SOA.....your advice would be helpful!

Desperate+Depressed

Hi Fiveyearplan

When you get a sec, would you please look at my SOA on this link

Many thanks

dalip

Desperate+Depressed wrote: »

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 1
Number of children in household......... 1
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 0
Partners monthly income after tax....... 0
Benefits................................ 576.94£577
Other income............................ 0
Total monthly income.................... 576.94£577
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 0
Electricity............................. 30
Gas..................................... 40
Oil..................................... 0
Water rates............................. 16.1£16 round figure to the nearest £
Telephone (land line)................... 10£30
Mobile phone............................ 39£20
TV Licence.............................. 12
Satellite/Cable TV...................... 17£0
Internet Services....................... 0
Groceries etc. ......................... 238£250
Clothing................................ 20
Petrol/diesel........................... 40
Road tax................................ 15
Car Insurance........................... 16
Car maintenance (including MOT)......... 10
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...................... 4.77£5 a month really?
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 5
Entertainment........................... 20£0 not allowed for bc
Holiday................................. 60£40
Emergency fund.......................... 0
Total monthly expenses.................. 592.87

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 300
Other assets............................ 0
Total Assets............................ 300

No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
HSBC credit card...............2372.09...0.........0
Nationwide.....................1694.1....0.........0
Northern Rock..................14101.5...0.........0
Tesco..........................9718.2....0.........0
Total unsecured debts..........27885.89..0.........-

Monthly Budget Summary
Total monthly income.................... 576.94
Expenses (including HP & secured debts). 592.87
Available for debt repayments........... -15.93
Monthly UNsecured debt repayments....... 0
Amount short for making debt repayments. -15.93
Personal Balance Sheet Summary
Total assets (things you own)........... 300
Total HP & Secured debt................. -0
Total Unsecured debt.................... -27,885.89
Net Assets.............................. -27,585.89
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.

Ok before your figures were in deficit with the changes i have highlighted,you now have aprox £40 surplus:D.Dx

fiveyearplan

I see Dalip has already gone over your SOA. My comments would mostly be the same.

Desperate+Depressed

Thanks both, appreciate all your help.

Should I close my Nationwide a/c today - or just leave a minimum amount in there, say £1 - £5? I will go in and cancel all direct debits though.

With regards to the SOA, is this a form that I take to the court, or is it for when OR gets in touch?

fiveyearplan

If you already have a new account open then you could close the nationwide one. It makes things tidier not to mention £1 is £1, you never know when you might need that. It would go to the OR otherwise.

Desperate+Depressed

Many, many thanks x

I am off up to town now to close my account.........this is the first little step on my road to BR! :T

D+D x

fiveyearplan

That'll save you having to list that account on your BR forms too - and if it had a debit card you won't have to list that now either - if you did your forms by hand you'd be saving a lot of time!

Desperate+Depressed

I've closed my nationwide a/c!!!
You mentioned doing the forms by hand.....do I just print a blank one off from the link you gave me earlier?

I can't remember if you have already answered this question......what do I do with the completed SOA? Do I take it to court when I go?

EnslavedByDebts

Hi DD,

You need to fill in the bankruptcy forms which can be found on the bankruptcy help sticky on the forum front page. This is a long form which you can do online or by printing out and filling in by hand.

The SOA link given earlier is not part of the form it is just used to assist you on this forum. Hope that helps

EBD

Desperate+Depressed

Thanks EBD

I will look take a look now.