SoA for DRO - New SOA Added in 1st Post - Pls Check

Lostboy02

Hi guys,

Could you please check my SOA , im hoping to go for a DRO through the CAB as soon as possible.

I am renting a flat with one other person, we are a couple but not serious, we do however have a joint bank account for paying some bills, water , gas ,elec etc. Its only my pay that goes into that account, she just gives me half the bill when required.

We dont share money or pool our salaries or anything like that, id assume that it will be only my earning taken into account.

All the payment amounts shown on the SOA are my half of the bills only

Thanks all
Statement of Affairs and Personal Balance Sheet

Monthly Income Details
Monthly income after tax................ 912
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 912

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 255
Management charge (leasehold property).. 0
Council tax............................. 41
Electricity............................. 30
Gas..................................... 30
Oil..................................... 0
Water rates............................. 20
Telephone (land line)................... 40
Mobile phone............................ 0
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 200
Clothing................................ 40
Petrol/diesel........................... 130
Road tax................................ 15
Car Insurance........................... 32
Car maintenance (including MOT)......... 20
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 15
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 15
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 10
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 905


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

No Secured nor Hire Purchase Debts

Unsecured Debts
Description....................Debt......Monthly...APR
Total unsecured debts..........0.........0.........-


Monthly Budget Summary
Total monthly income.................... 912
Expenses (including HP & secured debts). 905
Available for debt repayments........... 7
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 7

Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -0
Net Assets.............................. 0

Created using the SOA calculator at https://www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using Firefox browser.

elfieb

How much is your car worth?

Lostboy02

Its not mine, it was purchased by and belongs to my parents, its registered in my mothers name but when i moved i needed a car and couldnt afford to buy one so they let me use it.

sniggings

mate there are a few things you could change and need to redo correctly but as you are not on a big wage I think it would be most unlikely you would have to repay anything.

JCS1

I thought on a DRO that your surplus had to be less than £50 p/m? Having said that groceries are very low so you could increase that to £180-200 p.m Clothing add £40 p/m

Lostboy02

There are things that i havent included, internet for example, and i have a personal debt to a family member. but i know they dont count on the SOA so i left them out.

As you can see with my Debt repayments i am in a 72 pound minus every month so i currently have no surplus, is the 50 surplus before or after debt repayments?

tigerfeet2006

The surplus is without any debt repayments.

JCS is right, £200 for groceries, £40 for clothes, £15 medical, £30 holiday (though not sure if that is allowed on a DRO as it is in BR, hopefully someone will confirm) Do you not have a phone or mobile?

Lostboy02

Yes i have a pay as you go mobile phone now. Are the above figures allowed with DRO , clothes etc?
Are utility bills required when processing a DRO? just so i know what i have to collect.

Thanks for all replys so far

elfieb

Having gone through the DRO process myself, there is no "set SOA".

Basically if you have less than £50 suplus a month, I dont think there will be much questioning, well there wasnt for me anyway.

No utility bills required.

Lostboy02

Statement of Affairs and Personal Balance Sheet

Monthly Income Details
Monthly income after tax................ 912
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 912

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 255
Management charge (leasehold property).. 0
Council tax............................. 40
Electricity............................. 20
Gas..................................... 20
Oil..................................... 0
Water rates............................. 20
Telephone (land line)................... 0
Mobile phone............................ 25
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 200
Clothing................................ 40
Petrol/diesel........................... 130
Road tax................................ 15
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).... 15
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 10
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 10
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 852


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

No Secured nor Hire Purchase Debts

Unsecured Debts
Description....................Debt......Monthly...APR
Total unsecured debts..........0.........0.........-


Monthly Budget Summary
Total monthly income.................... 912
Expenses (including HP & secured debts). 852
Available for debt repayments........... 60
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 60

Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -0
Net Assets.............................. 0

Created using the SOA calculator at https://www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using Firefox browser.

Well i revised it slightly, I am really struggling and cant afford BR but i dont want to be dishonest, it seems i have a problem

tigerfeet2006

You still have to much surplus, add £30 for holiday and see if that is accepted.