SOA check before OR interview please! LONG POST WARNING!

wallopadonkey

ok have put this into a new thread to save reading through the other one :rolleyes:

here is the original final SOA put here which everyone thought was good below

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............................ 200
Total monthly income.................... 1832

Monthly Expense Details
Mortgage................................ 0
Secured loan repayments................. 0
Rent.................................... 600
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...................... 0
Internet Services....................... 0
Groceries etc. ......................... 512
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............ 0
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)...... 0
Haircuts................................ 15
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
(Unnamed monthly expense)............... 0
Total monthly expenses.................. 1830


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

No Secured Debt

Unsecured Debts
Description....................Debt......Monthly.. .APR
Total unsecured debts..........0.........0.........-


Monthly Budget Summary
Total monthly income.................... 1,832
Expenses (including secured debts)...... 1,830
Available for debt repayments........... 2
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 2

Personal Balance Sheet Summary
Total assets (things you own)........... 700
Total Secured debt...................... -0
Total Unsecured debt.................... -0
Net Assets.............................. 700

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


and this is the soa we filed in our bankruptcy

rent........................................................................£600
housekeeping.........................................................£512
gas, electric............................................................£70
water......................................................................£50
telephone charges...................................................£57
travelling to and from and other essential journeys.....£130
clothing...................................................................£100
council tax...............................................................£90
other essential payments .........................................£221
eg household insurance,car tax and repairs................

no receipts lol
petrol is for 2 cars per month total value of 2 cars just 700 quid
we have 3 toddlers so have an old galaxy to give us the space (2.0ltr) £600
work car is an old citroen ax 1ltr £100
all our family live 70 miles away
so we go there 2 times per month
i travel to work 6 days per week and it is 12 miles round trip
small car not big enough for us to fit into (3 baby seats) but cheap to run to work
big car thirsty (ish) with plenty space.
i can use the big car for work but more likely than not wife will run me in daily then do the school run for 2 boys etc with baby school is 3 trips per day doctors are 5 miles away for health checks
my work is 7 45 am till 5 daily but i have to do home visits (measuring up) from time to time. buck stops with me
insurance as stated 55 per month both of us (i have 9 points lol)
mot etc 40 per month
tax is 34 per month (should be 24 1 big 1 small)

we left out holidays from soa and house insurance is basic and cheap
gas and electric are not confirmed yet as they are only the original set up direct debit amounts and we have hammered the heating as bloody freezing at moment so could (should) be more maybe
i just want to make sure figures are straight
need to look at the other figures to check they are max allowance if possible


sorry for the length of this post just need to make sure i am bob on for the phone interview tomorrow

one other little point is that my wife has no wage just benefits (child benefit and working tax credit)
we are currently not getting the housing benefit but have been told we should get it and it will be back dated (really hope so)

sorry for the huge post lol

peachyprice

Hiya Dave,
Is the child benefit included in the benefit figures above?

If it is you're well within your surplus, it will be £99 + £185 CB before they can take an IPA.

If it isn't you need to add it in and up some things.

MrsWallop

He's bathing kids lol!

But yes, CB is included in the figure. The 710 benefits is made up of child tax credit and child benefit, which is paid to me and is my sole income atm.

Thanks Peachy xx

DON79

Is he getting splashed to death Mrs W - mine always splash me and it gets everywhere! and youngest latest trick is to drop the wet toys out onto the floor! gets the water all over the place.

MrsWallop

haha! :rotfl:

The bathroom and him normally end up with more water than is in the bath - im sure most of it is his doing tho! :rolleyes:
The baby (nearly 1 now - OMG!!!) keeps trying to eat the wet sponge and choking, or he gets the hair wash jug and pretends its a hat! bless him!

DON79

oh yes I know what that is like - my youngest is 16 months, he likes to suck the sponge! Eeugh! and this is while the oldest tips water over his head! but he doesn't care - I have one who hates the water, he is ok in the bath but not keen on swimming and the youngest loves it and doesn't bat an eyelid at getting water over his head.

peachyprice

MrsWallop wrote: »

He's bathing kids lol!

But yes, CB is included in the figure. The 710 benefits is made up of child tax credit and child benefit, which is paid to me and is my sole income atm.

Thanks Peachy xx

Great, leave is as it is then. :j

One of my DS's used to suck the sponge, bleugh

wallopadonkey

what i was after was 'moving' something from the petrol pile into something non negotiable so as to put car into better light!

ie make anything else i have missed replace some of the car bills as they are needed but not identifiable (you find the money for petrol from cash or whatever rather than it being a direct debit)

i am trying to to keep the vehicle expenses low whilst not giving anything else sacrificial status

what else on these figures seem low?
if i take 50 per month for holidays and 10 per adult and 5 per child haicuts am i on the right track

are gas and eleccy bills about right/

thankyou for all your help and support
dave
i am bloody soaked now!

DON79

Hi wallopadonkey - the holiday and hair cut adjustments sound just fine - on the flip side, you don't want to make the car expenses too low so that it seems you hardly use it and therefore don't really need it but I think the changes you have mentioned will balance it out nicely. gas and leccy look fine too.

wallopadonkey

thank you hunny

peachyprice

To be honest I wouldn't worry too much, as I said before they would have to chop off £284 to get an IPA, which I doubt they would as nothing is excessive. If you were only £20-£30 away from an IPA it would be different, but you're so far off, they're not going to worry too much exactly how much you have allocated for what.