worried about SOA

LilyBart

OK. Anyone know which of these is exempt?

Holes_in_my_pocket

i appreciated all the help thanks

Holes_in_my_pocket

Non are exempt i have checked that all ready

Holes_in_my_pocket

Incapacity and war pension non are exempt thought i posted this seems to of disappeared

LilyBart

Ok, damn...
Hang on in there, Holes. Just leave the SOA up and there will be folks along with more advice.

Sunny_Bear

Holes_in_my_pocket wrote: »

amended SOA

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household.........
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 279
Partners monthly income after tax....... 0
Benefits................................ 893
Other income............................ 0
Total monthly income.................... 1172
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 30
Management charge (leasehold property).. 0
Council tax............................. 11
Electricity............................. 50
Gas..................................... 30
Oil..................................... 0
Water rates............................. 30
Telephone (land line)................... 60 This plus your mobile I think is too much
Mobile phone............................ 20
TV Licence.............................. 0 £12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 325 How many people is this for?
Clothing................................ 60 high if only for 1 person
Petrol/diesel........................... 60
Road tax................................ 0 Your paying for petrol but no car ins or car maintenence? Thats not right!
Car Insurance........................... 0 As above
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 60 whats this?
Childcare/nursery....................... 0
Other child related expenses............ 50 explain this in yur statment
Medical (prescriptions, dentist etc).... 40 high, is this just you?
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0 £20
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 20 unlikely to be allowed
Haircuts................................ 10
Entertainment........................... 0
Holiday................................. 30
Emergency fund.......................... 20 unlikely to be allowed
Child Maintenace........................ 145
Total monthly expenses.................. 1051

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 15
Car(s).................................. 0
Other assets............................ 0
Total Assets............................ 15

No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
Lloyda.........................9300......0.........0
abbey..........................5300......4.........0
M&S............................3000......1.........0
Yes Car........................6000......0.........0
Capital One....................1000......1.........0
Tesco..........................3000......1.........0
mastercard.....................3000......1.........0
barclaycard....................3000......1.........0
Total unsecured debts..........33600.....9.........-

Monthly Budget Summary
Total monthly income.................... 1,172
Expenses (including HP & secured debts). 1,051
Available for debt repayments........... 121
Monthly UNsecured debt repayments....... 9
Amount left after debt repayments....... 112
Personal Balance Sheet Summary
Total assets (things you own)........... 15
Total HP & Secured debt................. -0
Total Unsecured debt.................... -33,600
Net Assets.............................. -33,585
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using Firefox browser.

I've made a few comments above. I know your saying you live with parents but is this soa just for you rather than a household one? If it is just you then you need to relook at the housekeeping amount, should be around £180 for a single person, if household then you really need some kind of contribution in your incomings to cover some of this!

Also, do you havea car? You've included petrol but not car ins and maintence etc. Can't imagine that the OR will allow petrol costs if its not your car, maybe move it to other travel so its not related to a car!

Hope that helps a bit, take care xx

Holes_in_my_pocket

food for 2
car is motability car
clothing as i have a medical condition hopefully will get support letter fromn GP
i thought will we allowed
£20 for dentist and £20 for glassed will amend if we are not

Sunny_Bear

is the other person contributing? I presume its your dad, but he must contribute something to the household, even if its £50 a month.

Motability car explains the petrol then!!

I think it should be more like £10 dentist, £10 opticians.

Lost2

OH has just found this link, this will answer any questions you may have.

http://www.insolvency.gov.uk/guidanceleaflets/MP3/interviewed/interviewed.htm