SOA....can anyone advise...

Powermouse

I also have it at the end of my last (&first) post incase anyone gets confused (bankrupt....after breakup) but thought it best to post separately, thanks all

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 1
Number of children in household.........
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1300
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1300 (AFTER CSA DEDUCTED AT SOURCE)
Monthly Expense Details
Mortgage................................ 700
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 60
Electricity............................. 50
Gas..................................... 30
Oil..................................... 0
Water rates............................. 44
Telephone (land line)................... 30
Mobile phone............................ 0
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 20
Groceries etc. ......................... 300
Clothing................................ 15
Petrol/diesel........................... 70
Road tax................................ 5.5
Car Insurance........................... 22
Car maintenance (including MOT)......... 25
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 42 (BRIDGE TOLL AND PETROL WHEN I BORROW A CAR TO COLLECT MY 6 YR OLD OVER BRIDGE)
Medical (prescriptions, dentist etc).... 5
Pet insurance/vet bills................. 15
Buildings insurance..................... 17 (BUILDINGS AND CONTENTS)
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 15
Haircuts................................ 5
Entertainment........................... 0
Holiday................................. 30
Emergency fund.......................... 10
(Unnamed monthly expense)............... 0
Total monthly expenses.................. 1522.5

Assets
Cash.................................... 0
House value (Gross)..................... 109000
Shares and bonds........................ 0
Car(s).................................. 1900 (MOTORBIKE I HAVE NO CAR)
Other assets............................ 0
Total Assets............................ 110900

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 103000...(700)......7
Total secured & HP debts...... 103000....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
HSBC CREDIT CARD...............5250......160.......0
TESCO CREDIT CARD..............3800......114.......0
HALIFAX CREDIT CARD............1700......60........0
HSBC OVERDRAFT.................1088......0.........0
SOLS FEES DIVORCE..............700.......50........0
HSBC LOAN PERSONAL.............13906.....368.......0
Total unsecured debts..........26444.....752.......-

Monthly Budget Summary
Total monthly income.................... 1,300
Expenses (including HP & secured debts). 1,522.5
Available for debt repayments........... -222.5
Monthly UNsecured debt repayments....... 752
Amount short for making debt repayments. -974.5
Personal Balance Sheet Summary
Total assets (things you own)........... 110,900
Total HP & Secured debt................. -103,000
Total Unsecured debt.................... -26,444
Net Assets.............................. -18,544


DEEP IN IT TIL I DID THIS I DIDN'T REALISE HOW BAD!!!!!!:beer: I NEED A BEER OR 2:mad:

Merry_Gentry

Hiya - you need to do it minus any debt payments as once you go bankrupt they won't be there. At the moment they are making it difficult to see what your surplus is after bankruptcy.

Merry_Gentry

Powermouse wrote: »

I also have it at the end of my last (&first) post incase anyone gets confused (bankrupt....after breakup) but thought it best to post separately, thanks all

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 1
Number of children in household.........
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1300
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1300 (AFTER CSA DEDUCTED AT SOURCE)
Monthly Expense Details
Mortgage................................ 700 - if you are leaving the house, what is rent in your area?
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 60
Electricity............................. 50
Gas..................................... 30
Oil..................................... 0
Water rates............................. 44
Telephone (land line)................... 30
Mobile phone............................ 0
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 20 - not allowed unless needed for work or education purposes
Groceries etc. ......................... 300
Clothing................................ 15
Petrol/diesel........................... 70
Road tax................................ 5.5
Car Insurance........................... 22
Car maintenance (including MOT)......... 25
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 42 (BRIDGE TOLL AND PETROL WHEN I BORROW A CAR TO COLLECT MY 6 YR OLD OVER BRIDGE)
Medical (prescriptions, dentist etc).... 5
Pet insurance/vet bills................. 15
Buildings insurance..................... 17 (BUILDINGS AND CONTENTS)
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 15
Haircuts................................ 5
Entertainment........................... 0
Holiday................................. 30
Emergency fund.......................... 10 - you won't be allowed an emergency fund
(Unnamed monthly expense)............... 0
Total monthly expenses.................. 1522.5

Assets
Cash.................................... 0
House value (Gross)..................... 109000
Shares and bonds........................ 0
Car(s).................................. 1900 (MOTORBIKE I HAVE NO CAR)
Other assets............................ 0
Total Assets............................ 110900

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 103000...(700)......7
Total secured & HP debts...... 103000....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
HSBC CREDIT CARD...............5250......160.......0
TESCO CREDIT CARD..............3800......114.......0
HALIFAX CREDIT CARD............1700......60........0
HSBC OVERDRAFT.................1088......0.........0
SOLS FEES DIVORCE..............700.......50........0
HSBC LOAN PERSONAL.............13906.....368.......0
Total unsecured debts..........26444.....752.......-

Monthly Budget Summary
Total monthly income.................... 1,300
Expenses (including HP & secured debts). 1,522.5
Available for debt repayments........... -222.5
Monthly UNsecured debt repayments....... 752
Amount short for making debt repayments. -974.5
Personal Balance Sheet Summary
Total assets (things you own)........... 110,900
Total HP & Secured debt................. -103,000
Total Unsecured debt.................... -26,444
Net Assets.............................. -18,544


DEEP IN IT TIL I DID THIS I DIDN'T REALISE HOW BAD!!!!!!:beer: I NEED A BEER OR 2:mad:

You might have to argue that the bike is essential for work. When you say you borrow a car to pick up your child, do you have to pay for this?

Powermouse

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 1
Number of children in household.........
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1300
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1300
Monthly Expense Details
Mortgage................................ 700
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 60
Electricity............................. 50
Gas..................................... 30
Oil..................................... 0
Water rates............................. 44
Telephone (land line)................... 30
Mobile phone............................ 0
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 20
Groceries etc. ......................... 300
Clothing................................ 15
Petrol/diesel........................... 70
Road tax................................ 5.5
Car Insurance........................... 22
Car maintenance (including MOT)......... 25
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 42
Medical (prescriptions, dentist etc).... 5
Pet insurance/vet bills................. 15
Buildings insurance..................... 17
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 15
Haircuts................................ 5
Entertainment........................... 0
Holiday................................. 30
Emergency fund.......................... 10
(Unnamed monthly expense)............... 0
Total monthly expenses.................. 1522.5

Assets
Cash.................................... 0
House value (Gross)..................... 109000
Shares and bonds........................ 0
Car(s).................................. 1900
Other assets............................ 0
Total Assets............................ 110900

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 103000...(700)......7
Total secured & HP debts...... 103000....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
HSBC CREDIT CARD...............5250......0.........0
TESCO CREDIT CARD..............3800......0.........0
HALIFAX CREDIT CARD............1700......0.........0
HSBC OVERDRAFT.................1088......0.........0
SOLS FEES DIVORCE..............700.......0.........0
HSBC LOAN PERSONAL.............13906.....0.........0
Total unsecured debts..........26444.....0.........-

Monthly Budget Summary
Total monthly income.................... 1,300
Expenses (including HP & secured debts). 1,522.5
Available for debt repayments........... -222.5
Monthly UNsecured debt repayments....... 0
Amount short for making debt repayments. -222.5
Personal Balance Sheet Summary
Total assets (things you own)........... 110,900
Total HP & Secured debt................. -103,000
Total Unsecured debt.................... -26,444
Net Assets.............................. -18,544

Powermouse

i need to rent somewhere 300 less.....are all the amounts ok for one person......

Merry_Gentry

You need to take out emergency fund, internet, etc and remove the debts then we can see where you can shave any money off. If you can't afford the mortgage, you need to find out how much it will cost you to rent somewhere appropriate, then redo your SOA showing that amount instead of the mortgage.

Powermouse

the rent in our area for me for a smaller place could be around 400-500 and if i take off what u highlighted in total £30 for emergency fund and internet that should give me 230 extra to live which would about break even.

Powermouse

or keep me within that 99 bracket for an IPA

Flowerpot_2

Powermouse wrote: »

I also have it at the end of my last (&first) post incase anyone gets confused (bankrupt....after breakup) but thought it best to post separately, thanks all

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 1
Number of children in household.........
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1300
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1300 (AFTER CSA DEDUCTED AT SOURCE)
Monthly Expense Details
Mortgage................................ 700
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 60
Electricity............................. 50
Gas..................................... 30
Oil..................................... 0
Water rates............................. 44
Telephone (land line)................... 30
Mobile phone............................ 0 (no mbl?)
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 20 (best to lump this in with the telephone land-line unless you can prove you need it for work)
Groceries etc. ......................... 300 (this seems a bit high for one person?)
Clothing................................ 15
Petrol/diesel........................... 70
Road tax................................ 5.5 (?)
Car Insurance........................... 22
Car maintenance (including MOT)......... 25
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 42 (BRIDGE TOLL AND PETROL WHEN I BORROW A CAR TO COLLECT MY 6 YR OLD OVER BRIDGE)
Medical (prescriptions, dentist etc).... 5
Pet insurance/vet bills................. 15
Buildings insurance..................... 17 (BUILDINGS AND CONTENTS)
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 15 (OR queried this on mine)
Haircuts................................ 5
Entertainment........................... 0
Holiday................................. 30
Emergency fund.......................... 10 (not allowed)
(Unnamed monthly expense)............... 0
Total monthly expenses.................. 1522.5

Assets
Cash.................................... 0
House value (Gross)..................... 109000
Shares and bonds........................ 0
Car(s).................................. 1900 (MOTORBIKE I HAVE NO CAR)
Other assets............................ 0
Total Assets............................ 110900

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 103000...(700)......7
Total secured & HP debts...... 103000....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
HSBC CREDIT CARD...............5250......160.......0
TESCO CREDIT CARD..............3800......114.......0
HALIFAX CREDIT CARD............1700......60........0
HSBC OVERDRAFT.................1088......0.........0
SOLS FEES DIVORCE..............700.......50........0
HSBC LOAN PERSONAL.............13906.....368.......0
Total unsecured debts..........26444.....752.......-

Monthly Budget Summary
Total monthly income.................... 1,300
Expenses (including HP & secured debts). 1,522.5
Available for debt repayments........... -222.5
Monthly UNsecured debt repayments....... 752
Amount short for making debt repayments. -974.5
Personal Balance Sheet Summary
Total assets (things you own)........... 110,900
Total HP & Secured debt................. -103,000
Total Unsecured debt.................... -26,444
Net Assets.............................. -18,544


DEEP IN IT TIL I DID THIS I DIDN'T REALISE HOW BAD!!!!!!:beer: I NEED A BEER OR 2:mad:

Mmmnn don't I know that feeling - definately my light-bulb moment :rolleyes:Hope this helps a bit I'm sure others will be along soon
Fp x

Powermouse

YES I HAVE mobile but didn't think u were allowed it.......what is a reasonable figure for food and everything.....i am obviously spending too much.....so if i take out internet and put in mobile that is allowed?

Powermouse

road tax is cheap as it is a motorbike......