Help bulking out expenditure

yellowmonkey

wendywoo1982 wrote: »

Hi thanks for your input, in response to the things i didnt claim for this is because i live with my parents and they pay for those, as they do for most food shopping, but i buy my own too which i why i inluded that.

I also worked out the £3.75 for car MOT by taking thr £45.00 it costs for the year and dividing it by 12 to get the monthly figure of £3.75. Is this wrong?

What i might do is fill it out following advice from you guys and then take the completed form the CAB to check before i hand it to the courts??

Hi Wendy

Did not realise you lived with your parents.

Regarding the MOT you also need to include car Maintainance as well so that is why I put £35 per month for mine as this will cover the cost of the MOT and any repairs.

ym

wendywoo1982

sorry i missed out 2 current overdrafts totalling £1000 off my list above, this is on my paper copy i have filled out though

wendywoo1982

SouthCoast wrote: »

Sorry to complicate matters, but have you looked into Debt Relief Orders?

http://www.insolvency.gov.uk/bankruptcy/alternativestobankruptcy.htm

Yes and as my debt is more than £15000.00 i would not qualify for this. Thanks for your input

tigerfeet2006

wendywoo1982 wrote: »

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 3
Number of children in household......... 0
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 943.4
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 943.4
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 173 You can up this to at least £300.
Management charge (leasehold property).. 0
Council tax............................. 0 For things like utilities it is resonable to put a contribution down.
Electricity............................. 0
Gas..................................... 0
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 0
Mobile phone............................ 65 The OR will not allow this much for a mobile £30 max.
TV Licence.............................. 0
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 86 £150
Clothing................................ 30
Petrol/diesel........................... 108
Road tax................................ 17
Car Insurance........................... 22.66 Is this fully comp? If not make sure you change it.
Car maintenance (including MOT)......... 3.75 £30 as you will need to maintain the car as well.
Car parking............................. 0
Other travel............................ 6 what is this?
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 2.6 £20
Pet insurance/vet bills................. 10.83
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 10
Entertainment........................... 0
Holiday................................. 0 £30
Emergency fund.......................... 0
Total monthly expenses.................. 534.84

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 800
Other assets............................ 0
Total Assets............................ 800

No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
credit card....................400.......15........0
credit card....................2200......50........0
store card.....................62........3.........0
loan/overdrafts................10500.....250.......0
overdue phone contrac..........700.......25........0
store card....................230.......15........0
store card.....................16........5.........0
Total unsecured debts..........14108.....363.......-

Monthly Budget Summary
Total monthly income.................... 943.4
Expenses (including HP & secured debts). 534.84
Available for debt repayments........... 408.56
Monthly UNsecured debt repayments....... 363
Amount left after debt repayments....... 45.56
Personal Balance Sheet Summary
Total assets (things you own)........... 800
Total HP & Secured debt................. -0
Total Unsecured debt.................... -14,108
Net Assets.............................. -13,308

I didnt put the apr on as some have already frozen the interest to help me pay off the debt, will this go against me now i am trying to claim bankruptcy? Also i didnt put in the gym, should i put it in or not? Problem is its a 3yr membership and i go with my mum who will stop going if i cant go with her (dont ask lol).

Thanks very much!

Get some breakdown cover as well. Go through Quidco or Topcashback for money back.

No the frozen interest will not go against you.

wendywoo1982

yellowmonkey wrote: »

Hi Wendy

Did not realise you lived with your parents.

Regarding the MOT you also need to include car Maintainance as well so that is why I put £35 per month for mine as this will cover the cost of the MOT and any repairs.

ym

Oh right! ok thanks, its just hard to put amounts in for things that you cant plan for and have no idea what the cost will be :rotfl:

yellowmonkey

wendywoo1982 wrote: »

sorry i missed out 2 current overdrafts totalling £1000 off my list above, this is on my paper copy i have filled out though

Wendy

It took me about 6 attempts before I even got my head around my SOA .

ym

wendywoo1982

tigerfeet2006 wrote: »

Get some breakdown cover as well. Go through Quidco or Topcashback for money back.

No the frozen interest will not go against you.

That is including breakdown, my insurance is only £18.83/month and breakdown £46/yr.

wendywoo1982

tigerfeet2006 wrote: »

Get some breakdown cover as well. Go through Quidco or Topcashback for money back.

No the frozen interest will not go against you.

Oh the £6 other travel is my car uses alot of oil and have to buy more at least every 1-2 months at about £20 a tub. Should i take this out? Is that not what it means by other travel? I havnt a clue! lol sorry to be pain

tigerfeet2006

wendywoo1982 wrote: »

That is including breakdown, my insurance is only £18.83/month and breakdown £46/yr.

Excellent. Is your insurance fully comp? Essential if you are BR.

Put the £6 in with MOT and maintenance. Put it at £35, I think I said £30.

philnicandamy

expensive oil at £20 a go though.....not a good sign for the poor car if its using that much in a month or two