We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

my soa

covlad1980
covlad1980 Posts: 57 Forumite
edited 3 August 2009 at 10:35AM in Bankruptcy & living with it
Hey all as requseted my current soa, will post my another one as well as ,I hope to move in with gf after br so my outgoings will change

Statement of Affairs and Personal Balance Sheet
Monthly Income Details
Monthly income after tax................ 1250
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1250
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 22
Rent.................................... 260
Management charge (leasehold property).. 0
Council tax............................. 0 None at moment as currently living at home with mum who disabled.Been told im exempt as help my mum
Electricity............................. 40
Gas..................................... 60
Oil..................................... 0
Water rates............................. 30
Telephone (land line)................... 0
Mobile phone............................ 50
TV Licence.............................. 12
Satellite/Cable TV...................... 44
Internet Services....................... 14
Groceries etc. ......................... 200
Clothing................................ 10
Petrol/diesel........................... 160
Road tax................................ 10
Car Insurance........................... 60
Car maintenance (including MOT)......... 50
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 20
Haircuts................................ 10
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1052

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 2000 currently have around that in shares on pay as yoy earn scheme as work for tesco,but locked in till 2011 earliset.Any advice on this
Car(s).................................. 800
Other assets............................ 0
Total Assets............................ 2800

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 0........(0)........0
Hire Purchase (HP) debt ...... 0........(22).......0
Total secured & HP debts...... 0.........-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
hsbc loan......................20187.....315.......0
hsbc credit card...............4991......118.......0
hsbc overdraft.................1500......0.........0
barclays finace................200.......13........0
Total unsecured debts..........26878.....446.......-

Monthly Budget Summary
Total monthly income.................... 1,250
Expenses (including HP & secured debts). 1,052
Available for debt repayments........... 198
Monthly UNsecured debt repayments....... 446
Amount short for making debt repayments. -248
Personal Balance Sheet Summary
Total assets (things you own)........... 2,800
Total HP & Secured debt................. -0
Total Unsecured debt.................... -26,878
Net Assets.............................. -24,078
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.



I currently live in my overdraft so get caharges for going over overdraft ,happening more often latley.Also charges for being in overdraft.

Also keep lending some money of brother every month around 100-150 to help me pay my debts
«1

Comments

  • covlad1980
    covlad1980 Posts: 57 Forumite
    edited 3 August 2009 at 10:42AM
    2nd soa after br,just so I can see will I have to pay for 3 yrs after an ipo or what ever it called lol


    Statement of A


    ffairs and Personal Balance Sheet
    Monthly Income Details
    Monthly income after tax................ 1250
    Partners monthly income after tax....... 0
    Benefits................................ 0
    Other income............................ 0
    Total monthly income.................... 1250
    Monthly Expense Details
    Mortgage................................ 0
    Secured/HP loan repayments.............. 0
    Rent.................................... 290
    Management charge (leasehold property).. 0
    Council tax............................. 100 this is what im told by someome who lives where me and gf want to live ,when we move in together,but only guessing at mo
    Electricity............................. 40
    Gas..................................... 60
    Oil..................................... 0
    Water rates............................. 30
    Telephone (land line)................... 0
    Mobile phone............................ 50
    TV Licence.............................. 12
    Satellite/Cable TV...................... 44
    Internet Services....................... 14
    Groceries etc. ......................... 200
    Clothing................................ 10
    Petrol/diesel........................... 160
    Road tax................................ 10
    Car Insurance........................... 60
    Car maintenance (including MOT)......... 50
    Car parking............................. 0
    Other travel............................ 0
    Childcare/nursery....................... 0
    Other child related expenses............ 0
    Medical (prescriptions, dentist etc).... 0
    Pet insurance/vet bills................. 0
    Buildings insurance..................... 0
    Contents insurance...................... 0
    Life assurance ......................... 0
    Other insurance......................... 0
    Presents (birthday, christmas etc)...... 20
    Haircuts................................ 10
    Entertainment........................... 0
    Holiday................................. 0
    Emergency fund.......................... 0
    Total monthly expenses.................. 1160

    Assets
    Cash.................................... 0
    House value (Gross)..................... 0
    Shares and bonds........................ 2000
    Car(s).................................. 800
    Other assets............................ 0
    Total Assets............................ 2800

    No Secured nor Hire Purchase Debts
    Unsecured Debts
    Description....................Debt......Monthly...APR
    Total unsecured debts..........0.........0.........-

    Monthly Budget Summary
    Total monthly income.................... 1,250
    Expenses (including HP & secured debts). 1,160
    Available for debt repayments........... 90
    Monthly UNsecured debt repayments....... 0
    Amount left after debt repayments....... 90
    Personal Balance Sheet Summary
    Total assets (things you own)........... 2,800
    Total HP & Secured debt................. -0
    Total Unsecured debt.................... -0
    Net Assets.............................. 2,800
    Created using the SOA calculator at www.makesenseofcards.com.
    Reproduced on Moneysavingexpert with permission, using IE browser.
  • philnicandamy
    philnicandamy Posts: 15,685 Forumite
    10,000 Posts Combo Breaker
    covlad1980 wrote: »
    2nd soa after br,just so I can see will I have to pay for 3 yrs after an ipo or what ever it called lol


    Statement of A


    ffairs and Personal Balance Sheet
    Monthly Income Details
    Monthly income after tax................ 1250
    Partners monthly income after tax....... 0
    Benefits................................ 0
    Other income............................ 0
    Total monthly income.................... 1250
    Monthly Expense Details
    Mortgage................................ 0
    Secured/HP loan repayments.............. 0
    Rent.................................... 290
    Management charge (leasehold property).. 0
    Council tax............................. 100 this is what im told by someome who lives where me and gf want to live ,when we move in together,but only guessing at mo
    Electricity............................. 40 could up this a little
    Gas..................................... 60
    Oil..................................... 0
    Water rates............................. 30
    Telephone (land line)................... 0 NO lanline at all?
    Mobile phone............................ 50
    TV Licence.............................. 12
    Satellite/Cable TV...................... 44 NOT allowed would have to come from any surplus
    Internet Services....................... 14 NOT usually allowed unless for work/school
    Groceries etc. ......................... 200
    Clothing................................ 10
    Petrol/diesel........................... 160
    Road tax................................ 10
    Car Insurance........................... 60 so high? the OR will ask for proof
    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...................... 0You NEED this preferably with accidental damage cover
    Life assurance ......................... 0
    Other insurance......................... 0
    Presents (birthday, christmas etc)...... 20 NOT usually allowed but leave & see
    Haircuts................................ 10
    Entertainment........................... 0
    Holiday................................. 0
    Emergency fund.......................... 0
    Total monthly expenses.................. 1160

    Assets
    Cash.................................... 0
    House value (Gross)..................... 0
    Shares and bonds........................ 2000 The OR will seize these & sell to raise cash
    Car(s).................................. 800 does this belong to you? the OR "could" take interest
    Other assets............................ 0
    Total Assets............................ 2800

    No Secured nor Hire Purchase Debts
    Unsecured Debts
    Description....................Debt......Monthly...APR
    Total unsecured debts..........0.........0.........-

    Monthly Budget Summary
    Total monthly income.................... 1,250
    Expenses (including HP & secured debts). 1,160
    Available for debt repayments........... 90
    Monthly UNsecured debt repayments....... 0
    Amount left after debt repayments....... 90
    Personal Balance Sheet Summary
    Total assets (things you own)........... 2,800
    Total HP & Secured debt................. -0
    Total Unsecured debt.................... -0
    Net Assets.............................. 2,800
    Created using the SOA calculator at www.makesenseofcards.com.
    Reproduced on Moneysavingexpert with permission, using IE browser.


    Just a few thoughts...more will be along later :D
    We all die. The goal isn't to live forever, the goal is to create something that will
  • covlad1980
    covlad1980 Posts: 57 Forumite
    the car insurance will be coming down as have group 14 car at mo,and yes teh car is mine.In terms of shares shall I stop paying in and reatart in few yrs.Also some of those shares are free shares.
    will they be included
    How much shall i increase electric,and how much will a landline cost and how much is contents insurance.The internet is more pleasure I guess only a bit of work is required for it doubt i could justify it.

    Also this one is after br,so wuld I have 2 soa for the or
  • peachyprice
    peachyprice Posts: 22,346 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    You'll need to show a contribution from your girlfriend on your SoA too, the OR will not accept you paying all the household bills with her not paying her fair share.
    Accept your past without regret, handle your present with confidence and face your future without fear
  • covlad1980
    covlad1980 Posts: 57 Forumite
    ok faire enough ,so will I have to put together 2 soa thens one fro pre and after br
  • peachyprice
    peachyprice Posts: 22,346 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    You need on for your BR forms for as things are they day you go BR.

    You will then have to do another one when you move in with your gf if you haven't jmoved in together by the time you go BR.
    Accept your past without regret, handle your present with confidence and face your future without fear
  • covlad1980
    covlad1980 Posts: 57 Forumite
    Ok do you guys think br is best option for me starting get confused ,I spoke toi debt line going to see citizen advice next week.
    Guess im just worried,wanna make sure doing right thing
  • mustbedebtfree
    mustbedebtfree Posts: 427 Forumite
    covlad1980 wrote: »
    Ok do you guys think br is best option for me starting get confused ,I spoke toi debt line going to see citizen advice next week.
    Guess im just worried,wanna make sure doing right thing

    Wait until you have spoke to CAB before you make a definite decision.

    What did NDL say?

    MBDF
    In for a penny in for a pound :j
  • covlad1980
    covlad1980 Posts: 57 Forumite
    The said my options are dmp iva or bankruptcy,said it was down to me to have a think look through pack they sent to me.

    He would not say what he thought ,but said iva and dmp would not be much use .
  • covlad1980
    covlad1980 Posts: 57 Forumite
    anyone else got any input
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354.4K Banking & Borrowing
  • 254.4K Reduce Debt & Boost Income
  • 455.4K Spending & Discounts
  • 247.3K Work, Benefits & Business
  • 604.1K Mortgages, Homes & Bills
  • 178.4K Life & Family
  • 261.6K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture