Bankruptcy Dilema!!!!

charliebrown10

does somebody come to the house to value all your belongings ? what will be taken ? we have a tv that cost around 400 but its mine and im still paying for it , could they take this ?
thankyou to everyone trying to help !! its nice to know theres some nice people out there

dalip

charliebrown10 wrote: »

thanks ,
so i put all utiliites etc then what isnt covered by his wage i put as a contrabution from me . up to a pont yes!
can i not leave the mobiles out of this as they are in my name and paid for out of my benefit as is the tv?you are allowed a certain amount,regardless so just put £60 for both and leave it at that we got sky because freeview dosnt work in our area will this be taken off us ?no yoUu are just not allowed it on your i&e,you can still have it just pay out of any suplus again its in my name and paid for by me.
i have just been reading up on weather or not his car will be taken ? its worth about 200 and i wouldnt say that its upkeep is excessive ? he just wouldnt be able to keep his job if it was to go , he works about 15miles from home we live in a little village and i dont think the bus would be an option !! he works lots of different shifts sometimes working upto 10.30 in the evening and it wouldnt be possable for me to collect him as i would have 4 sleeping babies at that time of night? would they take this into consideration or are they really as bad as people are making out ?

Usually if a car is needed for work and is of little value then you will probe able to keep it but it is down to the indivdua OR.dX

dalip

No nobody comes to the house and the OR is not interested in anything under £1,000 in value.Dx

charliebrown10

hi , ive had another go at the soa does this look more like it should ?
would anything be claseed as excessive? how much allowance are you allowed for food ? i have put down what we spend but it sounds alot ? there is 6 of us to are in nappies ?
Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 4
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1200
Partners monthly income after tax....... 460
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1660
Monthly Expense Details
Mortgage................................ 0
Secured loan repayments................. 0
Hire Purchase (HP) repayments........... 0
Rent.................................... 400
Management charge (leasehold property).. 0
Council tax............................. 110
Electricity............................. 45
Gas..................................... 45
Oil..................................... 0
Water rates............................. 27
Telephone (land line)................... 30
Mobile phone............................ 0
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 25
Groceries etc. ......................... 600
Clothing................................ 40
Petrol/diesel........................... 80
Road tax................................ 15
Car Insurance........................... 37
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 150
Other child related expenses............ 40
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 0
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1656

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 200
Other assets............................ 0
Total Assets............................ 200

No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
natwest loan...................16000.....0.........0
natwest credit card............3500......0.........0
argos..........................1000......0.........0
hfc............................120.......0.........0
Total unsecured debts..........20620.....0.........-

Monthly Budget Summary
Total monthly income.................... 1,660
Expenses (including HP & secured debts). 1,656
Available for debt repayments........... 4
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 4
Personal Balance Sheet Summary
Total assets (things you own)........... 200
Total HP & Secured debt................. -0
Total Unsecured debt.................... -20,620
Net Assets.............................. -20,420
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission.

dalip

charliebrown10 wrote: »

hi , ive had another go at the soa does this look more like it should ?
would anything be claseed as excessive? how much allowance are you allowed for food ? i have put down what we spend but it sounds alot ? there is 6 of us to are in nappies ?
Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 4
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1200
Partners monthly income after tax....... 460
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1660
Monthly Expense Details
Mortgage................................ 0
Secured loan repayments................. 0
Hire Purchase (HP) repayments........... 0
Rent.................................... 400
Management charge (leasehold property).. 0
Council tax............................. 110
Electricity............................. 45
Gas..................................... 45
Oil..................................... 0
Water rates............................. 27
Telephone (land line)................... 30
Mobile phone............................ 0
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 25
Groceries etc. ......................... 600£500
Clothing................................ 40
Petrol/diesel........................... 80
Road tax................................ 15
Car Insurance........................... 37
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 150
Other child related expenses............ 40£60
Medical (prescriptions, dentist etc).... 0£20
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0£20
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 0£20
Entertainment........................... 0
Holiday................................. 0£20
Emergency fund.......................... 0
Total monthly expenses.................. 1656

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 200
Other assets............................ 0
Total Assets............................ 200

No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
natwest loan...................16000.....0.........0
natwest credit card............3500......0.........0
argos..........................1000......0.........0
hfc............................120.......0.........0
Total unsecured debts..........20620.....0.........-

Monthly Budget Summary
Total monthly income.................... 1,660
Expenses (including HP & secured debts). 1,656
Available for debt repayments........... 4
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 4
Personal Balance Sheet Summary
Total assets (things you own)........... 200
Total HP & Secured debt................. -0
Total Unsecured debt.................... -20,620
Net Assets.............................. -20,420
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission.

If you OR wanted he could cut the H/K so i have put things in that they allow and you have not claimed for in order to lower the H/K.Will get fuzzyone to take a look. She is new but very very good at i&e sheets.Dx

charliebrown10

would we be able to pay my husbands wage into a bankaccount in my name ? so his wage dosnt get frozen or will this be frowned upon ?