BR Help - Would I qualify?

fiveyearplan

cloverhill wrote: »

Hi,

I'm going BR tomorrow morn. 10.45 so last minute nerves are setting in. I just wanted to check that my SOA is ok.

One point - my Council Tax this year (£85) should be inc as it is already with bailiffs so I have left that off - but that does put my surplus to 145.

Also my earnings are based on the average for the last 12 months - see above for explanation. Also work our you earnings over past 3 months and 6 months and average them out - use the one that gives you a better result (ie lowest figure!)

Household Information

Number of adults in household........... 1
Number of children in household......... 0
Number of cars owned.................... 1

Monthly Income Details

Monthly income after tax................ 1180
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1180

Monthly Expense Details

Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 413
Management charge (leasehold property).. 0
Council tax............................. 0 add this in
Electricity............................. 40 do these utilities cover winter heating/lighting?
Gas..................................... 40 ditto
Oil..................................... 0
Water rates............................. 20
Telephone (land line)................... 25
Mobile phone............................ 10
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 200
Clothing................................ 40
Petrol/diesel........................... 50
Road tax................................ 30
Car Insurance........................... 45
Car maintenance (including MOT)......... 30
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 8 20
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 25
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 10
Entertainment........................... 0
Holiday................................. 40
Emergency fund.......................... 0
Total monthly expenses.................. 1038

Assets

Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 1500
Other assets............................ 0
Total Assets............................ 1500

Monthly Budget Summary

Total monthly income.................... 1,180
Expenses (including HP & secured debts). 1,038
Available for debt repayments........... 142
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 142

Personal Balance Sheet Summary
Total assets (things you own)........... 1,500
Total HP & Secured debt................. -0
Total Unsecured debt.................... -0
Net Assets.............................. 1,500

When you add in your council tax and up the things I suggest (if you decide to do so) that should put your surplus under £99 even if some things like holiday are taken off.
GOOD LUCK !!!!! Let us know how you get on.

confused76

good luck for tomorrow!!

newdawn_2

I would recommend a modest amount for car parking and also agree include Council tax

tigerfeet2006

Agree with the others. Up your clothing to £50 and add dry cleaning at £10 as you are a manager so need to look your best.

Have a play with the figures and pop it back up.

All the best for tomorrow.

cloverhill

Phew, I did it.

It went really painlessley. Got to court for 9.15, had forms checked, paid money, swore an oath. Was taken up to court hearing rooms and waited approx 10 mins for person b4 me to finish. Saw judge who was lovely, non judgemental. Said I was doing the right thing, had nothing to feel guilty of etc. Stamped my forms at 10.20am. Told me to go and enjoy my first non guilty cuppa...

Spoke to the OR briefly, went over bank accts etc. All in all took about an hour.

Just got home & feel very strange. Relieved but still got to get my head round it all. I suppose when I get that first creditor call it will sink in.

A very big thank you to everyone who has helped me get this far & I hope that in my experience from now to the end I may be able to give something back through this forum.:T

confused76

well done cloverhill big sigh of relief:beer:

dojoman

Well done, bet you are glad that bit is over, thanks for sharing your experience of going BR, good luck for the future. :beer: