Soa

boblardo

Can Someone please check my SOA

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 2
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1788
Partners monthly income after tax....... 0
Benefits................................ 163
Other income............................ 0
Total monthly income.................... 1951
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 408
Management charge (leasehold property).. 0
Council tax............................. 108
Electricity............................. 65
Gas..................................... 65
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 60
Mobile phone............................ 0
TV Licence.............................. 0
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 500
Clothing................................ 150
Petrol/diesel........................... 150
Road tax................................ 10
Car Insurance........................... 45
Car maintenance (including MOT)......... 50
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 50
Medical (prescriptions, dentist etc).... 30
Pet insurance/vet bills................. 20
Buildings insurance..................... 0
Contents insurance...................... 15
Life assurance ......................... 32
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 30
Entertainment........................... 0
Holiday................................. 80
Emergency fund.......................... 0
Total monthly expenses.................. 1868

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 500
Other assets............................ 0
Total Assets............................ 500

No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
Northern Rock..................22000.....100.......0
HSBC...........................39000.....66........0
Vanquis........................250.......5.........0
Quick Quid.....................300.......5.........0
Wonga..........................1000......5.........0
Next...........................250.......5.........0
Total unsecured debts..........62800.....186.......-

Monthly Budget Summary
Total monthly income.................... 1,951
Expenses (including HP & secured debts). 1,868
Available for debt repayments........... 83
Monthly UNsecured debt repayments....... 186
Amount short for making debt repayments. -103
Personal Balance Sheet Summary
Total assets (things you own)........... 500
Total HP & Secured debt................. -0
Total Unsecured debt.................... -62,800
Net Assets.............................. -62,300
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.

Also, we need to do one for the wife as she is going BR too. Should it be identical to mine or the opposite to what I have. we have some debts that are solely in her name and solely in my name so assume these go on the relevant form

Trom

Bumping and, why £0 water rates?

PNPSUKNET

£500 for shopping & £150 for clothing per month is a bit much, also £80 a month hol.

philnicandamy

PNPSUKNET wrote: »

£500 for shopping & £150 for clothing per month is a bit much, also £80 a month hol.

may seem high but this is a bankruptcy SOA so some of the mentioned figures are usually allowed..that and the fact once bankrupt NO access to any form of credit for over 6yrs

JCS1

boblardo wrote: »

Can Someone please check my SOA

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 2
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1788
Partners monthly income after tax....... 0
Benefits................................ 163
Other income............................ 0
Total monthly income.................... 1951
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 408
Management charge (leasehold property).. 0
Council tax............................. 108
Electricity............................. 65
Gas..................................... 65
Oil..................................... 0
Water rates............................. 0 Assume Northern Ireland as no water rates?
Telephone (land line)................... 60
Mobile phone............................ 0
TV Licence.............................. 0 £12 per month
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 500 Could increase slightly
Clothing................................ 150 May be ok, one single person is ok for £50
Petrol/diesel........................... 150 Might need to start keeping receipts to prove
Road tax................................ 10
Car Insurance........................... 45
Car maintenance (including MOT)......... 50
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 50 What is this for? One child activity per week so might be ok
Medical (prescriptions, dentist etc).... 30
Pet insurance/vet bills................. 20
Buildings insurance..................... 0
Contents insurance...................... 15
Life assurance ......................... 32 OR will have an interest in this
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 30
Entertainment........................... 0
Holiday................................. 80
Emergency fund.......................... 0
Total monthly expenses.................. 1868

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 500
Other assets............................ 0
Total Assets............................ 500

No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
Northern Rock..................22000.....100.......0
HSBC...........................39000.....66........0
Vanquis........................250.......5.........0
Quick Quid.....................300.......5.........0
Wonga..........................1000......5.........0
Next...........................250.......5.........0
Total unsecured debts..........62800.....186.......-

Monthly Budget Summary
Total monthly income.................... 1,951
Expenses (including HP & secured debts). 1,868
Available for debt repayments........... 83
Monthly UNsecured debt repayments....... 186
Amount short for making debt repayments. -103
Personal Balance Sheet Summary
Total assets (things you own)........... 500
Total HP & Secured debt................. -0
Total Unsecured debt.................... -62,800
Net Assets.............................. -62,300
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.

Also, we need to do one for the wife as she is going BR too. Should it be identical to mine or the opposite to what I have. we have some debts that are solely in her name and solely in my name so assume these go on the relevant form

Looks ok, some tweaks you might consider though.

tigerfeet2006

boblardo wrote: »

Can Someone please check my SOA

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 2
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1788
Partners monthly income after tax....... 0 does your OH have any income?
Benefits................................ 163
Other income............................ 0
Total monthly income.................... 1951
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 408
Management charge (leasehold property).. 0
Council tax............................. 108
Electricity............................. 65
Gas..................................... 65
Oil..................................... 0
Water rates............................. 0is this inc. in rent?
Telephone (land line)................... 60
Mobile phone............................ 0
TV Licence.............................. 0 £12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 500 we have been seeing £600 accepted by a lot of OR's may be worth putting that as nothing ventured nothing gained
Clothing................................ 150
Petrol/diesel........................... 150
Road tax................................ 10
Car Insurance........................... 45 make sure this is fully comp
Car maintenance (including MOT)......... 50 leave but may be cut a bit.
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 50 £5 per child activities. School dinners £2 per day primary £3 seconadary school
Medical (prescriptions, dentist etc).... 30
Pet insurance/vet bills................. 20
Buildings insurance..................... 0
Contents insurance...................... 15 make sure this includes accidental damage.
Life assurance ......................... 32 the OR may have an interest in this.
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 30
Entertainment........................... 0
Holiday................................. 80
Emergency fund.......................... 0
Total monthly expenses.................. 1868

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 500
Other assets............................ 0
Total Assets............................ 500

No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
Northern Rock..................22000.....100.......0
HSBC...........................39000.....66........0
Vanquis........................250.......5.........0
Quick Quid.....................300.......5.........0
Wonga..........................1000......5.........0
Next...........................250.......5.........0
Total unsecured debts..........62800.....186.......-

Monthly Budget Summary
Total monthly income.................... 1,951
Expenses (including HP & secured debts). 1,868
Available for debt repayments........... 83
Monthly UNsecured debt repayments....... 186
Amount short for making debt repayments. -103
Personal Balance Sheet Summary
Total assets (things you own)........... 500
Total HP & Secured debt................. -0
Total Unsecured debt.................... -62,800
Net Assets.............................. -62,300
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.

Also, we need to do one for the wife as she is going BR too Does she work?. Should it be identical to mine or the opposite to what I have. we have some debts that are solely in her name and solely in my name so assume these go on the relevant form

Get yourself some breakdown cover £10. Do you wear suits to work? If so add dry cleaning £10. Do you pay union/ professional fees?

Have a play with the figures and then post the new SoA.

boblardo

OH doesn't work as our children are 2 and 4. one is at school and one is due to start nursery early next year.

Water rates included in Rent, suits are only required when meeting customers otherwise standard business wear it is.

Added breakdown cover, also would it worthwhile cancelling the Life insurance for now and then starting it back up once we have gone BR

Here is the revised SOA

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 2
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1788
Partners monthly income after tax....... 0
Benefits................................ 163
Other income............................ 0
Total monthly income.................... 1951
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 408
Management charge (leasehold property).. 0
Council tax............................. 108
Electricity............................. 65
Gas..................................... 65
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 60
Mobile phone............................ 0
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 600
Clothing................................ 150
Petrol/diesel........................... 150
Road tax................................ 10
Car Insurance........................... 45
Car maintenance (including MOT)......... 50
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 50
Pet insurance/vet bills................. 20
Buildings insurance..................... 0
Contents insurance...................... 15
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 30
Entertainment........................... 0
Holiday................................. 80
Emergency fund.......................... 0
Total monthly expenses.................. 1918

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 500
Other assets............................ 0
Total Assets............................ 500

No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
Northen Rock...................22000.....66........0
HSBC...........................39000.....100.......0
Vanquis........................250.......5.........0
Next...........................250.......5.........0
QuickQuid......................300.......5.........0
Wonga..........................1100......5.........0
Total unsecured debts..........62900.....186.......-

Monthly Budget Summary
Total monthly income.................... 1,951
Expenses (including HP & secured debts). 1,918
Available for debt repayments........... 33
Monthly UNsecured debt repayments....... 186
Amount short for making debt repayments. -153
Personal Balance Sheet Summary
Total assets (things you own)........... 500
Total HP & Secured debt................. -0
Total Unsecured debt.................... -62,900
Net Assets.............................. -62,400
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.

Also the OH has a couple of creditors Wonga and 3 mobile, i assume i add these onto her SOA

boblardo

Forgot to add, the £45 car insurance also includes break down cover

MicheH

PNPSUKNET wrote: »

£500 for shopping & £150 for clothing per month is a bit much, also £80 a month hol.

I didn't have anything down for a holiday but when the examiner went through my SOA with me she said that I was to put £80 for holidays. Bankruptcy is there to help people breathe. Every single professional through bankruptcy treat you with respect and understanding. They know that this 'totting up' of figures is to be done fairly so that a bankrupt never has to rely on credit especially as gaining credit is not an option.

nervousmother

We cancelled our life insurance and started it again after BR, we had it on our SOA and it was allowed, after BR we cancelled that policy and started another one that the trustee had no interest in.
oops: edit.. i tried to cancle it but they would not let me as the trustee had a interest in it, i stopped paying it and am still getting letters telling me im behind with my premium... the last letter i received friday gone, also included a copy of my BR in it with our trustee stamped on it!! cant see why they sent it me and still asked for payment im just hoping they will get fed up of asking soon...

boblardo

Thanks all so far for the advice,

Going to bump so the experts can give it the once over