My SoA

CrystalIzzy

Hi
As I've mentioned previously - I'm going to court on Thursday to file for bankruptcy.
I'm starting to get paranoid that it wont be granted - even though the CCCS have said it's the right option.
Would someone mind having a look for me and letting me know - are there ite,s that the OR can say no to, such as hairdressers, emergencies etc :
This is based on one adult and one child, monthly. No assets. Rent. Car worth £600.
INCOME
Take home pay : £1120
Tax credits : £502
Child benefit : £86
Child maintenance : £150
Housing benefit : £2
Toal = £1860

OUTGOINGS
Rent : £505
Water : £15
Council Tax : £96
Electric/gas : £71
Telephone/mobile/internet : £30
TV Licence: £12
Satellite : £20
Childcare : £427
Vehicle spares/servicing : £15
Road tax : £11
Motor Insurance : £38
Fuel : £108
Food/shopping: £260
School meals/lunch at work: £22
Child dance class £10
Dentist/opticians: £21 (£16 contact lenses, £5 glasses)
Hairdressing : £10
Dry cleaning: £20
Clthing/shoes : £40
Newspapers/magazines : £5
Sports/hobbies: £27
Childs pocket money : £10
Sundries/emergencies : £20
Loan from family : £50 (total £3000)
TOTAL = 1843

DEBTS :
North Yorkshire £40,000 deficit after voluntary repossession
LLoyds TSB £6,858 personal loan
LLoyds TSB £650 overdraft
Alliance and Leicester : £400 overdraft
Halifax : £100 overdraft
Tonbridge & Malling Borough Council : £1550 housing benefit overpayment

TOTAL : £49,558

sniggings

CrystalIzzy wrote: »

Hi
As I've mentioned previously - I'm going to court on Thursday to file for bankruptcy.
I'm starting to get paranoid that it wont be granted - even though the CCCS have said it's the right option.
Would someone mind having a look for me and letting me know - are there ite,s that the OR can say no to, such as hairdressers, emergencies etc :
This is based on one adult and one child, monthly. No assets. Rent. Car worth £600.
INCOME
Take home pay : £1120
Tax credits : £502
Child benefit : £86
Child maintenance : £150
Housing benefit : £2
Toal = £1860

OUTGOINGS
Rent : £505
Water : £15
Council Tax : £96
Electric/gas : £71
Telephone/mobile/internet : £30 abit low try £55 O AND take the word internet away
TV Licence: £12
Satellite : £20 not allowed
Childcare : £427
Vehicle spares/servicing : £15
Road tax : £11
Motor Insurance : £38
Fuel : £108
Food/shopping: £260 try a bit higher £300
School meals/lunch at work: £22
Child dance class £10 £5 a week allowed i think so £20
Dentist/opticians: £21 (£16 contact lenses, £5 glasses) dont think contacts allowed
Hairdressing : £10
Dry cleaning: £20
Clthing/shoes : £40
Newspapers/magazines : £5 not allowed
Sports/hobbies: £27 not allowed
Childs pocket money : £10 dont think allowed
Sundries/emergencies : £20 not really allowed
Loan from family : £50 (total £3000) not allowed gos into BR
TOTAL = 1843

DEBTS :
North Yorkshire £40,000 deficit after voluntary repossession
LLoyds TSB £6,858 personal loan
LLoyds TSB £650 overdraft
Alliance and Leicester : £400 overdraft
Halifax : £100 overdraft
Tonbridge & Malling Borough Council : £1550 housing benefit overpayment

TOTAL : £49,558

dont worry too much as i dont think you will get a IPA ,and it is very very unlikely you will be turned down for BR

fiveyearplan

That looks fine (with the above comments from sniggings) except on school meals/lunches at work - take out the lunches at work as that bit would be expected to come out of your housekeeping.

For opticians - just leave it as opticians, no need to specify glasses or contacts.
Hairdressing £30

If you make the changes sniggings suggested plus the things I just mentioned it would be £1,819 for outgoings and your income is £1,774 (without child benefit) so you'd still be under the IPA threshold.

CrystalIzzy

Thank you sniggins and fiveyearplan, that really helps. How much does the OR really disect it all? For example CCCS told me to put things such as the fact I pay £10 a month into my daughters child trust fund as child pocket money.
Will they want to see all my bills, by cross referencing with my bank statements? If so, they will see that my mobile bill for the last few months has been approx £50 then I pay Virgin £20 a month for broadband/phone line and digital tv. I would list all this under telephone/mobile, but my mobile bill wont usually be £50. So as Sniggins suggested my total would be £55.
Also school meals/lunch at work is something CCCS told me to put as they would make allowances for it...however my daughter is 3 and not at school!! She does go to nursery, but as can be seen by the hefty nursery fees, meals are included. Should I take this off altogether?
They also told me to put in the amounts for sports and hobbies etc etc...should I take these out completely or still list them to OR?
Thank you:rolleyes:

sniggings

really helps. How much does the OR really disect it all? no not really For example CCCS told me to put things such as the fact I pay £10 a month into my daughters child trust fund as child pocket money.its one of them things that some OR might allow or not but it is best to put other expenses up that you know are allowed because if they dont allow an expenses then it could leave you a excess
Will they want to see all my bills, by cross referencing with my bank statements?again not in most cases If so, they will see that my mobile bill for the last few months has been approx £50 then I pay Virgin £20 a month for broadband/phone line and digital tvif they are all in together you should be ok with that but like i say take the work internet away and if asked about it you can say its cheaper that way. I would list all this under telephone/mobile, but my mobile bill wont usually be £50. So as Sniggins suggested my total would be £55.remember BR is a new start so its not about what you HAVE been living on but its about a correct level ogf living,but in alot of cases people that have beenliving in debt have not been doing o some expenses can be more after BR then before
Also school meals/lunch at work is something CCCS told me to put as they would make allowances for it...however my daughter is 3 and not at school!! She does go to nursery, but as can be seen by the hefty nursery fees, meals are included.in this case i would not inclued this,if the OR was to look into this then they would see it was a lie and be very upset and better not to upset your OR(put your food up a bit to make up for it they will just lower it abit if they want, Should I take this off altogetheryes?
They also told me to put in the amounts for sports and hobbies etc etc...should I take these out completely or still list them to OR?like i said above if the OR was not to allow this(the normal amount is £5 a week then it could leave you with an excess so better to put up something you are allowed then they will just lower it rather than take it away all together,but if your other allowed expenses are really at their max then leave in and see!
Thank you:rolleyes:[/QUOTE]

CrystalIzzy

OK...I've re-done my soa...how does this look??..
Also, can someone explain the child benefit to me - do they not count it as an income??
Thanks

INCOME
Take home pay : £1120
Tax credits : £502
Child benefit : £86
Child maintenance : £150
Housing benefit : £2
Toal = £1860

OUTGOINGS
Rent : £505
Water : £25
Council Tax : £96
Electric/gas : £71
Telephone/mobile : £55
TV Licence: £12
Childcare : £422
Vehicle spares/servicing : £20
Road tax : £11
Motor Insurance : £38
Fuel : £108
Food/shopping: £300
Child dance class £20
opticians: £21
Hairdressing : £30
Dry cleaning: £20
Clthing/shoes : £45
Childs trust fund: £10 (I have this as monthly direct debit into trust fund so will have to declare it)
Loan from family : £50 (total £3000) (will they just say tough to this? I know BR doesnt cover it)
TOTAL = 1859

DEBTS :
North Yorkshire £40,000 deficit after voluntary repossession
LLoyds TSB £6,858 personal loan
LLoyds TSB £650 overdraft
Alliance and Leicester : £400 overdraft
Halifax : £100 overdraft
Tonbridge & Malling Borough Council : £1550 housing benefit overpayment

TOTAL : £49,558

philnicandamy

CrystalIzzy wrote: »

OK...I've re-done my soa...how does this look??..
Also, can someone explain the child benefit to me - do they not count it as an income??
Thanks

INCOME
Take home pay : £1120
Tax credits : £502
Child benefit : £86
Child maintenance : £150
Housing benefit : £2
Toal = £1860

OUTGOINGS
Rent : £505
Water : £25
Council Tax : £96
Electric/gas : £71 this seems low....remember you'll need to budget for winter as well
Telephone[STRIKE]/mobile [/STRIKE]: £55 Just leave it as telephone
TV Licence: £12
Childcare : £422
Vehicle spares/servicing : £20
Road tax : £11
Motor Insurance : £38
Fuel : £108
Food/shopping: £300
Child dance class £20 £5 per child per week....
opticians: £21
Hairdressing : £30
Dry cleaning: £20 £15
Clthing/shoes : £45 could be higher...
Childs trust fund: £10 (I have this as monthly direct debit into trust fund so will have to declare it) OR will question & may not allow
Loan from family : £50 (total £3000) (will they just say tough to this? I know BR doesnt cover it) OR will NOT allow....they will be treated like all other creditors (although what you do with your surplus IF ANY you do with the or's wont bother)
TOTAL = 1859

DEBTS :
North Yorkshire £40,000 deficit after voluntary repossession
LLoyds TSB £6,858 personal loan
LLoyds TSB £650 overdraft
Alliance and Leicester : £400 overdraft
Halifax : £100 overdraft
Tonbridge & Malling Borough Council : £1550 housing benefit overpayment

TOTAL : £49,558

Who owns the car? if its paid for & in your name how much is it roughly worth?

sniggings

Loan from family : £50 (total £3000) (will they just say tough to this? I know BR doesnt cover

no way will this be allowed or should you be leaving it in! when you go BR all creditors have to be treated the same you can't say I will pay this one but not that one!

tigerfeet2006

Agree with Phils comments. Take off the family loan and put clothes up to £90.

philnicandamy

tigerfeet2006 wrote: »

Agree with Phils comments. Take off the family loan and put clothes up to £90.

(Hello stranger....hope you & the clan are well? tried to PM you but your bloomin box is full!!!!)

tigerfeet2006

philnicandamy wrote: »

(Hello stranger....hope you & the clan are well? tried to PM you but your bloomin box is full!!!!)

Hello my sweet . I am so glad to see you sounding so much better.

The clan a hail and hearty and running me ragged . DH has broken his wrist :rolleyes: so he couldn't board the loft or get the garden sorted this holiday :rolleyes:. Still reckon he did it on purpose :rotfl:

My laptop went kaput and we are borrowing one at the moment, so I can get my fix

Will go and empty my in box, keep trying but people keep PMing me