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SOA advice please;

T-T_4
T-T_4 Posts: 21 Forumite
in Bankruptcy & living with it
1st attempt at the soa on here so any alterations would be greatly appreciated.
i have already been on the DMP for 3 years now,sick of the calls for reviews every few months, very tiring & i'll be 100 years old on completion.... maybe have a life then!! lol
Had a mortgage before the plan started & the IVA which was proposed at the time crippled me, must admit CAB's allowances on food etc £180.00 for 2 adults didn't make me smile much.
My OH has a part time job so only contributes a little if any most times, again i'm considering other avenues ie BR... any advice would be most welcome......

Household Information[/b]
Number of adults in household........... 2
Number of children in household......... 0
Number of cars owned.................... 1

Monthly Income Details
Monthly income after tax................ 1520
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1520

Monthly Expense Details
Mortgage................................ 0
Secured loan repayments................. 0
Hire Purchase (HP) repayments........... 0
Rent.................................... 450
Management charge (leasehold property).. 0
Council tax............................. 94
Electricity............................. 41
Gas..................................... 42
Oil..................................... 0
Water rates............................. 32
Telephone (land line)................... 45
Mobile phone............................ 0
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 394
Clothing................................ 35
Petrol/diesel........................... 130
Road tax................................ 16
Car Insurance........................... 39
Car maintenance (including MOT)......... 28
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 24
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 15
Haircuts................................ 20
Entertainment........................... 0
Holiday................................. 35
Emergency fund.......................... 50
Total monthly expenses.................. 1502


Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 1200
Other assets............................ 0
Total Assets............................ 1200

No Secured nor Hire Purchase Debts

Unsecured Debts
Description....................Debt......Monthly.. .APR
loans & cards- D.M.P...........65745.....92........0
Total unsecured debts..........65745.....92........-


Monthly Budget Summary
Total monthly income.................... 1,520
Expenses (including HP & secured debts). 1,502
Available for debt repayments........... 18
Monthly UNsecured debt repayments....... 92
Amount short for making debt repayments. -74

Personal Balance Sheet Summary
Total assets (things you own)........... 1,200
Total HP & Secured debt................. -0
Total Unsecured debt.................... -65,745
Net Assets.............................. -64,545


many thanks..
Created using the SOA calculator at https://www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission.[/font]


TT


TT
:grouphug:

Comments

  • dalip
    dalip Posts: 7,045 Forumite
    T-T wrote: »
    1st attempt at the soa on here so any alterations would be greatly appreciated.
    i have already been on the DMP for 3 years now,sick of the calls for reviews every few months, very tiring & i'll be 100 years old on completion.... maybe have a life then!! lol
    Had a mortgage before the plan started & the IVA which was proposed at the time crippled me, must admit CAB's allowances on food etc £180.00 for 2 adults didn't make me smile much.
    My OH has a part time job so only contributes a little if any most times, again i'm considering other avenues ie BR... any advice would be most welcome......

    Household Information[/b]
    Number of adults in household........... 2
    Number of children in household......... 0
    Number of cars owned.................... 1

    Monthly Income Details
    Monthly income after tax................ 1520
    Partners monthly income after tax....... 0might be wise to put some sort of contribution
    Benefits................................ 0
    Other income............................ 0
    Total monthly income.................... 1520

    Monthly Expense Details
    Mortgage................................ 0
    Secured loan repayments................. 0
    Hire Purchase (HP) repayments........... 0
    Rent.................................... 450
    Management charge (leasehold property).. 0
    Council tax............................. 94
    Electricity............................. 41£50
    Gas..................................... 42£50
    Oil..................................... 0
    Water rates............................. 32
    Telephone (land line)................... 45
    Mobile phone............................ 0£15
    TV Licence.............................. 12
    Satellite/Cable TV...................... 0
    Internet Services....................... 0
    Groceries etc. ......................... 394£370
    Clothing................................ 35£60
    Petrol/diesel........................... 130
    Road tax................................ 16
    Car Insurance........................... 39
    Car maintenance (including MOT)......... 28
    Car parking............................. 0
    Other travel............................ 0
    Childcare/nursery....................... 0
    Other child related expenses............ 0
    Medical (prescriptions, dentist etc).... 0£30
    Pet insurance/vet bills................. 0no pets?
    Buildings insurance..................... 0
    Contents insurance...................... 24
    Life assurance ......................... 0
    Other insurance......................... 0
    Presents (birthday, christmas etc)...... 15not usually allowed
    Haircuts................................ 20
    Entertainment........................... 0
    Holiday................................. 35£50
    Emergency fund.......................... 50ditto
    Total monthly expenses.................. 1502


    Assets
    Cash.................................... 0
    House value (Gross)..................... 0
    Shares and bonds........................ 0
    Car(s).................................. 1200
    Other assets............................ 0
    Total Assets............................ 1200

    No Secured nor Hire Purchase Debts

    Unsecured Debts
    Description....................Debt......Monthly.. .APR
    loans & cards- D.M.P...........65745.....92........0
    Total unsecured debts..........65745.....92........-


    Monthly Budget Summary
    Total monthly income.................... 1,520
    Expenses (including HP & secured debts). 1,502
    Available for debt repayments........... 18
    Monthly UNsecured debt repayments....... 92
    Amount short for making debt repayments. -74

    Personal Balance Sheet Summary
    Total assets (things you own)........... 1,200
    Total HP & Secured debt................. -0
    Total Unsecured debt.................... -65,745
    Net Assets.............................. -64,545


    many thanks..
    Created using the SOA calculator at www.makesenseofcards.com.
    Reproduced on Moneysavingexpert with permission.[/font]


    TT


    TT

    Ok i have altered a few things assuming only you are going bc.Dx
    Free impartial debt advice available from: National Debtline - Tel: 0808 808 4000 | The Consumer Credit Counselling Service (CCCS) - Tel: 0800 138 1111 | Find your local Citizens Advice Bureau
    Laugh at yourself and others laugh with you.Laugh at others and you laugh alone. BSC No 107:D
  • T-T_4
    T-T_4 Posts: 21 Forumite
    thanks for looking dalip, yes only me going bc, would i have to declare OH's income to OR which is little?
    :grouphug:
  • T-T_4
    T-T_4 Posts: 21 Forumite
    Household Information[/b]
    Number of adults in household........... 2
    Number of children in household......... 0
    Number of cars owned.................... 1

    Monthly Income Details
    Monthly income after tax................ 1520
    Partners monthly contribution....... 50
    Benefits................................ 0
    Other income............................ 0
    Total monthly income.................... 1570

    Monthly Expense Details
    Mortgage................................ 0
    Secured loan repayments................. 0
    Hire Purchase (HP) repayments........... 0
    Rent.................................... 450
    Management charge (leasehold property).. 0
    Council tax............................. 94
    Electricity............................. 50
    Gas..................................... 50
    Oil..................................... 0
    Water rates............................. 32
    Telephone (land line)................... 45
    Mobile phone............................ 15
    TV Licence.............................. 12
    Satellite/Cable TV...................... 0
    Internet Services....................... 0
    Groceries etc. ......................... 370
    Clothing................................ 60
    Petrol/diesel........................... 130
    Road tax................................ 16
    Car Insurance........................... 39
    Car maintenance (including MOT)......... 28
    Car parking............................. 0
    Other travel............................ 0
    Childcare/nursery....................... 0
    Other child related expenses............ 0
    Medical (prescriptions, dentist etc).... 30
    Pet insurance/vet bills................. 0
    Buildings insurance..................... 0
    Contents insurance...................... 0
    Life assurance ......................... 0
    Other insurance......................... 0
    Presents (birthday, christmas etc)...... 0
    Haircuts................................ 20
    Entertainment........................... 0
    Holiday................................. 50
    Emergency fund.......................... 0
    Total monthly expenses.................. 1491


    Assets
    Cash.................................... 0
    House value (Gross)..................... 0
    Shares and bonds........................ 0
    Car(s).................................. 1200
    Other assets............................ 0
    Total Assets............................ 1200

    No Secured nor Hire Purchase Debts

    Unsecured Debts
    Description....................Debt......Monthly...APR
    loans & cards DMP..............65745.....92........0
    Total unsecured debts..........65745.....92........-


    Monthly Budget Summary
    Total monthly income.................... 1,570
    Expenses (including HP & secured debts). 1,491
    Available for debt repayments........... 79
    Monthly UNsecured debt repayments....... 92
    Amount short for making debt repayments. -13

    Personal Balance Sheet Summary
    Total assets (things you own)........... 1,200
    Total HP & Secured debt................. -0
    Total Unsecured debt.................... -65,745
    Net Assets.............................. -64,545

    Created using the SOA calculator at https://www.makesenseofcards.com.
    Reproduced on Moneysavingexpert with permission.    [/font]
    :grouphug:
  • TehRoflcopterz
    TehRoflcopterz Posts: 60 Forumite
    After reading many other SOA posts, I thought 'Holiday' and 'Emergency Funds' weren't allowable on a BR SOA?

    I didn't claim them on mine as I believed they weren't allowed.
    :j BR on 09/12/08 :j
    :T OR Interview (30 minutes!) on 19/01/09 :T
    :beer: Car confirmed (in writing) as Exempt Property on 29/01/09 :beer:
    :j Automatically Discharged on 09/12/09 :j
  • philnicandamy
    philnicandamy Posts: 15,685 Forumite
    10,000 Posts Combo Breaker
    "Holiday" usually allowed.....Christmas/Birthdays & emergency funds are usually declined (although the odd one has gone through but thats due to a freindly OR perhaps)
    We all die. The goal isn't to live forever, the goal is to create something that will
This discussion has been closed.
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