income after tax................ 922
Partners monthly income after tax....... 0
Benefits................................ 710
Other income............................ 0
Total monthly income.................... 1632

Monthly Expense Details
Mortgage................................ 590
Secured loan repayments................. 270
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 90
Electricity............................. 35
Gas..................................... 35
Oil..................................... 0
Water rates............................. 50
Telephone (land line)................... 57
Mobile phone............................ 0
TV Licence.............................. 12
Satellite/Cable TV...................... 22
Internet Services....................... 0
Groceries etc. ......................... 520
Clothing................................ 100
Petrol/diesel........................... 130
Road tax................................ 34
Car Insurance........................... 55
Car maintenance (including MOT)......... 40
Car parking............................. 0
Other travel............................ 34
Childcare/nursery....................... 0
Other child related expenses............ 32
Medical (prescriptions, dentist etc).... 8
Pet insurance/vet bills................. 3
Buildings insurance..................... 0
Contents insurance...................... 12
Life assurance ......................... 0
Other insurance......................... 8
Presents (birthday, christmas etc)...... 28
Haircuts................................ 15
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 40
boiler cover............................ 17
Total monthly expenses.................. 2237


Assets
Cash.................................... 0
House value (Gross)..................... 120000
Shares and bonds........................ 0
Car(s).................................. 700
Other assets............................ 0
Total Assets............................ 120700


Secured Debts
Description....................Debt......Monthly...APR
Mortgage...................... 125000...(590)......0
Secured Debt.................. 25000....(270)......0
Total secured debts........... 150000....-.........-

Unsecured Debts
Description....................Debt......Monthly...APR
total loans + cc...............31226.....824.......0
Total unsecured debts..........31226.....824.......-


Monthly Budget Summary
Total monthly income.................... 1,632
Expenses (including secured debts)...... 2,237
Available for debt repayments........... -605
Monthly UNsecured debt repayments....... 824
Amount short for making debt repayments. -1,429

Personal Balance Sheet Summary
Total assets (things you own)........... 120,700
Total Secured debt...................... -150,000
Total Unsecured debt.................... -31,226
Net Assets.............................. -60,526

Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission.

We got help from cccs on this but we have not included the debts etc in this however payment to creditors come to £824 on top of that lot and we are hoping to get £200 in housing benefit but landlady not on electoral role so wont pay up yet.

cheers dave

deedee_3

How many adults and children is this for.

You may find it easier if you do it on this and then C&P it across.

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

peachyprice

Ooh, that's a bit hard to read, can you make it a little easier? Some comments from what I can read:

Is the £600 rent or mortgage?
The £267 arrears from water or council tax will go into BR
Pet food goes into housekeeping
£824 repayments to creditors won't exist.
You can't include satelite TV

wallopadonkey

sorry 2 adults 3 children under 5
doing it now to help the formatting lol

cheers

wallopadonkey

reformatted
we have left the house and moved into private rental.
mortgage was £590 interest only not paying that as per cccs advice
first plus secured loan of £270 not paying that as per cccs advice
now are private renting at £600 per month and hope to get some housing benefit but landlord not playing the game currently!!
sorry about the clarity it was perfect before i posted it lol

thank you for your time
dave

peachyprice

Hi wallop,

You need to fill it in as you are now, in your rental home, with the bills etc as they are there, and you need to remove anything that relates to the mortgaged home.

wallopadonkey

i think i understand however that form for the formatted thingy above asked for the mortgage information
they have not taken the house back yet even though we havnt paid the mortgage for 6 months
so cancel the secured loan mortgage and the payment to all the unsecured creditors and we are left with a deficit of £-283 per month
cheers
dave

peachyprice

wallopadonkey wrote: »

Statement of Affairs and Personal Balance Sheet

Household Information
Number of adults in household........... 2
Number of children in household......... 3
Number of cars owned.................... 2

Monthly Income Details
Monthly income after tax................ 922
Partners monthly income after tax....... 0
Benefits................................ 710
Other income............................ 0
Total monthly income.................... 1632

Monthly Expense Details
Mortgage................................
Secured loan repayments.................
Rent.................................... 600
Management charge (leasehold property).. 0
Council tax............................. 90
Electricity............................. 35
Gas..................................... 35
Oil..................................... 0
Water rates............................. 50 Does this include arrears?
Telephone (land line)................... 57
Mobile phone............................ 0
TV Licence.............................. 12
Satellite/Cable TV...................... 22 Not allowed
Internet Services....................... 0
Groceries etc. ......................... 520
Clothing................................ 100
Petrol/diesel........................... 130
Road tax................................ 34
Car Insurance........................... 55
Car maintenance (including MOT)......... 40
Car parking............................. 0
Other travel............................ 34
Childcare/nursery....................... 0
Other child related expenses............ 32
Medical (prescriptions, dentist etc).... 8
Pet insurance/vet bills................. 3
Buildings insurance..................... 0
Contents insurance...................... 12
Life assurance ......................... 0
Other insurance......................... 8
Presents (birthday, christmas etc)...... 28 Not allowed
Haircuts................................ 15
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 40 Not allowed
boiler cover............................ 17 Not allowed
Total monthly expenses.................. 2237


Assets
Cash.................................... 0
House value (Gross)..................... 120000
Shares and bonds........................ 0
Car(s).................................. 700
Other assets............................ 0
Total Assets............................ 120700


Secured Debts
Description....................Debt......Monthly...APR
Mortgage...................... 125000...(590)......0
Secured Debt.................. 25000....(270)......0
Total secured debts........... 150000....-.........-

Unsecured Debts
Description....................Debt......Monthly...APR
total loans + cc...............31226.....824.......0
Total unsecured debts..........31226.....824.......-


Monthly Budget Summary
Total monthly income.................... 1,632
Expenses (including secured debts)...... 2,237
Available for debt repayments........... -605
Monthly UNsecured debt repayments....... 824
Amount short for making debt repayments. -1,429

Personal Balance Sheet Summary
Total assets (things you own)........... 120,700
Total Secured debt...................... -150,000
Total Unsecured debt.................... -31,226
Net Assets.............................. -60,526

Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission.

We got help from cccs on this but we have not included the debts etc in this however payment to creditors come to £824 on top of that lot and we are hoping to get £200 in housing benefit but landlady not on electoral role so wont pay up yet.

cheers dave

Dave if you have a deficit you need to cut back on your outgoings. On the figures you have used but including rent instead of mortgage & secured loan your deficit is £335, not £283. The judge may ask where you are going to find this money from every month and can refuse BR on the grounds that it will not help as you will still be getting into more debt.

Does your wife work?

wallopadonkey

that is what we were worried about
however with the housing benefit we should get we will be very close indeed
just need to get the landlord to give a letter to the local council to confirm we are renting from them
thankyou
we will amend that now
need to try to get to sleep big day morrow
cheers again

DON79

yes do try get a good nights sleep and hope that things go really well for you tomorrow. Sleep well!

DON79

wallopadonkey wrote: »

Statement of Affairs and Personal Balance Sheet

Household Information
Number of adults in household........... 2
Number of children in household......... 3
Number of cars owned.................... 2

Monthly Income Details
Monthly income after tax................ 922
Partners monthly income after tax....... 0
Benefits................................ 710
Other income............................ 0
Total monthly income.................... 1632

Monthly Expense Details
Mortgage................................ 590
Secured loan repayments................. 270
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 90
Electricity............................. 35
Gas..................................... 35
Oil..................................... 0
Water rates............................. 50
Telephone (land line)................... 57
Mobile phone............................ 0
TV Licence.............................. 12
Satellite/Cable TV...................... 22
Internet Services....................... 0
Groceries etc. ......................... 520
Clothing................................ 100
Petrol/diesel........................... 130
Road tax................................ 34
Car Insurance........................... 55
Car maintenance (including MOT)......... 40
Car parking............................. 0
Other travel............................ 34
Childcare/nursery....................... 0
Other child related expenses............ 32
Medical (prescriptions, dentist etc).... 8
Pet insurance/vet bills................. 3
Buildings insurance..................... 0
Contents insurance...................... 12
Life assurance ......................... 0
Other insurance......................... 8
Presents (birthday, christmas etc)...... 28
Haircuts................................ 15
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 40
boiler cover............................ 17
Total monthly expenses.................. 2237 - I only make this total to be £1892 after the removal/reductions that Peachy suggested.

So that gives you a deficit of £260 which you could cut down by trimming bits off a few things like groceries and petrol and clothing etc. Someone on here has had a deficit before and still gone BR - they said something to the judge along the lines that they were currently working on a way to improve the situation. the Judge still granted them BR, not sure who it was tho.