Some help needed SOA and how to apply for BR

Kimberley7979_2

I am doing this for OH and as far as I know its all correct....Kind of confused as to end part of this SOA but sure all you guys will be able to work it out?

Mortgage is 450 a month house is worth around 74 (Nov last year) we are 3,00 in arreas and have a 10,000 loan on top of mortgage which is 110% with Northern Rock we have called them this week and they said we can volentry give the house up but they are in process of repossesing at the minute....We are not bothered what they do with the house as we have moved in with my parents anyway

Also we actually cant afford the cost of going bankrupt atm but should be able to in a few weeks do we call the courts and ask them to send out the forms? We cant print anything out

All this debt is in OH name not mine and I really need to get it all sorted as I have a 1 month old baby and a OH thats so depressed he tried to top himself last week as its all getting on top of him so is now on Prozac as a result its all a bit of a nightmare right now tbh so any in put would be cool as I need all the help I can get right now

Sorry for spelling mistakes and calculation mistakes in advance very tired!

Thank you!

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 1
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1,200
Partners monthly income after tax....... 0 (I am self employed and on Maternity right now)
Benefits................................ 0 (Child allowance is £20 do i include this?)
Other income............................ 0
Total monthly income.................... 1300
Monthly Expense Details
Mortgage................................ 450
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 75
Electricity............................. 50
Gas..................................... 50
Oil..................................... 0
Water rates............................. 25
Telephone (land line)................... 20
Mobile phone............................ 30
TV Licence.............................. 15
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 170
Clothing................................ 30
Petrol/diesel........................... 80
Road tax................................ 10
Car Insurance........................... 50
Car maintenance (including MOT)......... 30
Car parking............................. 5
Other travel............................ 10
Childcare/nursery....................... 0
Other child related expenses............ 210 (OH has son from prev rship and pays 160 a month to ex also included in this is money for our nappys etc)
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 12
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 30
Haircuts................................ 8
Entertainment........................... 10
Holiday................................. 0
Emergency fund.......................... 30
Total monthly expenses.................. 1385
Assets
Cash.................................... 0
House value (Gross)..................... 78,000
Shares and bonds........................ 0
Car(s).................................. 1,200
Other assets............................ 0
Total Assets............................ 0
Secured & HP Debts
Description....................Debt......Monthly.. .APR
Mortgage...................... 86,000........450........0
Secured Debt.................. 0.....0......0
Hire Purchase (HP) debt ...... 0....(0)......0
Total secured & HP debts...... 0.....-.........-
Unsecured Debts
Description....................Debt......Monthly.. .APR
Loans - AA, TSB....................8,000........£200
Total unsecured debts........................-8,000
Monthly Budget Summary
Total monthly income.................... 1,200
Expenses (including HP & secured debts). 1,585
Available for debt repayments........... 0
Monthly UNsecured debt repayments....... 200
Amount left after debt repayments....... 0
Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. 0
Total Unsecured debt....................
Net Assets..............................

tigerfeet2006

Kimberley7979 wrote: »

I am doing this for OH and as far as I know its all correct....Kind of confused as to end part of this SOA but sure all you guys will be able to work it out?

Mortgage is 450 a month house is worth around 74 (Nov last year) we are 3,00 in arreas and have a 10,000 loan on top of mortgage which is 110% with Northern Rock we have called them this week and they said we can volentry give the house up but they are in process of repossesing at the minute....We are not bothered what they do with the house as we have moved in with my parents anyway

Also we actually cant afford the cost of going bankrupt atm but should be able to in a few weeks do we call the courts and ask them to send out the forms? We cant print anything out

All this debt is in OH name not mine and I really need to get it all sorted as I have a 1 month old baby and a OH thats so depressed he tried to top himself last week as its all getting on top of him so is now on Prozac as a result its all a bit of a nightmare right now tbh so any in put would be cool as I need all the help I can get right now

Sorry for spelling mistakes and calculation mistakes in advance very tired!

((hugs)) my sweet. I would ring the court and get an appointment for when you have the money together, they will send you a BR form to fill in. Make sure you read the first post of the Bankruptcy Help sticky as there is a lot of info there.

Thank you!

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 1
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1,200
Partners monthly income after tax....... 0 (I am self employed and on Maternity right now)
Benefits................................ 0 (Child allowance is £20 do i include this?) Who's name is it in? Surely it is more than £20 a month?
Other income............................ 0
Total monthly income.................... 1300
Monthly Expense Details
Mortgage................................ 450 As you are giving the house back you should not pay this. Put some under rent to your parents.
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 75 Is this what you are paying on your old house or to your parents?
Electricity............................. 50 ditto
Gas..................................... 50ditto
Oil..................................... 0
Water rates............................. 25ditto
Telephone (land line)................... 20ditto
Mobile phone............................ 30
TV Licence.............................. 15 £13 ditto
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 170 £400
Clothing................................ 30 £50
Petrol/diesel........................... 80
Road tax................................ 10
Car Insurance........................... 50
Car maintenance (including MOT)......... 30
Car parking............................. 5
Other travel............................ 10 what is this?
Childcare/nursery....................... 0
Other child related expenses............ 210 (OH has son from prev rship and pays 160 a month to ex also included in this is money for our nappys etc) seperate this out £160 maintenance. Nappies to come from groceries, what else are you accounting for?
Medical (prescriptions, dentist etc).... 0 £20
Pet insurance/vet bills................. 0
Buildings insurance..................... 12
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 30 most OR's will not allow.
Haircuts................................ 8 £10
Entertainment........................... 10 Not allowed
Holiday................................. 0 £50
Emergency fund.......................... 30 most OR's will not allow
Total monthly expenses.................. 1385
Assets
Cash.................................... 0
House value (Gross)..................... 78,000
Shares and bonds........................ 0
Car(s).................................. 1,200
Other assets............................ 0
Total Assets............................ 0
Secured & HP Debts
Description....................Debt......Monthly.. .APR
Mortgage...................... 86,000........450........0
Secured Debt.................. 0.....0......0
Hire Purchase (HP) debt ...... 0....(0)......0
Total secured & HP debts...... 0.....-.........-
Unsecured Debts
Description....................Debt......Monthly.. .APR
Loans - AA, TSB....................8,000........£200
Total unsecured debts........................-8,000
Monthly Budget Summary
Total monthly income.................... 1,200
Expenses (including HP & secured debts). 1,585
Available for debt repayments........... 0
Monthly UNsecured debt repayments....... 200
Amount left after debt repayments....... 0
Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. 0
Total Unsecured debt....................
Net Assets..............................

If you are not paying the mortgage and your parents will forgo the rent for a month or so you will have the BR fee quite quickly. Are the other utilities for your old house? If so you won't be paying that amount. You will have to work out whether your parents charge a rent including bills or rent plus a contribution to bills.

Have you been in touch with Tax credits to see if you are entitled to anything? Also check out www.entitledto.co.uk

peachyprice

Hi Kimberley,

You can fill the forms in online here https://www.insolvencydirect.gov.uk/isolv/

You can do it a bit at a time and it will be saved for you.

It's your local County Court you need to ring, give them a call today incase it's a long wait, some courts are 6 weeks at the moment.

HTH