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Filling out your Soa when you are both going BR.

13

Comments

  • tigerfeet2006
    tigerfeet2006 Posts: 14,030 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    :mad: Computer keeps crashing. Will try later on with what the IS have said.
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    The only stupid question is an unasked one
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  • Merry_Gentry
    Merry_Gentry Posts: 3,627 Forumite
    :mad: Computer keeps crashing. Will try later on with what the IS have said.

    Sorry to hear about the computer Tiger, but very interested to hear what the IS have said.
    Get free advice before embarking on bankruptcy: CCCS 0800 138 1111 National Debtline 0808 808 4000
    Business Debt Line 0800 197 6026 CAB Insolvency Service- 0845 602 9848
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  • Merry_Gentry
    Merry_Gentry Posts: 3,627 Forumite
    edited 10 April 2009 at 6:17PM
    For Queen:

    Based on the figures you have provided:

    Total expenditure: 2,025
    Your percentage: 1,114
    OH percentage : 912

    Your surplus : 311
    His surplus : 268
    Get free advice before embarking on bankruptcy: CCCS 0800 138 1111 National Debtline 0808 808 4000
    Business Debt Line 0800 197 6026 CAB Insolvency Service- 0845 602 9848
    "He who laughs last didn't get it!" :rotfl:BSC 134

  • powell16
    powell16 Posts: 114 Forumite
    hello

    we went bankrupt 6th march and i too found completing the soa difficult and i couldnt get my head round it either!!

    on my soa i put my full income, child benefit and any tax credits. then i got some scrap paper and worked out my expenditure, i need my car for work so i put down all the car expenditure on my soa, i put utility bills on both and groceries on both, contents ins, t.v license, council tax also on both forms (the same amount). then, we have 4 children so i put £20 on mine and £20 on hubbys for haircuts and added any other outgoings, then i added the expenditure up and deducted my income and child benefit, that then left me with the figure i needed to put down for my husbands contribution.
    i just reversed it for my husbands soa, i had my or interview 2 weeks ago and everything was fine she didnt query anything, although she did say we couldnt have monthly outgoings for dental etc but she added it into our holiday fund so not alll that bad.

    i hope this makes sense,

    sally x
    bankrupt on 6th march 2009:o looking forward now to new beginnings:j
  • Hi I have just done two SOA's and posted them on a new thread for me and my partner if anyone would like to have a look. I have used my full income on mine and the share for joint things on my partners income and viceversa! see what you fink
    Thanks all!!
    xxxxx
  • Queen
    Queen Posts: 788 Forumite
    Hi thanks for working out contributions, total expenditure of £2025 is all household + my expenses but does not include OH expenses
  • Queen
    Queen Posts: 788 Forumite
    Hi I am very confused if we do a joint SOA we only have a surplus of £250 so I cann't understand where the high surplus is from single SOA joint SOA is £2479 income including CB is £2730 which I understand they do not take CB into account
  • Queen
    Queen Posts: 788 Forumite
    Sorry for being a pest the expenditure of £2025 is just mine there is another £444 for my OH which is next to my figures therefore I don't think he will any surplus if that's how its calculated I think we will have a total surplus between us of £311 if not less
  • Merry_Gentry
    Merry_Gentry Posts: 3,627 Forumite
    edited 12 April 2009 at 1:44AM
    Queen, it was only meant to be a very basic calculation - I had no way of knowing that there was child benefit in there as it simpy states benefits, and not what kind they are :confused:. I thought you had shown the total household expenditure rather than done 2 SOAs side by side, which looking back on it I can now see, but must admit to me it looks very confusing.

    However, you should be able to work it out for yourself now you know the percentage contribution from you and your OH, and any tweaks you make to your SOA can be taken into account. I think it would be best if I don't do any more calculations for you as I wouldn't want to confuse matters any further.
    Get free advice before embarking on bankruptcy: CCCS 0800 138 1111 National Debtline 0808 808 4000
    Business Debt Line 0800 197 6026 CAB Insolvency Service- 0845 602 9848
    "He who laughs last didn't get it!" :rotfl:BSC 134

  • Queen
    Queen Posts: 788 Forumite
    :rotfl:Thank you for your help I did start to panic a touch, I have calculated total income £2479 this is total expenditure for both of us and if that's the case using the contributions and not full income there will not be any IPA hope I have worked this out correctly I will just wait for them the deal with it thanks again for your time and help
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