SOA - how much will be double checked?

YamahaR6

I've noticed that a lot of people are having amendments done to their SOA to increase certain amounts for some things and decrease amounts on others.

If for example someone has put £20 for landline and £20 for mobile, some have said combine the two and increase to £60 because this is what you're allowed. How deep will the OR go into checking that this is what you ACTUALLY spend? Surely if you put down £60 and he goes through your phonebills etc he's going to see that you don't actually spend that much and therefore you're just going to get yourself in hot water? Or am I worrying about nothing

mustbedebtfree

I'd also be keen to know the answer to this one....

Flowerpot_2

YamahaR6 wrote: »

I've noticed that a lot of people are having amendments done to their SOA to increase certain amounts for some things and decrease amounts on others.

If for example someone has put £20 for landline and £20 for mobile, some have said combine the two and increase to £60 because this is what you're allowed. How deep will the OR go into checking that this is what you ACTUALLY spend? Surely if you put down and he goes through your phonebills etc he's going to see that you don't actually spend that much and therefore you're just going to get yourself in hot water? Or am I worrying about nothing

I did 'combine' my expenses (landline+mbl+ISP) which amounted to £60 monthly & my OR questioned this as "rather high" :eek:
Still waiting for further info from OR........waiting, waiting
FP x

Bethankim

On the whole its taken on trust as long as you stick within the agreed limits eg no more than £50 - 60 for a combined phone bill. The OR is unlikely to go into too much detail.

Its more the figure you have coming in as salary or benefits - if you had £2k a month coming in as income and reasonable expenditure was £1500 and you were claiming to be spending out £1950 then the OR may say hang on a minute matey no go and look at your figures much more closely

If your income roughly tallies with reasonable outgoings then its generally accpeted

YamahaR6

Thanks for this! I think what I'll do then is one last SOA on here for final comments before booking my court date!

Also the Nottingham Law Centre apparently will go through all paperwork for free and check everything is correct and likely to be accepted before you go to the court. So that's worth taking advantage of too

philnicandamy

You'll find as well court clerks on the day of bankruptcy (regardless of area) will go through the forms with you for free as well & correct any problems

A final SOA is a good idea then we can help you tweak any last minute bits you may have forgotten about

Good luck!

kutiez2005

Where can you find out what is likely to be reasonable expenditure? I'm supporting a family of 2 adults + 2 toddlers + a baby so not sure what would be perceived as a reasonable limit? I've prepared my SOA and don't think I could cut it down by much but I want to make sure it fits with what is expected.

debtinfo

This is the spreadsheet the examiners use although a slightly out of date one, add about 5% to the figures

http://www.insolvency.gov.uk/DocumentLibrary/Policy/Excel/Household%20Expenditur.xls

fiveyearplan

Bethankim wrote: »

Its more the figure you have coming in as salary or benefits - if you had £2k a month coming in as income and reasonable expenditure was £1500 and you were claiming to be spending out £1950 then the OR may say hang on a minute matey no go and look at your figures much more closely

If your income roughly tallies with reasonable outgoings then its generally accpeted

Not necessarily - mine didn't tally or even come close. I had a huge deficit and it wasn't even questioned.

Rob57

This is the spreadsheet the examiners use although a slightly out of date one, add about 5% to the figures


I'm unable to open the supplied link, any ideas please

Thanks

PixiePie

fiveyearplan wrote: »

Not necessarily - mine didn't tally or even come close. I had a huge deficit and it wasn't even questioned.

Same here - well it was questioned by the initial interview I had at the OR's office, and when I burst into tears and said I know it's a lot less the girl just told me not to worry. When I had my telephone interview I mentioned that I knew it was less before the OR could mention it and that my partner was taking steps to increase his income (as that was why our overall income was so low). Wasn't a problem at all.