We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
s.o.a. ?
glam_jan_56
Posts: 86 Forumite
Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 0
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 0
Partners monthly income after tax....... 0
Benefits................................ 1000
Other income............................ 0
Total monthly income.................... 1000
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 0
Electricity............................. 60
Gas..................................... 80
Oil..................................... 0
Water rates............................. 33
Telephone (land line)................... 12
Mobile phone............................ 20
TV Licence.............................. 13
Satellite/Cable TV...................... 18
Internet Services....................... 20
Groceries etc. ......................... 350
Clothing................................ 40
Petrol/diesel........................... 80
Road tax................................ 0
Car Insurance........................... 20
Car maintenance (including MOT)......... 30
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 10
Pet insurance/vet bills................. 8
Buildings insurance..................... 0
Contents insurance...................... 16
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 10
Haircuts................................ 20
Entertainment........................... 20
Holiday................................. 20
Emergency fund.......................... 10
Total monthly expenses.................. 890
Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 1000
Other assets............................ 0
Total Assets............................ 1000
No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
cc.............................4500......59........0
cc.............................1500......37........0
loan...........................15000.....268.......0
od bank........................1000......7.........0
cc.............................1500......38........0
cc.............................1300......34........0
cc.............................7700......195.......0
cc.............................1800......25........0
Total unsecured debts..........34300.....663.......-
Monthly Budget Summary
Total monthly income.................... 1,000
Expenses (including HP & secured debts). 890
Available for debt repayments........... 110
Monthly UNsecured debt repayments....... 663
Amount short for making debt repayments. -553
Personal Balance Sheet Summary
Total assets (things you own)........... 1,000
Total HP & Secured debt................. -0
Total Unsecured debt.................... -34,300
Net Assets.............................. -33,300
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 0
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 0
Partners monthly income after tax....... 0
Benefits................................ 1000
Other income............................ 0
Total monthly income.................... 1000
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 0
Electricity............................. 60
Gas..................................... 80
Oil..................................... 0
Water rates............................. 33
Telephone (land line)................... 12
Mobile phone............................ 20
TV Licence.............................. 13
Satellite/Cable TV...................... 18
Internet Services....................... 20
Groceries etc. ......................... 350
Clothing................................ 40
Petrol/diesel........................... 80
Road tax................................ 0
Car Insurance........................... 20
Car maintenance (including MOT)......... 30
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 10
Pet insurance/vet bills................. 8
Buildings insurance..................... 0
Contents insurance...................... 16
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 10
Haircuts................................ 20
Entertainment........................... 20
Holiday................................. 20
Emergency fund.......................... 10
Total monthly expenses.................. 890
Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 1000
Other assets............................ 0
Total Assets............................ 1000
No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
cc.............................4500......59........0
cc.............................1500......37........0
loan...........................15000.....268.......0
od bank........................1000......7.........0
cc.............................1500......38........0
cc.............................1300......34........0
cc.............................7700......195.......0
cc.............................1800......25........0
Total unsecured debts..........34300.....663.......-
Monthly Budget Summary
Total monthly income.................... 1,000
Expenses (including HP & secured debts). 890
Available for debt repayments........... 110
Monthly UNsecured debt repayments....... 663
Amount short for making debt repayments. -553
Personal Balance Sheet Summary
Total assets (things you own)........... 1,000
Total HP & Secured debt................. -0
Total Unsecured debt.................... -34,300
Net Assets.............................. -33,300
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 0
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 0
Partners monthly income after tax....... 0
Benefits................................ 1000
Other income............................ 0
Total monthly income.................... 1000
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 0
Electricity............................. 60
Gas..................................... 80
Oil..................................... 0
Water rates............................. 33
Telephone (land line)................... 12
Mobile phone............................ 20
TV Licence.............................. 13
Satellite/Cable TV...................... 18
Internet Services....................... 20
Groceries etc. ......................... 350
Clothing................................ 40
Petrol/diesel........................... 80
Road tax................................ 0
Car Insurance........................... 20
Car maintenance (including MOT)......... 30
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 10
Pet insurance/vet bills................. 8
Buildings insurance..................... 0
Contents insurance...................... 16
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 10
Haircuts................................ 20
Entertainment........................... 20
Holiday................................. 20
Emergency fund.......................... 10
Total monthly expenses.................. 890
Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 1000
Other assets............................ 0
Total Assets............................ 1000
No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
cc.............................4500......59........0
cc.............................1500......37........0
loan...........................15000.....268.......0
od bank........................1000......7.........0
cc.............................1500......38........0
cc.............................1300......34........0
cc.............................7700......195.......0
cc.............................1800......25........0
Total unsecured debts..........34300.....663.......-
Monthly Budget Summary
Total monthly income.................... 1,000
Expenses (including HP & secured debts). 890
Available for debt repayments........... 110
Monthly UNsecured debt repayments....... 663
Amount short for making debt repayments. -553
Personal Balance Sheet Summary
Total assets (things you own)........... 1,000
Total HP & Secured debt................. -0
Total Unsecured debt.................... -34,300
Net Assets.............................. -33,300
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.
Household Information
Number of adults in household........... 2
Number of children in household......... 0
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 0
Partners monthly income after tax....... 0
Benefits................................ 1000
Other income............................ 0
Total monthly income.................... 1000
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 0
Electricity............................. 60
Gas..................................... 80
Oil..................................... 0
Water rates............................. 33
Telephone (land line)................... 12
Mobile phone............................ 20
TV Licence.............................. 13
Satellite/Cable TV...................... 18
Internet Services....................... 20
Groceries etc. ......................... 350
Clothing................................ 40
Petrol/diesel........................... 80
Road tax................................ 0
Car Insurance........................... 20
Car maintenance (including MOT)......... 30
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 10
Pet insurance/vet bills................. 8
Buildings insurance..................... 0
Contents insurance...................... 16
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 10
Haircuts................................ 20
Entertainment........................... 20
Holiday................................. 20
Emergency fund.......................... 10
Total monthly expenses.................. 890
Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 1000
Other assets............................ 0
Total Assets............................ 1000
No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
cc.............................4500......59........0
cc.............................1500......37........0
loan...........................15000.....268.......0
od bank........................1000......7.........0
cc.............................1500......38........0
cc.............................1300......34........0
cc.............................7700......195.......0
cc.............................1800......25........0
Total unsecured debts..........34300.....663.......-
Monthly Budget Summary
Total monthly income.................... 1,000
Expenses (including HP & secured debts). 890
Available for debt repayments........... 110
Monthly UNsecured debt repayments....... 663
Amount short for making debt repayments. -553
Personal Balance Sheet Summary
Total assets (things you own)........... 1,000
Total HP & Secured debt................. -0
Total Unsecured debt.................... -34,300
Net Assets.............................. -33,300
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 0
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 0
Partners monthly income after tax....... 0
Benefits................................ 1000
Other income............................ 0
Total monthly income.................... 1000
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 0
Electricity............................. 60
Gas..................................... 80
Oil..................................... 0
Water rates............................. 33
Telephone (land line)................... 12
Mobile phone............................ 20
TV Licence.............................. 13
Satellite/Cable TV...................... 18
Internet Services....................... 20
Groceries etc. ......................... 350
Clothing................................ 40
Petrol/diesel........................... 80
Road tax................................ 0
Car Insurance........................... 20
Car maintenance (including MOT)......... 30
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 10
Pet insurance/vet bills................. 8
Buildings insurance..................... 0
Contents insurance...................... 16
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 10
Haircuts................................ 20
Entertainment........................... 20
Holiday................................. 20
Emergency fund.......................... 10
Total monthly expenses.................. 890
Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 1000
Other assets............................ 0
Total Assets............................ 1000
No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
cc.............................4500......59........0
cc.............................1500......37........0
loan...........................15000.....268.......0
od bank........................1000......7.........0
cc.............................1500......38........0
cc.............................1300......34........0
cc.............................7700......195.......0
cc.............................1800......25........0
Total unsecured debts..........34300.....663.......-
Monthly Budget Summary
Total monthly income.................... 1,000
Expenses (including HP & secured debts). 890
Available for debt repayments........... 110
Monthly UNsecured debt repayments....... 663
Amount short for making debt repayments. -553
Personal Balance Sheet Summary
Total assets (things you own)........... 1,000
Total HP & Secured debt................. -0
Total Unsecured debt.................... -34,300
Net Assets.............................. -33,300
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 0
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 0
Partners monthly income after tax....... 0
Benefits................................ 1000
Other income............................ 0
Total monthly income.................... 1000
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 0
Electricity............................. 60
Gas..................................... 80
Oil..................................... 0
Water rates............................. 33
Telephone (land line)................... 12
Mobile phone............................ 20
TV Licence.............................. 13
Satellite/Cable TV...................... 18
Internet Services....................... 20
Groceries etc. ......................... 350
Clothing................................ 40
Petrol/diesel........................... 80
Road tax................................ 0
Car Insurance........................... 20
Car maintenance (including MOT)......... 30
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 10
Pet insurance/vet bills................. 8
Buildings insurance..................... 0
Contents insurance...................... 16
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 10
Haircuts................................ 20
Entertainment........................... 20
Holiday................................. 20
Emergency fund.......................... 10
Total monthly expenses.................. 890
Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 1000
Other assets............................ 0
Total Assets............................ 1000
No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
cc.............................4500......59........0
cc.............................1500......37........0
loan...........................15000.....268.......0
od bank........................1000......7.........0
cc.............................1500......38........0
cc.............................1300......34........0
cc.............................7700......195.......0
cc.............................1800......25........0
Total unsecured debts..........34300.....663.......-
Monthly Budget Summary
Total monthly income.................... 1,000
Expenses (including HP & secured debts). 890
Available for debt repayments........... 110
Monthly UNsecured debt repayments....... 663
Amount short for making debt repayments. -553
Personal Balance Sheet Summary
Total assets (things you own)........... 1,000
Total HP & Secured debt................. -0
Total Unsecured debt.................... -34,300
Net Assets.............................. -33,300
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.
0
Comments
-
sorry i have put two lots on as i explained to phil new to this. me an hubby to go br an this our joint soa we are on benefits so no rent poll tax car tax to pay.i am on d.l.a.hubby on i.s an carers.0
-
Hi
Is it possible to put up the interest rates on your loans and credit cards? That will then help the good peeps on here sort out what needs paying first.
Your groceries are high - you can reduce that to at the most half. Batch cook and freeze, go down a brand, etcDebt 30k in 2008.:eek::o Cleared all my debt in 2013 and loving being debt free
Mortgage free since 20140 -
Are you going bankrupt now or trying to avoid it? If you contact the CCCS they may be able to get you set up on a DMP with reduced payments.
If you are looking to make cutbacks, do you need the car? It costs you a big wedge in running costs every month, and you may be able to claim mobility benefits instead.
Check https://www.entitledto.com to make sure you are getting everything.
Check out the Old Style board for ways to cut back on your grocery bills - two of us manage on £200 per month quite nicely, we just cook a lot!
Other thoughts are about holidays and the emergency fund - can you afford either right now? Also check out reduced costs for TV/phone/internet - you could look at freeview, and cut back that way.
Good luck whatever you do xSome days, it's just not worth chewing through the leather straps....
LB moment - March 2006. DFD - 1 June 2012!!! DEBT FREE!
May grocery challenge £45.61/£1200 -
glam_jan_56 wrote: »sorry i have put two lots on as i explained to phil new to this. me an hubby to go br an this our joint soa we are on benefits so no rent poll tax car tax to pay.i am on d.l.a.hubby on i.s an carers.
I think you've put three lots!
You can go back to post#1 and edit it (we can't).
If you have aleady taken advice and are definitely going bankrupt (is that two of you?) and just need advice on how to present your petition then you need to post on the bankruptcy board.
The SoA that you put together for the Official Receiver is tailored so you don't get an Income Payments Order. The ones posted on this board tend to get pulled apart on the lines of 'you could spend less on x, y and z'.
Does your DLA have mobility component? (I'm just thinking about the car)
How do the debts split between the two of you? Either less than £15,000?
You do know about the new Debt Relief Orders for no asset, low surplus income people with debts under £15k and in rented accommodation? You can keep one car worth less than £1000 in a DRO.
Anyway, give us some more info to chew on and we'll do what we can....0 -
thanks all but i think i have posted this on wrong forum, i was trying to get it on b.r.board,nice to know thier is another board with friendly peeps on0
-
Thanks!
Lovely people here and on the BR board who just want to help. Don't go away; please keep posting either here or on BR and everyone will be more than happy to help and share experiences.
Good luck in whatever you decide to do.Debt 30k in 2008.:eek::o Cleared all my debt in 2013 and loving being debt free
Mortgage free since 20140 -
No worries Glam Jan. You got more replies on here than you did on the b.r. board too. LOL.glam_jan_56 wrote: »thanks all but i think i have posted this on wrong forum, i was trying to get it on b.r.board,nice to know thier is another board with friendly peeps on
It is a nice thing to see the friendliness of the people here on DFW and those on BR too. We can probably agree that it has made a lot of difference to our meagre lot.BSC No 248
Free, confidential advice
National Debtline 0808 808 4000 | StepChange 0800 138 1111 | CAB - Get Advice
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.5K Banking & Borrowing
- 253.7K Reduce Debt & Boost Income
- 454.5K Spending & Discounts
- 245.5K Work, Benefits & Business
- 601.4K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards