How does this look D Day tommorrow

stickysituation

How does this look everyone both myself and dh are going bankrupt
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.................... 1
Monthly Income Details
Monthly income after tax................ 485
Partners monthly income after tax....... 1150
Benefits................................ 592
Other income............................ 0
Total monthly income.................... 2227
Monthly Expense Details
Mortgage................................ 0
Secured loan repayments................. 0
Rent.................................... 525
Management charge (leasehold property).. 0
Council tax............................. 101
Electricity............................. 55
Gas..................................... 55
Oil..................................... 0
Water rates............................. 30
Telephone (land line)................... 50
Mobile phone............................ 0
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 500
Clothing................................ 100
Petrol/diesel........................... 80
Road tax................................ 20
Car Insurance........................... 30
Car maintenance (including MOT)......... 20
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 15
Medical (prescriptions, dentist etc).... 7
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 10
Life assurance ......................... 10
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 20
Entertainment........................... 0
Holiday................................. 40
Emergency fund.......................... 0
Total monthly expenses.................. 1680

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

No Secured Debt
Unsecured Debts
Description....................Debt......Monthly...APR
credit card....................3500......90........0
credit card....................3300......80........0
credit card....................2400......80........0
dfs............................800.......30........0
next...........................850.......88........0
store card.....................550.......25........0
loan...........................2800......100.......0
loan...........................11400.....292.......0
crdit card.....................3800......100.......0
crdit card.....................4400......81........0
credit card....................700.......15........0
crdit card.....................1000......27........0
Total unsecured debts..........35500.....1008......-

Monthly Budget Summary
Total monthly income.................... 2,227
Expenses (including secured debts)...... 1,680
Available for debt repayments........... 547
Monthly UNsecured debt repayments....... 1,008
Amount short for making debt repayments. -461
Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total Secured debt...................... -0
Total Unsecured debt.................... -35,500
Net Assets.............................. -35,500
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission.

dalip

stickysituation wrote: »

How does this look everyone both myself and dh are going bankrupt
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.................... 1
Monthly Income Details
Monthly income after tax................ 485
Partners monthly income after tax....... 1150
Benefits................................ 592
Other income............................ 0
Total monthly income.................... 2227
Monthly Expense Details
Mortgage................................ 0
Secured loan repayments................. 0
Rent.................................... 525
Management charge (leasehold property).. 0
Council tax............................. 101
Electricity............................. 55
Gas..................................... 55
Oil..................................... 0
Water rates............................. 30
Telephone (land line)................... 50
Mobile phone............................ 0
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 500up this to £550 at least
Clothing................................ 100£150
Petrol/diesel........................... 80
Road tax................................ 20
Car Insurance........................... 30
Car maintenance (including MOT)......... 20
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 15
Medical (prescriptions, dentist etc).... 7£20
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 10£20
Life assurance ......................... 10£20
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 20£35
Entertainment........................... 0
Holiday................................. 40
Emergency fund.......................... 0
Total monthly expenses.................. 1680

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

No Secured Debt
Unsecured Debts
Description....................Debt......Monthly...APR
credit card....................3500......90........0
credit card....................3300......80........0
credit card....................2400......80........0
dfs............................800.......30........0
next...........................850.......88........0
store card.....................550.......25........0
loan...........................2800......100.......0
loan...........................11400.....292.......0
crdit card.....................3800......100.......0
crdit card.....................4400......81........0
credit card....................700.......15........0
crdit card.....................1000......27........0
Total unsecured debts..........35500.....1008......-

Monthly Budget Summary
Total monthly income.................... 2,227
Expenses (including secured debts)...... 1,680
Available for debt repayments........... 547
Monthly UNsecured debt repayments....... 1,008
Amount short for making debt repayments. -461
Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total Secured debt...................... -0
Total Unsecured debt.................... -35,500
Net Assets.............................. -35,500
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission.

Unless i have got this wrong those figures need altering:o

DON79

Hi, looks good dalip

the only things I would suggest is increase petrol to £100 (lots of driving around for the children etc), increase the childrens activites to £20/£25, and I would increase your holiday to £60 - because a family of five costs more to take away than just two adults and 1 child. and then if the OR does cut back on things, then you will probably end up with the original figures anyway so you won't lose anything at all.

hope this helps too.

and I didn't realise that you were going BR tomorrow too so wanted to wish you all the best for tomorrow, hope it goes really well for you!

stickysituation

Good luck to you too.

deedee_3

Sorry I haven't had time to add up the sums but if you need to find some extra money then put down activities for kids at £5 per child per week.

Do your DC have school meals?

peachyprice

Good luck Sticky, hope it all goes well today

dalip

Yes good luck to you both for this morn.

Lots of threads to read later seeing as there are a few doing the deed today.

Good luck to you all.Dx

So_Sad_Angel

Good luck today !

Angexx

ohwell

Good luck to you both. all the best.

clanbailey

good luck and let us know how it goes