Soa

Comet91

My husband has got his EDREV form through and i just wanted to get some opinions on his SOA. We didn't have one approved when we went bankrupt as neither of us was working at the time and the OR said it wouldn't have even been worth looking at it at the time!

Thanks!

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.................... 0
Monthly Income Details
Monthly income after tax................ 768
Partners monthly income after tax....... 0
Benefits................................ 662 (Child and Working tax credits)
Other income............................ 143 (Child benefit)
Total monthly income.................... 1573
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 550
Management charge (leasehold property).. 0
Council tax............................. 103
Electricity............................. 45
Gas..................................... 40
Oil..................................... 0
Water rates............................. 42
Telephone (land line)................... 50
Mobile phone............................ 0
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 500
Clothing................................ 110
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 65 (Train pass to work)
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 15
Buildings insurance..................... 0
Contents insurance...................... 18
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 26
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1576

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
Total unsecured debts..........0.........0.........-

Monthly Budget Summary
Total monthly income.................... 1,573
Expenses (including HP & secured debts). 1,576
Available for debt repayments........... -3
Monthly UNsecured debt repayments....... 0
Amount short for making debt repayments. -3
Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -0
Net Assets.............................. 0
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.

dalip

Looks fine to me. Lets hope others comment so you get more reassurance. Good luck with the EDREV.Dx

cakey

i would say your groceries is very high, you could easily survive on 350 a month, that gives you 150 a month that can go into savings.

dalip

cakey wrote: »

i would say your groceries is very high, you could easily survive on 350 a month, that gives you 150 a month that can go into savings.

Cakey...if the OP puts £350 down for food,the OR will snatch it for an IPA......this is for Early Discharge REVew. If the OP wants to cut back later that is up to then but £500 is not excessive for 2 adults ad 2 kids per month;).Dx

dojoman

Comet91 wrote: »

My husband has got his EDREV form through and i just wanted to get some opinions on his SOA. We didn't have one approved when we went bankrupt as neither of us was working at the time and the OR said it wouldn't have even been worth looking at it at the time!

Thanks!

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.................... 0
Monthly Income Details
Monthly income after tax................ 768
Partners monthly income after tax....... 0
Benefits................................ 662 (Child and Working tax credits)
Other income............................ 143 (Child benefit)
Total monthly income.................... 1573
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 550
Management charge (leasehold property).. 0
Council tax............................. 103
Electricity............................. 45
Gas..................................... 40
Oil..................................... 0
Water rates............................. 42
Telephone (land line)................... 50
Mobile phone............................ 0
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 500 UP TO £600
Clothing................................ 110
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 65 (Train pass to work)
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 15
Buildings insurance..................... 0
Contents insurance...................... 18
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 26 UP TO £30
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1576

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
Total unsecured debts..........0.........0.........-

Monthly Budget Summary
Total monthly income.................... 1,573
Expenses (including HP & secured debts). 1,576
Available for debt repayments........... -3
Monthly UNsecured debt repayments....... 0
Amount short for making debt repayments. -3
Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -0
Net Assets.............................. 0
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.

Have made a couple of comments on your SOA, If anything I would increase your groceries to £600, that still only equates to £4.93 per day for each of you.

dalip

dojoman wrote: »

Have made a couple of comments on your SOA, If anything I would increase your groceries to £600, that still only equates to £4.93 per day for each of you.

But then that would make a deficit of £107 ?????

dojoman

dalip wrote: »

But then that would make a deficit of £107 ?????

Oops jumped the gun there, sorry about that, that`ll teach me to read it all before posting.

dalip

dojoman wrote: »

Oops jumped the gun there, sorry about that, that`ll teach me to read it all before posting.

Hey we all skim read at some point...don't worry about it..you took the time to reply thats good.Dx

Comet91

Thanks for the replies! We have sent it off now so we are just keeping our fingers crossed. Maybe i will be lucky and get sent an EDREV as well lol