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help with soa

Bohemian_Raspberry
Bohemian_Raspberry Posts: 129 Forumite
in Bankruptcy & living with it
hi i'm new to the board and I need to do our SOA but i'm not sure what to put for the figures about repaying our unsecured debt. we've not actually been paying anything for a good few months now and it also includes a payday loan and 2 mobile phone contracts which were cut off and we now need to pay the remainder of the contact. do i include these and how do i calculate the figures for monthly expenditure? any help would be much appreciated.
:j BSC Supporter 290 :j
Dreading but looking forward to BR date- 27/10/09 @ 9:30am
****No. 1 October 2009 Club***
**Previously known as *br* on MSE**
«1

Comments

  • fiveyearplan
    fiveyearplan Posts: 10,145 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Hi and welcome! Start by filling in this SOA

    http://www.makesenseofcards.com/soacalc.html

    If you are planning for bankruptcy you don't really need to fill in all the debt bit - just the total amounts (not the APR or monthly repayments).

    The mobile phone contracts would go into the BR so don't worry.

    :j :j


  • Desperate+Depressed
    Desperate+Depressed Posts: 177 Forumite
    Morning Fiveyearplan

    I have just clicked on the above link and could do with your advice please......

    I am in receipt of income support, child tax credit and family allowance. So do I just lump all this together and put it in the "Benefits" monthly income?

    Also, I only have to pay my water rates April - October, so would I divide my total bill over 12 months? I pay £24.81 pm April - Oct.
  • peppa-pig
    peppa-pig Posts: 429 Forumite
    hi D+D i would say yes and yes to your questions.

    If you need any further help it may be worth while starting your own topic so it doesnt get lost!!
    Officially BR at 2.10pm on 6th May 2009, ED 7th December 2009

    BSC number 256. Chairperson of The May 2009 Bankruptcy & Debt Relief Order Club!

    It's now time to move on and enjoy life again.
  • Desperate+Depressed
    Desperate+Depressed Posts: 177 Forumite
    Thanks peppa-pig
  • fiveyearplan
    fiveyearplan Posts: 10,145 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    D&D what is your total water bill? That amount seems cheap - mine is nearly £400 per year?

    :j :j


  • Desperate+Depressed
    Desperate+Depressed Posts: 177 Forumite
    Fiveyearplan

    My annual bill is £193.29!

    I have started a new thread.....SOA advice would be helpful. I would be grateful if you could have a quick look at it for me please.

    CCCS sent me an email yesterday giving me a customer ref no. I will be ringing them later!
  • hettiecarro
    hettiecarro Posts: 403 Forumite
    Hi D & D

    Has the decision definately been made to go Bankrupt? If not, you may be better putting your post on the Debt Free Wannabe forum, where there are hundreds of 'experts' dealing with this every day.
    Debt at LBM £60k (July 09) Jan14 £5k Feb14 £4615
    Mar14 £4379 End Mar 14 £4035 :T
    Completely crazy clothes challenge 2014 0/£100
    2014 frugal living challenge
  • Bohemian_Raspberry
    Bohemian_Raspberry Posts: 129 Forumite
    Thank you fiveryearplan, I'm just finishing off my SOA so I'll get it posted up asap. Would it be better to post it on this thread or start a new one?
    :j BSC Supporter 290 :j
    Dreading but looking forward to BR date- 27/10/09 @ 9:30am
    ****No. 1 October 2009 Club***
    **Previously known as *br* on MSE**
  • Desperate+Depressed
    Desperate+Depressed Posts: 177 Forumite
    Hetticarro

    Yes, defo will be applying to go BR
  • fiveyearplan
    fiveyearplan Posts: 10,145 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    *br* wrote: »
    Thank you fiveryearplan, I'm just finishing off my SOA so I'll get it posted up asap. Would it be better to post it on this thread or start a new one?

    Yes, post it on this thread.

    :j :j


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