Help, can I get a Debt Releif order with this SOA??

gizmochic

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 0
Number of cars owned.................... 0
Monthly Income Details
Monthly income after tax................ 1100
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1100
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 390
Management charge (leasehold property).. 0
Council tax............................. 60
Electricity............................. 30
Gas..................................... 30
Oil..................................... 0
Water rates............................. 20
Telephone (land line)................... 0
Mobile phone............................ 40
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 15
Groceries etc. ......................... 260
Clothing................................ 20
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 60
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 25
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 10
Haircuts................................ 10
Entertainment........................... 20
Holiday................................. 0
Emergency fund.......................... 50
Total monthly expenses.................. 1052

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

No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
credit card....................600.......0.........0
loan...........................1500......0.........0
overdrafts.....................1000......0.........0
argos store card hous..........700.......0.........0
partner personal loan..........2000......0.........0
catalouge......................200.......0.........0
store card.....................300.......0.........0
phone bills....................2000......0.........0
Total unsecured debts..........8300......0.........-

Monthly Budget Summary
Total monthly income.................... 1,100
Expenses (including HP & secured debts). 1,052
Available for debt repayments........... 48
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 48
Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -8,300
Net Assets.............................. -8,300

serenity34_2

You list 2 adults with only one income - is this based on just your income and your SHARE of the outgoings or are you paying everything? If there is another adult in the household they will usually be expected to contribute.

Godiva500

I have changed a few things - hope this helps. You need to add normal living expenses, like papers, dry cleaning, bus fares etc etc.
Does your partner contribute anything? Are these joint debts?

Hope this helps.

gizmochic wrote: »

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 0
Number of cars owned.................... 0
Monthly Income Details
Monthly income after tax................ 1100
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1100
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 390
Management charge (leasehold property).. 0
Council tax............................. 60
Electricity............................. 30 seems low?
Gas..................................... 30 seems low?
Oil..................................... 0
Water rates............................. 20
Telephone (land line)................... 0 £40 landline not mobile
Mobile phone............................ 0
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services.......................0
Groceries etc. ......................... 300
Clothing................................ 40
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 60
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 25
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0 you need this £15
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0 not allowed
Haircuts................................ 10 2 people £20
Entertainment........................... 0 not allowed
Holiday................................. 20 Try £20
Emergency fund.......................... 0 not allowed
Papers £5.00
Total monthly expenses.................. 1057



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

No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
credit card....................600.......0.........0
loan...........................1500......0.........0
overdrafts.....................1000......0.........0
argos store card hous..........700.......0.........0
partner personal loan..........2000......0.........0
catalouge......................200.......0.........0
store card.....................300.......0.........0
phone bills....................2000......0.........0
Total unsecured debts..........8300......0.........-

Monthly Budget Summary
Total monthly income.................... 1,100
Expenses (including HP & secured debts). 1,052
Available for debt repayments........... 43
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 43
Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -8,300
Net Assets.............................. -8,300

gizmochic

Hey guys thanks for your replies, I share a house with a friend, so all bills I have put are my half, do I need to put down two people or do I just change to one?

Bethankim

Hiya,

if you live in a house share, your figures look high. have you taken professional advice?
Im not brill on figures, but to go for a DRO owing less than 10K might not be your best option. but you do need to take advice from cccs, national debt line or CAB.

Originally Posted by gizmochic
Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 0
Number of cars owned.................... 0
Monthly Income Details
Monthly income after tax................ 1100
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1100
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 390 thats nearly 800 a month - do you live in a very expensive area?
Management charge (leasehold property).. 0
Council tax............................. 60
Electricity............................. 30 seems low?
Gas..................................... 30 seems low?
Oil..................................... 0
Water rates............................. 20
Telephone (land line)................... 0 £40 can you drop a tarrif could get it to £20landline not mobile
Mobile phone............................ 0
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services.......................0
Groceries etc. ......................... 300 are really high for 1 person - you could halve this easily
Clothing................................ 40
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 60
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 25
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0 you need this £15
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0 not allowed
Haircuts................................ 10 2 people £20
Entertainment........................... 0 not allowed
Holiday................................. 20 Try £20
Emergency fund.......................... 0 not allowed
Papers £5.00
Total monthly expenses.................. 1057



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

No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly.. .APR
credit card....................600.......0.........0
loan...........................1500......0........ .0
overdrafts.....................1000......0........ .0
argos store card hous..........700.......0.........0
partner personal loan..........2000......0.........0
catalouge......................200.......0........ .0
store card.....................300.......0.........0
phone bills....................2000......0.........0
Total unsecured debts..........8300......0.........-

Monthly Budget Summary
Total monthly income.................... 1,100
Expenses (including HP & secured debts). 1,052
Available for debt repayments........... 43
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 43
Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -8,300
Net Assets.............................. -8,300


I added those things with looking at whether you have thought about cutting back rather than a dro?

the ramifications of the DRO are that like bankruptcy and IVA wll have a big impact on your future credit like getting a mortgage, car finance etc etc. just want to make sure you have taken advice first

SouthCoast

Your approved intermediary may feel that they want evidence to support some of the expenditure figures quoted.

What is this?

partner personal loan..........2000......0.........0