My SoA

CrystalIzzy

Hi my car is worth approx £600. It was a category C write off and has few bumps and scratches and peeling paint work. W reg.
Do you think I can really get away with £90 for clothes etc? I would love to spend that much a month!! he he!
Thanks everyone..this is really helping.:T

tigerfeet2006

Oh! yes no problem at all on that. Then you can allocate that extra money to pay your family loan

CrystalIzzy

OK great - will do.
I am right in thinking that apaer from the major forms you dont need to take any supporting evidence to the judge?? This is the stuff the OR wants?? It seems weird that the judge makes a decision on your say so without any supporting evidence.
I've got a nice big file full of evidence ready anyway.

Flowerpot_2

Hi CrystalIzzy
When I phoned the Court to book my appointment i was told to bring 3 copies of the forms plus the fees that was all (plus me of course)
Good luck for Thursday
Flowerpot
x

CrystalIzzy

Uh Oh. I've just realised my tax credits are due to increase in a few weeks by £142 a month, due to the fact I've been paying a reduced amount to pay back an overpayment.
That puts me at big risk of IPA now doesnt it???

tigerfeet2006

CrystalIzzy wrote: »

Uh Oh. I've just realised my tax credits are due to increase in a few weeks by £142 a month, due to the fact I've been paying a reduced amount to pay back an overpayment.
That puts me at big risk of IPA now doesnt it???

Holiday £60, Do you pay any union/professional fees? Do you have breakdown cover, if not might be a good idea to get some? Make sure your house insurance includes accidental damage.

CrystalIzzy

Ooo - can I really put savings for holiday...wont they see that as a luxury?
With regards to contents insurence, I havent got any-but if I do get some, wont that look odd that my policy started really recently??
If I do find I can add anything feasible, I will need increase my outgoings until they are more than my income so as not to incur IPA in a few weeks when my tax credits incease.Doesnt this look like I wouldnt be able to survive even if I went bankrupt?
Thank you

beentheredonethatstilhere

You are entitled to a small UK holiday

Get yourself Contents insurance with accidental damage as soon as you can, as you won't have any access to credit and if like me the motor goes on your freezer is a God send.

As everyone has said on the run up to bankruptcy you cut everything to the bone, bankruptcy is there so youcan get a resonable standard of living back so the OR's are used to seeing this.

If your expenses are above your income initially then don't panic to much. If asked then say you are taking steps to bring it under control and then when your tax credits kick in it will be

CrystalIzzy

I have re-done my SOA based on all your lovely advice. Would appreciate any other comments. 3 days to go....

INCOME
Take home pay : £1120
Tax credits : £502 (rising to £644 end of June)
Child benefit : £86
Child maintenance : £150
Housing benefit : £2
Toal = £1860 (£2002 end of June)

OUTGOINGS
Rent : £505 (rising in August, not sure yet what-trying to find out)
Water : £25
Council Tax : £96
Electric/gas : £71
Telephone: £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: £15
Clthing/shoes : £90
Childs trust fund: £10 (I have this as monthly direct debit into trust fund so will have to declare it)
Holiday savings : £50
Contents Insurance : £10.25
TOTAL = 1909.25

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

Tristesse

The amounts look fine to me, roughly half what I'm doing for 2 adults and 2 children for things like groceries, clothes and a little bit less than my utilities. All the best