My SOA

Donkey_Kong

Hi, we are going bankrupt on Monday and have filled out the form online. I have a couple of queries:

I have a works pension does this need to be declared?

Please can you check my SOA

Household Information[/b]
Number of adults in household........... 2
Number of children in household......... 1
Number of cars owned.................... 2
Monthly Income Details
Monthly income after tax................ 1740
Partners monthly income after tax....... 695
Benefits................................ 120
Other income............................ 0
Total monthly income.................... 2555
Monthly Expense Details
Mortgage................................ 724
Secured/HP loan repayments.............. 470
Rent.................................... 675
Management charge (leasehold property).. 0
Council tax............................. 144
Electricity............................. 60
Gas..................................... 60
Oil..................................... 0
Water rates............................. 57.5
Telephone (land line)................... 40
Mobile phone............................ 60
TV Licence.............................. 14
Satellite/Cable TV...................... 0
Internet Services....................... 12
Groceries etc. ......................... 350
Clothing................................ 100
Petrol/diesel........................... 220
Road tax................................ 25
Car Insurance........................... 60
Car maintenance (including MOT)......... 30
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 300
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 14
Pet insurance/vet bills................. 0
Buildings insurance..................... 20
Contents insurance...................... 15
Life assurance ......................... 36
Other insurance......................... 0
Presents (birthday, christmas etc)...... 20
Haircuts................................ 10
Entertainment........................... 20
Holiday................................. 20
Emergency fund.......................... 20
Total monthly expenses.................. 3576.5

Assets
Cash.................................... 0
House value (Gross)..................... 100000
Shares and bonds........................ 0
Car(s).................................. 4500
Other assets............................ 0
Total Assets............................ 104500

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 96000....(724)......7.9
Secured Debt.................. 47000....(470)......0
Total secured & HP debts...... 143000....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
Credit Card....................665.......14........0
Credit Card....................1900......60........0
Credit Card....................1500......40........0
Total unsecured debts..........4065......114.......-

Monthly Budget Summary
Total monthly income.................... 2,555
Expenses (including HP & secured debts). 3,576.5
Available for debt repayments........... -1,021.5
Monthly UNsecured debt repayments....... 114
Amount short for making debt repayments. -1,135.5
Personal Balance Sheet Summary
Total assets (things you own)........... 104,500
Total HP & Secured debt................. -143,000
Total Unsecured debt.................... -4,065
Net Assets.............................. -42,565

dalip

First offr you have rent and mortgage down. You have to do your income and expenditure as on the day of bc so if you are giving up your house then delete the costs for mortgage to give a true picture of what your exp will be.Dx

philnicandamy

Donkey_Kong wrote: »

Hi, we are going bankrupt on Monday and have filled out the form online. I have a couple of queries:

I have a works pension does this need to be declared? everything needs to be declared...not to say though the OR would take all depends what the pension is

Please can you check my SOA

Household Information[/b]
Number of adults in household........... 2
Number of children in household......... 1
Number of cars owned.................... 2
Monthly Income Details
Monthly income after tax................ 1740
Partners monthly income after tax....... 695
Benefits................................ 120
Other income............................ 0
Total monthly income.................... 2555
Monthly Expense Details
Mortgage................................ 724
Secured/HP loan repayments.............. 470
Rent.................................... 675
Management charge (leasehold property).. 0
Council tax............................. 144
Electricity............................. 60
Gas..................................... 60
Oil..................................... 0
Water rates............................. 57.5 This is high..
Telephone (land line)................... 40
Mobile phone............................ 60
TV Licence.............................. 14
Satellite/Cable TV...................... 0
Internet Services....................... 12 NOT allowed unless for work/educatiion
Groceries etc. ......................... 350
Clothing................................ 100
Petrol/diesel........................... 220
Road tax................................ 25
Car Insurance........................... 60 little high
Car maintenance (including MOT)......... 30
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 300
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 14
Pet insurance/vet bills................. 0
Buildings insurance..................... 20
Contents insurance...................... 15
Life assurance ......................... 36 Receiver "may" take an interest in this
Other insurance......................... 0
Presents (birthday, christmas etc)...... 20 NOT usually allowed but leave & see
Haircuts................................ 10
Entertainment........................... 20 NOT a chance sorry...
Holiday................................. 20
Emergency fund.......................... 20 Usually NOT allowed
Total monthly expenses.................. 3576.5

Assets
Cash.................................... 0
House value (Gross)..................... 100000
Shares and bonds........................ 0
Car(s).................................. 4500 Receiver will be interested in this
Other assets............................ 0
Total Assets............................ 104500

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 96000....(724)......7.9
Secured Debt.................. 47000....(470)......0
Total secured & HP debts...... 143000....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
Credit Card....................665.......14........0
Credit Card....................1900......60........0
Credit Card....................1500......40........0
Total unsecured debts..........4065......114.......-

Monthly Budget Summary
Total monthly income.................... 2,555
Expenses (including HP & secured debts). 3,576.5
Available for debt repayments........... -1,021.5
Monthly UNsecured debt repayments....... 114
Amount short for making debt repayments. -1,135.5
Personal Balance Sheet Summary
Total assets (things you own)........... 104,500
Total HP & Secured debt................. -143,000
Total Unsecured debt.................... -4,065
Net Assets.............................. -42,565

Just a few thoughts