SOA advice?

hd143

Hello

I'm due to go to court for bankruptcy on the 6th of November and am terrified. The CAB have agreed to look over my forms but I wondered if anyone could give me some advice on my income/outgoings? I'm worried i've under/over estimated, or forgotten something?

I know it makes no difference in the eyes of the court but I'm only in this mess as my ex left me for another woman and as a result our home was repossessed.

Any advice would be appreciated,
HRD


Monthly Income Details[/b]
Monthly income after tax................ 1500
Partners monthly income after tax....... 0
Benefits................................ 120
Other income............................ 0
Total monthly income.................... 1620
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 500
Management charge (leasehold property).. 0
Council tax............................. 75
Electricity............................. 45
Gas..................................... 0
Oil..................................... 0
Water rates............................. 33.6
Telephone (land line)................... 25.5
Mobile phone............................ 25
TV Licence.............................. 11.95
Satellite/Cable TV...................... 0
Internet Services....................... 27.5
Groceries etc. ......................... 150
Clothing................................ 50
Petrol/diesel........................... 100
Road tax................................ 15
Car Insurance........................... 35
Car maintenance (including MOT)......... 50
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 10
Medical (prescriptions, dentist etc).... 15
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 8
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 80
Haircuts................................ 10
Entertainment........................... 100
Holiday................................. 40
Emergency fund.......................... 20
Total monthly expenses.................. 1426.55

sausageface

hd143 wrote: »

Hello

I'm due to go to court for bankruptcy on the 6th of November and am terrified. The CAB have agreed to look over my forms but I wondered if anyone could give me some advice on my income/outgoings? I'm worried i've under/over estimated, or forgotten something?

I know it makes no difference in the eyes of the court but I'm only in this mess as my ex left me for another woman and as a result our home was repossessed.

Any advice would be appreciated,
HRD


Monthly Income Details[/b]
Monthly income after tax................ 1500
Partners monthly income after tax....... 0
Benefits................................ 120
Other income............................ 0
Total monthly income.................... 1620
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 500
Management charge (leasehold property).. 0
Council tax............................. 75
Electricity............................. 45 if no gas is it really this low?
Gas..................................... 0 no gas?
Oil..................................... 0
Water rates............................. 33.6
Telephone (land line)................... 25.5 put both phones together as £55/60
Mobile phone............................ 25
TV Licence.............................. 11.95
Satellite/Cable TV...................... 0
Internet Services....................... 27.5 only usually allowed for work/study - may be too much if allowed also
Groceries etc. ......................... 150 how many of you in your household? really low amount
Clothing................................ 50 could be more depending on your household size
Petrol/diesel........................... 100
Road tax................................ 15
Car Insurance........................... 35
Car maintenance (including MOT)......... 50 quite steep, usually around £30 I think
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 10
Medical (prescriptions, dentist etc).... 15
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 8 Do you have accidental damage with this?
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 80 Usually not allowed
Haircuts................................ 10 £10 for each adult, £5 per child
Entertainment........................... 100 not allowed
Holiday................................. 40 Could be upped, I had £80 for 3 kids, 2 adults
Emergency fund.......................... 20 Usually not allowed
Total monthly expenses.................. 1426.55

You have put child expenses on there, how many children do you have? This will affect your SOA allowances.

SF

xx

philnicandamy

hd143 wrote: »

Hello

I'm due to go to court for bankruptcy on the 6th of November and am terrified. The CAB have agreed to look over my forms but I wondered if anyone could give me some advice on my income/outgoings? I'm worried i've under/over estimated, or forgotten something?

I know it makes no difference in the eyes of the court but I'm only in this mess as my ex left me for another woman and as a result our home was repossessed.

Any advice would be appreciated,
HRD


Monthly Income Details[/b]
Monthly income after tax................ 1500
Partners monthly income after tax....... 0
Benefits................................ 120
Other income............................ 0
Total monthly income.................... 1620
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 500
Management charge (leasehold property).. 0
Council tax............................. 75
Electricity............................. 45 very low....
Gas..................................... 0 no gas heating?
Oil..................................... 0
Water rates............................. 33.6
Telephone (land line)................... 25.5
Mobile phone............................ 25
TV Licence.............................. 11.95 £12
Satellite/Cable TV...................... 0
Internet Services....................... 27.5 NOT allowed unless for work/studywould have to come from any surplus if not..
Groceries etc. ......................... 150
Clothing................................ 50
Petrol/diesel........................... 100
Road tax................................ 15
Car Insurance........................... 35
Car maintenance (including MOT)......... 50
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 10 whats this?
Medical (prescriptions, dentist etc).... 15
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 8 accidental damage cover as well?
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 80 not a chance...sorry
Haircuts................................ 10
Entertainment........................... 100 NOT a chance you'd have to have a drunk/drugged examiner to pass this...sorry.....your not allowed any form of entertainment once bankrupt :rolleyes:
Holiday................................. 40
Emergency fund.......................... 20 not allowed
Total monthly expenses.................. 1426.55

I agree with sausage face......how many children in the house? you also list expenses for a car how much is this worth & is it paid for by you?

hd143

Thank you for the replies.
I am a single Mum with one teenage son.
My car is paid for and is worth approx £1400, although to be honest that's probably being over optimistic.

HRD

hd143

The £45 for elec also includes gas. I know it's low, and I've just come to the end of a fixed deal so expecting it to go up. But as I don't know yet how much it will increase by I can only put down my current payment surely?

Would I be able to keep the internet as my son uses it for school work? His school often expect homework to be submitted by email,then there's research for him to do, work to type, etc.

Child related expenses are Duke of Edinburgh and activities offered by school that have costs attached. Would this be allowed?

I don't have accidental damage cover on contents insurance.

Thanks again

philnicandamy

hd143 wrote: »

The £45 for elec also includes gas. I know it's low, and I've just come to the end of a fixed deal so expecting it to go up. But as I don't know yet how much it will increase by I can only put down my current payment surely? you'll need to list each seperate and increase the ammounts to allow for winter bills..

Would I be able to keep the internet as my son uses it for school work? His school often expect homework to be submitted by email,then there's research for him to do, work to type, etc. for school yes....BUT the receiver could query the ammount you listed

Child related expenses are Duke of Edinburgh and activities offered by school that have costs attached. Would this be allowed?

I don't have accidental damage cover on contents insurance. you will need to get a quote for it then asap...difficult to replace things should you have an accident once bankrupt as you've no access to credit

Thanks again

Just a few thoughts

sausageface

Well you could increase your groceries to around £400, make your child expenses £20, the internet could be argued for study though I don't know if they will allow the amount you have. Do you wear suits for work which need dry cleaning? What is your amount for electric/gas, £45 does seem really low? Clothes could be £80. Does your son have school dinners? Do you not have to pay car parking? Do you need travel money for your son?

Just a few thoughts.

SF

x


Ooops bit late!!!

Darnit_2

Child expences can be £5 per week I believe. Add presciptions, and dental. You should be able to keep internet, but it seems a bit high? I think food is too low, should be more like £300 and school dinners on top, £40. With a bit of persuasion, you may be able to avoid an IPA altogether.



Oops, me too late as well.....

patsypat911

Hello

I'm due to go to court for bankruptcy on the 6th of November and am terrified. The CAB have agreed to look over my forms but I wondered if anyone could give me some advice on my income/outgoings? I'm worried i've under/over estimated, or forgotten something?

I know it makes no difference in the eyes of the court but I'm only in this mess as my ex left me for another woman and as a result our home was repossessed.

Any advice would be appreciated,
HRD


Monthly Income Details[/b]
Monthly income after tax................ 1500
Partners monthly income after tax....... 0
Benefits................................ 120
Other income............................ 0
Total monthly income.................... 1620
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 500
Management charge (leasehold property).. 0
Council tax............................. 75
Electricity............................. 45 Increase to 60
Gas..................................... 0 Also £60
Oil..................................... 0
Water rates............................. 33.6
Telephone (land line)................... 25.5
Mobile phone............................ 25 add this to landline
TV Licence.............................. 11.95 £12
Satellite/Cable TV...................... 0
Internet Services....................... 27.5 May not allow unless essential
Groceries etc. ......................... 150 Increase £300
Clothing................................ 50 - £100
Petrol/diesel........................... 100
Road tax................................ 15
Car Insurance........................... 35
Car maintenance (including MOT)......... 50
Car parking............................. 0 Do you not pay for any parking at all?
Other travel............................ 0 Bus fare for child?
Childcare/nursery....................... 0
Other child related expenses............ 10
Medical (prescriptions, dentist etc).... 15
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 8
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 80 Not allowed
Haircuts................................ 10 £15
Entertainment........................... 100 No allowed
Holiday................................. 40 Increase to £60
Emergency fund.......................... 20Not allowed
Total monthly expenses.................. 1426.55


Do you have breakdown cover for your car? Any dry cleaning?

patsypat911

I also put down in other child related expenses £60 per month school dinner money for my 14 year old and was excepted.

tigerfeet2006

hd143 wrote: »

Hello

I'm due to go to court for bankruptcy on the 6th of November and am terrified. The CAB have agreed to look over my forms but I wondered if anyone could give me some advice on my income/outgoings? I'm worried i've under/over estimated, or forgotten something?

I know it makes no difference in the eyes of the court but I'm only in this mess as my ex left me for another woman and as a result our home was repossessed.

Any advice would be appreciated,
HRD


Monthly Income Details[/b]
Monthly income after tax................ 1500
Partners monthly income after tax....... 0
Benefits................................ 120
Other income............................ 0
Total monthly income.................... 1620
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 500
Management charge (leasehold property).. 0
Council tax............................. 75
Electricity............................. 45 Up both to at least £50 each.
Gas..................................... 0
Oil..................................... 0
Water rates............................. 33.6
Telephone (land line)................... 25.5
Mobile phone............................ 25 put mobile with phone £50
TV Licence.............................. 11.95
Satellite/Cable TV...................... 0
Internet Services....................... 27.5 OR may question how expensive this is.
Groceries etc. ......................... 150 £400
Clothing................................ 50 £80
Petrol/diesel........................... 100
Road tax................................ 15
Car Insurance........................... 35 make sure this is fully comp.
Car maintenance (including MOT)......... 50
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 10 £5 per week activities. £3 per day school dinners
Medical (prescriptions, dentist etc).... 15
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 8 make sure this has accidental damage.
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 80 not generally allowed by most OR's, could try for £20 and see
Haircuts................................ 10 £15
Entertainment........................... 100 Definatly not allowed
Holiday................................. 40 £50
Emergency fund.......................... 20 most OR's won't allow but leave and see.
Total monthly expenses.................. 1426.55

Make sure you get breakdown cover as well. Do you have any professional fee's to pay? Do you wear suits to work? If so add £10 dry cleaning.

Hopefully that has put together every ones suggestions for you. If you play with the figures and put it up again for a check.