Soa................help!

ajo147

Iv just done the soa online and hear it is. Iv just been layed off at work so i get £60 a week JS and my OH works part time and gets £55 a week. We have 2 cars one is on hp but that car is the OH and its me that is going BR so will the effect it?

Here we go then.........

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 1
Number of cars owned.................... 2
Monthly Income Details
Monthly income after tax................ 261
Partners monthly income after tax....... 250
Benefits................................ 480
Other income............................ 0
Total monthly income.................... 991
Monthly Expense Details
Mortgage................................ 0
Secured loan repayments................. 0
Hire Purchase (HP) repayments........... 210
Rent.................................... 290
Management charge (leasehold property).. 0
Council tax............................. 90
Electricity............................. 45
Gas..................................... 60
Oil..................................... 0
Water rates............................. 10
Telephone (land line)................... 11
Mobile phone............................ 20
TV Licence.............................. 11
Satellite/Cable TV...................... 11
Internet Services....................... 0
Groceries etc. ......................... 260
Clothing................................ 80
Petrol/diesel........................... 110
Road tax................................ 40
Car Insurance........................... 110
Car maintenance (including MOT)......... 140
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 280
Other child related expenses............ 5
Medical (prescriptions, dentist etc).... 20
Pet insurance/vet bills................. 11
Buildings insurance..................... 0
Contents insurance...................... 13
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 5
Haircuts................................ 10
Entertainment........................... 5
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1847

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 500
Other assets............................ 0
Total Assets............................ 500

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 0........(0)........0
Hire Purchase (HP) debt ...... 0........(210)......0
Total secured & HP debts...... 0.........-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
Total unsecured debts..........0.........0.........-

Monthly Budget Summary
Total monthly income.................... 991
Expenses (including HP & secured debts). 1,847
Available for debt repayments........... -856
Monthly UNsecured debt repayments....... 0
Amount short for making debt repayments. -856
Personal Balance Sheet Summary
Total assets (things you own)........... 500
Total HP & Secured debt................. -0
Total Unsecured debt.................... -0
Net Assets.............................. 500
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission.



I hope to be getting a job asap so i can make the short fall up. The car on hp is not worth anything because we owe more than its worth and the finance is in the father in laws name nd we pay him every month.

Any help will be much appriciated. Andy O

patsypat911

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 1
Number of cars owned.................... 2
Monthly Income Details
Monthly income after tax................ 261
Partners monthly income after tax....... 250 is this partners contribution or all of partners income?
Benefits................................ 480 are these benefits in your name, partners or joint?
Other income............................ 0
Total monthly income.................... 991
Monthly Expense Details
Mortgage................................ 0
Secured loan repayments................. 0
Hire Purchase (HP) repayments........... 210 remove if this is paid by partner
Rent.................................... 290
Management charge (leasehold property).. 0
Council tax............................. 90
Electricity............................. 45
Gas..................................... 60
Oil..................................... 0
Water rates............................. 10 seems very low
Telephone (land line)................... 11
Mobile phone............................ 20
TV Licence.............................. 11 £12
Satellite/Cable TV...................... 11
Internet Services....................... 0
Groceries etc. ......................... 260
Clothing................................ 80
Petrol/diesel........................... 110 seems high if you are not working at the mo
Road tax................................ 40
Car Insurance........................... 110 is this for both cars?
Car maintenance (including MOT)......... 140 is this for both cars, seems very high and dont think this amount will be allowed
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 280
Other child related expenses............ 5
Medical (prescriptions, dentist etc).... 20
Pet insurance/vet bills................. 11
Buildings insurance..................... 0
Contents insurance...................... 13 does this include accidental cover?
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 5 not allowed
Haircuts................................ 10 £10 per adult £5 per child
Entertainment........................... 5 not allowed
Holiday................................. 0 £40
Emergency fund.......................... 0
Total monthly expenses.................. 1847

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 500
Other assets............................ 0
Total Assets............................ 500

Secured & HP Debts
Description....................Debt......Monthly.. .APR
Mortgage...................... 0........(0)........0
Hire Purchase (HP) debt ...... 0........(210)......0
Total secured & HP debts...... 0.........-.........-
Unsecured Debts
Description....................Debt......Monthly.. .APR
Total unsecured debts..........0.........0.........-

Monthly Budget Summary
Total monthly income.................... 991
Expenses (including HP & secured debts). 1,847
Available for debt repayments........... -856
Monthly UNsecured debt repayments....... 0
Amount short for making debt repayments. -856
Personal Balance Sheet Summary
Total assets (things you own)........... 500
Total HP & Secured debt................. -0
Total Unsecured debt.................... -0
Net Assets.............................. 500
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission.



I hope to be getting a job asap so i can make the short fall up. The car on hp is not worth anything because we owe more than its worth and the finance is in the father in laws name nd we pay him every month.

Any help will be much appriciated. Andy O



If the HP is in OH name then it is her debt and not yours so won't be included in the BR. Your expenses seriously outway your income so I think the judge will have a problem with this because even if you go BR then you still have insuffient income to live off.
You havent listed your unsecured debts and repayments so it is difficult to know your true circumstances????

ajo147

Partners monthly income after tax....... 250 is this partners contribution or all of partners income?

This is all of partners income, so how will this effect it?

Benefits................................ 480 are these benefits in your name, partners or joint?

They are in both of our names.

Car maintenance (including MOT)......... 140 is this for both cars, seems very high and dont think this amount will be allowed

Yes this is for both cars.


My unsecured debts are 29k there is about 8 different debt management compneys. Iv got a interview for a job on tuesday and hopefully should be starting soon after.

patsypat911

Only put what your partner contributes to the household and not all of her income as this is your BR.

You need to seperate the expenditure of the cars and you need to put expenses for the car you use otherwise the OR will not allow you to keep both cars as they will see that as excessive.

The point I am trying to make is that the BR is in YOUR name only, you can only claim expenses that are relevant to you.

Have you spoken to any of the debt charities yet??? CCCS, CAB or debtline? If not then you need to do this asap as the judge will ask you if you have taken debt advise and by whom!!

patsypat911

It will help if you go to the website below and complete your SOA there. Copy and paste and experts will be along shortly to help!!


http://www.makesenseofcards.co.uk/soacalc.html

ajo147

Iv been with cccs for 12 month and i lost my job 6 months ago and couldnt keep up the payments so i went on the self help option and then i got finished on friday at work so i rung cccs up and they said Br was the best thing to do.

I will do another soa and post it asap.

ajo147

Hear goes again.

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 1
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 261
Partners monthly income after tax....... 150
Benefits................................ 480
Other income............................ 0
Total monthly income.................... 891
Monthly Expense Details
Mortgage................................ 0
Secured loan repayments................. 0
Hire Purchase (HP) repayments........... 0
Rent.................................... 290
Management charge (leasehold property).. 0
Council tax............................. 90
Electricity............................. 45
Gas..................................... 60
Oil..................................... 0
Water rates............................. 24
Telephone (land line)................... 11
Mobile phone............................ 20
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 260
Clothing................................ 80
Petrol/diesel........................... 60
Road tax................................ 20
Car Insurance........................... 55
Car maintenance (including MOT)......... 25
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 280
Other child related expenses............ 5
Medical (prescriptions, dentist etc).... 20
Pet insurance/vet bills................. 11
Buildings insurance..................... 0
Contents insurance...................... 14
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 15
Entertainment........................... 0
Holiday................................. 40
Emergency fund.......................... 0
Total monthly expenses.................. 1437

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 500
Other assets............................ 0
Total Assets............................ 500

No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
8 dirffrent ones...............28000.....0.........0
Total unsecured debts..........28000.....0.........-

Monthly Budget Summary
Total monthly income.................... 891
Expenses (including HP & secured debts). 1,437
Available for debt repayments........... -546
Monthly UNsecured debt repayments....... 0
Amount short for making debt repayments. -546
Personal Balance Sheet Summary
Total assets (things you own)........... 500
Total HP & Secured debt................. -0
Total Unsecured debt.................... -28,000
Net Assets.............................. -27,500
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission.