Worse case scenario...

Sammy3008

philnicandamy wrote: »

Just a thought

Thank you.

I've told my DH I will make sure I answer every possible question, so he can be sure he's going to do everything right

philnicandamy

see thats the good thing abut here.....no matter WHAT the time you'll always usually get an answer!

Sammy3008

philnicandamy wrote: »

see thats the good thing abut here.....no matter WHAT the time you'll always usually get an answer!

And nobody seems to get fed up with the amount of questions I keep asking

Sammy3008

Can Dentist payments be added on to our SOA? Or would this come under Medical, if so, think DH should perhaps look at upping this a little, as be do pay out more than £14.00 a month on prescriptions and seeing the dentist etc.

tigerfeet2006

You can put medical down as £20 a month for your DH.

Have you looked into pre payment certificates?

http://www.dh.gov.uk/en/Healthcare/Medicinespharmacyandindustry/Prescriptions/NHScosts/DH_4049383

Sammy3008

tigerfeet2006 wrote: »

You can put medical down as £20 a month for your DH.

Have you looked into pre payment certificates?

http://www.dh.gov.uk/en/Healthcare/Medicinespharmacyandindustry/Prescriptions/NHScosts/DH_4049383

Does Dentist costs come under the PPC?

tigerfeet2006

Sorry no just the prescriptions.

Sammy3008

tigerfeet2006 wrote: »

Sorry no just the prescriptions.

Thank you

serenity34_2

Sammy3008 wrote: »

And I'm so sorry for posting again, just things keep popping into my head, and I know I must ask you all.

As we have now 'pretty' much decided to move into rental accomodation, and stop paying the mortgage etc (hopefully this will happen asap, but got to wait until at least Friday as OH just needs to clarify employment contract with his union rep and then got to find the new property ) what happens if the Judge doesn't believe my OH is worthy of BR?
Am just going to do another SOA (done below) and then hopefully we can get definate idea's from everyone.

I know I'm being silly, as I know my OH is in 'alot' of debt, but I think it just plays on my mind a little, there's always 'what if's' :rolleyes:

This SOA will differ slightly from the real one, as we will no longer be paying the mortgage, will be rent instead, and C/T, Elec, Gas, Water, phone, tv licence may be higher/lower and we'll have to pay no Building insurance just contents, so I guess a difficult one to answer and I guess he'll owe more now, because of charges added on etc, but this is how it stands now: (have excluded the DLA for son at the moment)

Household Information
Number of adults in household........... 2
Number of children in household......... 2
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1750
Partners monthly income after tax....... 0
Benefits................................ 202 Child Benefit and Tax Credits
Other income............................ 0
Total monthly income.................... 1952
Monthly Expense Details
Mortgage................................ 495 This won't exist
Secured/HP loan repayments.............. 0
Rent.................................... 0 Likely to be between £625 & £650 per mth
Management charge (leasehold property).. 0
Council tax............................. 86 Possibly higher, dependant on area currently believe where in lower band here
Electricity............................. 35 Probably higher, as hopefully will be in a bigger house
Gas..................................... 58 Same as Electric
Oil..................................... 0
Water rates............................. 32
Telephone (land line)................... 35
Mobile phone............................ 15
TV Licence.............................. 12
Satellite/Cable TV...................... 30 I know this comes out of surplus and probably won't have anyway
Internet Services....................... 0 Comes under Telephone at min
Groceries etc. ......................... 500 Is this about right for family of 4
Clothing................................ 20
Petrol/diesel........................... 120 This may possibly lower, as nearer OH work
Road tax................................ 14
Car Insurance........................... 35
Car maintenance (including MOT)......... 10
Car parking............................. 10
Other travel............................ 10 Bus fare for me & daughter
Childcare/nursery....................... 0
Other child related expenses............ 34 Daughter dinner money
Medical (prescriptions, dentist etc).... 14
Pet insurance/vet bills................. 0
Buildings insurance..................... 10 Won't be paying this when moved
Contents insurance...................... 10 Maybe slightly higher
Life assurance ......................... 0 Not got this at moment
Other insurance......................... 0
Presents (birthday, christmas etc)...... 15
Haircuts................................ 18
Entertainment........................... 10
Holiday................................. 25
Emergency fund.......................... 5
DMP..................................... 150 Won't be running this
Total monthly expenses.................. 1808

Assets
Cash.................................... 500 Rough guess at what OH could lose
House value (Gross)..................... 75000
Shares and bonds........................ 0
Car(s).................................. 3500
Other assets............................ 0
Total Assets............................ 79000

Secured & HP Debts[/b]
Description....................Debt......Monthly...APR
Mortgage...................... 76029....(495)......0
Total secured & HP debts...... 76029 This will no doubt be higher, as when OH cancel's mortgage will incur charges
Unsecured Debts
Description....................Debt......Monthly...APR
Credit Card.................... 3500. Minimum payment varies
Loan........................... 16000.....202......6.5%
Loan........................... 10000.....109.01......7.8%
Loan........................... 24000......155.pence.....
Loan........................... 9500......198.00
Loan........................... 14000
Total unsecured debts..........77000

Monthly Budget Summary
Total monthly income.................... 1,952
Expenses (including HP & secured debts). 1,808
Available for debt repayments........... 144
Monthly UNsecured debt repayments....... 202
Amount short for making debt repayments. -58
Personal Balance Sheet Summary
Total assets (things you own)........... 79,000
Total HP & Secured debt................. -76,029
Total Unsecured debt.................... -77,000
Net Assets.............................. -74,029

The legal definition of insolvency is that you cannot pay your debts as they fall due. Clearly your OH cannot do this therefore she's insolvent. I think you will be surprised at how quickly you get whipped in and out of judge's chambers when a Bankruptcy Order is made. Usually no more than 10-15 mins as they will check that you know what you're doing and have had some advice so are aware of all the implications.

Best of luck with it

Sammy3008

serenity34 wrote: »

The legal definition of insolvency is that you cannot pay your debts as they fall due. Clearly your OH cannot do this therefore she's insolvent. I think you will be surprised at how quickly you get whipped in and out of judge's chambers when a Bankruptcy Order is made. Usually no more than 10-15 mins as they will check that you know what you're doing and have had some advice so are aware of all the implications.

Best of luck with it

Thank you

I keep posting on here for my DH, lol, and keep posting the SOA's, but do just want to be sure, as I am re-laying the info back to him, lol.

Again thank you,

Sam.