its now or never!!!

chunkyu

I need help i guess im tired of running away i've been silly, and i know that br is the only way to go, with a heavy heart

i don't want my partner included in my br is there anyway to seperate her from it. does she have to be included? i have listed the soa with her included. im certain that i want to go br. and i have the money to do it please help

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.................... 2
Monthly Income Details
Monthly income after tax................ 720
Partners monthly income after tax....... 800
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1520
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 495
Management charge (leasehold property).. 0
Council tax............................. 92
Electricity............................. 30
Gas..................................... 40
Oil..................................... 0
Water rates............................. 48
Telephone (land line)................... 24
Mobile phone............................ 40
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 250
Clothing................................ 20
Petrol/diesel........................... 100
Road tax................................ 25
Car Insurance........................... 40
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 20
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 25
Haircuts................................ 25
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 20
Total monthly expenses.................. 1306

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 300
Other assets............................ 0
Total Assets............................ 300

No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
loan from family memb..........4000......100.......0
virgin cc......................920.......30........0
cahoot loan....................4543......0.........0
rlp............................1139......0.........0
tessera portfolio..............368.......0.........0
hbos...........................4588......0.........0
egg cc.........................1357......0.........0
natwest o/d....................1500......0.........0
money shop.....................250.......0.........0
citi financial.................860.......0.........0
egg loan ......................2173......0.........0
cahoot credit..................1086......0.........0
Total unsecured debts..........22784.....130.......-

Monthly Budget Summary
Total monthly income.................... 1,520
Expenses (including HP & secured debts). 1,306
Available for debt repayments........... 214
Monthly UNsecured debt repayments....... 130
Amount left after debt repayments....... 84
Personal Balance Sheet Summary
Total assets (things you own)........... 300
Total HP & Secured debt................. -0
Total Unsecured debt.................... -22,784
Net Assets.............................. -22,484

any help would be helpful

sniggings

if you have any joint debts then they will then be hers to pay if you go BR,so maybe she might have to become debt free also,its not all bad just read posts on here and see what people say after going BR most if not all are happy they did it and only wish they did it sooner,good luck:beer:

fiveyearplan

chunkyu wrote: »

I need help i guess im tired of running away i've been silly, and i know that br is the only way to go, with a heavy heart

i don't want my partner included in my br is there anyway to seperate her from it. does she have to be included? i have listed the soa with her included. im certain that i want to go br. and i have the money to do it please help

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.................... 2
Monthly Income Details
Monthly income after tax................ 720
Partners monthly income after tax....... 800 just put the contribution not whole income
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1520
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 495
Management charge (leasehold property).. 0
Council tax............................. 92
Electricity............................. 30 this looks cheap
Gas..................................... 40 ditto
Oil..................................... 0
Water rates............................. 48 this seems high - does it include arrears?
Telephone (land line)................... 24 put this at £60 and delete mobile
Mobile phone............................ 40
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 250 I think you can up this to at least £300
Clothing................................ 20
Petrol/diesel........................... 100 put petrol just for your car
Road tax................................ 25 ditto - is this just for your car?
Car Insurance........................... 40 ditto
Car maintenance (including MOT)......... 0 don't you need to add anything here?
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 20
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 25 not usually allowed but leave in and see
Haircuts................................ 25 10 - just for you
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 20 same as presents
Total monthly expenses.................. 1306

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 300
Other assets............................ 0
Total Assets............................ 300

No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
loan from family memb..........4000......100.......0
virgin cc......................920.......30........0
cahoot loan....................4543......0.........0
rlp............................1139......0.........0
tessera portfolio..............368.......0.........0
hbos...........................4588......0.........0
egg cc.........................1357......0.........0
natwest o/d....................1500......0.........0
money shop.....................250.......0.........0
citi financial.................860.......0.........0
egg loan ......................2173......0.........0
cahoot credit..................1086......0.........0
Total unsecured debts..........22784.....130.......-

Monthly Budget Summary
Total monthly income.................... 1,520
Expenses (including HP & secured debts). 1,306
Available for debt repayments........... 214
Monthly UNsecured debt repayments....... 130
Amount left after debt repayments....... 84
Personal Balance Sheet Summary
Total assets (things you own)........... 300
Total HP & Secured debt................. -0
Total Unsecured debt.................... -22,784
Net Assets.............................. -22,484

any help would be helpful

So you need to adjust the expenses to include all household bill then just your personal expenses like haircuts, petrol, etc. Then her income contribution will need to be adjusted accordingly as she will have her own expenses and debt to service. Like you said, she isn't involved in your BR. I would adjust partner's contribution to £550 which means you shouldn't incur IPA. Your household expenditure is £1,077 so if your partner is contributing £550 that is just over 50% so shouldn't be argued. The rest of the expenditure would be your personal stuff and she would be expected to have that kind of expenditure too.

beentheredonethatstilhere

IPA= Income Payment Agreement

If you have any surplus over £99 then you pay a % to the OR for 36 months.

Some links from the Bankruptcy Help sticky

• IPO / IPA (Income Payment Orders and Income Payment Agreements) (IS)
• FAQ - Income Payment Orders / Agreements ( IPO / IPA ) (IS)
• OR's Case Help Manual - Income Payments Agreements (IS)
• OR's Case Help Manual - Income Payments Orders (IS)
• OR's Technical Manual - IPAs Assessment of real disposable income (IS)
• Nil tax (NT) coding/IPAs (MSE)
• Income Payments Calculator (Excel spreadsheet) (IS)

I strongly suggest you read that sticky as there is lots of good information in there.

Also I notice you have no contents insurance. Make sure you get some with accidental damage. Click on the red insurance tab at the top and read Martins article on getting the best deal and then go through Quidco and Topcashback to see if you can get any cash back.

You could also include £25 or a modest UK holiday.

fiveyearplan

No, you don't need to bring proof of any straightforward expenditure like household bills unless maybe if they are extraordinarily high - which yours weren't.

fiveyearplan

If you cannot remember the debt don't worry it will still be included if it comes to light at a later date as long as everything was owed at time of BR.

You need to have the account numbers and rough amount owed. The OR will be able to get all this information anyway even if you can't provide everything. Do you know the account numbers and who the debt is to?

Do you know the account numbers of your bank accounts? Thats all you need.

chunkyu

most of the debt were passed onto debt collection agencies, i have some of those letters but only prob half.
i lost a load of paperwork when i moved.
also i have moved and am not sure if i have to prove where i live?
also i heard that i can fill out the form for the br online and print them off is this right?

fiveyearplan

How long have you been at your current address and is it the same area?

Yes, you can fill out the forms online - see the bankruptcy guide on the front page of this forum - it really has a lot of useful information - you should have a read through it to help your understanding of the whole process. There is also a link to the forms.

fiveyearplan

Since you have been there for the past 6 months you can file in Lincolnshire.

fiveyearplan

http://forums.moneysavingexpert.com/showthread.html?t=1056083

chunkyu

hi again how do i find the court i need to go to? im confused and can't work it out please help