where do I start bankruptcy?

tigerfeet2006

devona wrote: »

This makes me wanna weep when I see how irresponsible I have been and its not as if I have anything to show for it I have just buried my head so now I have to face up to the consequences


Number of adults in household........... 2
Number of children in household.........
Number of cars owned.................... 1[Monthly income after tax................ 1230
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ Total monthly income.................... 1230[/b]
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 300
Management charge (leasehold property).. 0
Council tax............................. 100
Electricity............................. 50
Gas..................................... 60
Oil..................................... 0
Water rates............................. 30
Telephone (land line)................... 0 Do you not have land line?
Mobile phone............................ 10
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 100 £400
Clothing................................ 20 £50
Petrol/diesel........................... 20 is it really this low?
Road tax................................ 20
Car Insurance........................... 140 yearly needs to be divided to monthly, make sure it is fully comp.
Car maintenance (including MOT)......... 50
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0 £20
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0 you need to get this, especially with accidental damage
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 15 £20
Entertainment........................... 0
Holiday................................. 0 £50
Emergency fund.......................... 20 OR usually doesn't allow but leave and see.
Total monthly expenses.................. 827

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 1000
Other assets............................ 0
Total Assets............................ 1000

No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
mint...........................7500......180.......0
marbles........................5900......250.......0
halifax........................1800......25........0
lloyds loan....................7000......230.......0
lloys loan.....................13900.....241.......0
lloyds tsb.....................14900.....285.......0
Total unsecured debts..........51000.....1211......-

Monthly Budget Summary
Total monthly income.................... 1,230
Expenses (including HP & secured debts). 827
Available for debt repayments........... 403
Monthly UNsecured debt repayments....... 1,211
Amount short for making debt repayments. -808
Personal Balance Sheet Summary
Total assets (things you own)........... 1,000
Total HP & Secured debt................. -0
Total Unsecured debt.................... -51,000
Net Assets.............................. -50,000
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.[/font]

Does your OH work?

The above is just a qick outline as to how the OR would look at your SOA, will probably need a bit of tweeking but will give you some idea.

izools

tigerfeet2006 wrote: »

Izools, in this case I would recomend that Devonia gets a new account asap.

From experiance on this board we know that the Co-op very, very rarely freeze an account and if it does get frozen then a quick call to the OR will sort it pretty quickly.

Barclays don't always offer the Connect card and will quite often only offer the Cash card. They are also a bit iffy with internet banking at the moment. Also people are finding it quite hard to open the account.

You shouldn't be running your account so you get charges either.

(the only people who have had major problems with pre-opened accounts are ones who have their OR in Brighton.)

No you're right I've never incurred any charges on any current atall in my life despite my financial difficulties with other creditors, but some just aren't that careful, and we have to give them their due.

Barclays give the Visa Debit card to everyone, they don't credit search the account, and it's a standard offering, no conditions or credit score threshold to pass to get the Visa card on their cash account; atleast not any more

devona

My OH works but its my debt and im not planning on including them on the BR,they contribute to the household bills and pay the landline on the phone.Our utilities are in both our names so I dont know how this would work out ,after BR does my name come off gas ,electric water? I have talked things through with them and because of the job they do I cant ask them for help (long story ).

tigerfeet2006

You need to show how much your OH contributes to the joint household bills, not their full wage just the contribution.

You can still stay on the utilities if you want to, that is not a problem.