Bankruptcy Assets

kerrypn

I would put all of them-it will make it easier for the OR to find creditors I think-I had 4 addresses on mine, even though I had lived at house for 4 years!

chrisb1357

Ok i have put all my last addreses on the form.

I am now just have to finish the list of unsecured debts. It has 2 questions which are Date incurred and What was the debt for?. Is this the date i took out the credit etc. I cant remember these date or what it was for

Chris

chrisb1357

I have re worked my SOA for the Bankruptcy and wanted anyones view on my SOA below. This is based on when my self emplyoment ends this week and myself and my partner going back onto JSA for time being. Also removed the car from my SOA as this is selling this weeknd.

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................ 0
Partners monthly income after tax....... 0
Benefits................................ 437.45
Other income............................ 0
Total monthly income.................... 437.45
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 0
Electricity............................. 21.67
Gas..................................... 21.67
Oil..................................... 0
Water rates............................. 30.99
Telephone (land line)................... 25
Mobile phone............................ 3.33
TV Licence.............................. 28.5
Satellite/Cable TV...................... 0
Internet Services....................... 7.34
Groceries etc. ......................... 173
Clothing................................ 0
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 45
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 0
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Partners Bills.......................... 80
Total monthly expenses.................. 436.5

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.................... 437.45
Expenses (including HP & secured debts). 436.5
Available for debt repayments........... 0.95
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 0.95
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.

Mrs_Malaprop

Goodness that is a very tight SoA.

First you need to round everything up or down to the nearest pound.

Second you don't put your partners bills on your SoA. The OR is not interested. You need to put your income and your partners contribution to the joint bills.

Make sure you check on entitledto.co.uk to see you are recieving all the correct benefits.

Sorry don't know where the underlining is coming from.

chrisb1357

Hi,

Ok will round everything up and post updated version later on.

I need to put my partners bills as we are on Joint Job Seekers you see. Out of all the money we get between us she also pays her outstanding debt she has. How do i go about this with the SOA. We get £100 a week for the both of us and its only paid into 1 account which will be my account.

Chris

Mrs_Malaprop wrote: »

Goodness that is a very tight SoA.

First you need to round everything up or down to the nearest pound.

Second you don't put your partners bills on your SoA. The OR is not interested. You need to put your income and your partners contribution to the joint bills.

Make sure you check on entitledto.co.uk to see you are recieving all the correct benefits.

Sorry don't know where the underlining is coming from.

nervousmother

Half of the income is only yours, so put down half there. then in partners income list the remaining income minus £80 they need for their debts and leave their debts off the soa..

kerrypn

chrisb1357 wrote: »

Ok i have put all my last addreses on the form.

I am now just have to finish the list of unsecured debts. It has 2 questions which are Date incurred and What was the debt for?. Is this the date i took out the credit etc. I cant remember these date or what it was for

Chris

Just put an approximate date, and put for general living expenses if you're not sure.

kerrypn

chrisb1357 wrote: »

I have re worked my SOA for the Bankruptcy and wanted anyones view on my SOA below. This is based on when my self emplyoment ends this week and myself and my partner going back onto JSA for time being. Also removed the car from my SOA as this is selling this weeknd.

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................ 0
Partners monthly income after tax....... 0 put just her contribution down, not total income
Benefits................................ 437.45 amend to just yours as advised
Other income............................ 0
Total monthly income.................... 437.45
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 0 do you not pay rent at all?
Management charge (leasehold property).. 0
Council tax............................. 0 again, do you not pay this?
Electricity............................. 21.67
Gas..................................... 21.67 this is low-£40
Oil..................................... 0
Water rates............................. 30.99
Telephone (land line)................... 25
Mobile phone............................ 3.33
TV Licence.............................. 28.5
Satellite/Cable TV...................... 0
Internet Services....................... 7.34 you will need to prove you need this-I assume for job hunting. But especially after you have a job and need to amend your SOA
Groceries etc. ......................... 173 200
Clothing................................ 0 40
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 45
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0 20
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0 you should get this with accidental cover £20
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 0
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Partners Bills.......................... 80 remove as advised
Total monthly expenses.................. 436.5

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.................... 437.45
Expenses (including HP & secured debts). 436.5
Available for debt repayments........... 0.95
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 0.95
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.

Hi chris

I have marked in RED changes you need to consider now, and in blue, changes you need to consider when your income increases.

Hope this helps

chrisb1357

Updated SOA and rounded up to nearest £ and we do require the Internet and its the cheapest we are on so we can apply for jobs as nearest library is some distance away and would mean spending even more on bus fair, Council Tax and Council Rent will be paid while we are out of work.

Statement of Affairs and Personal Balance Sheet
Monthly Income Details
Monthly income after tax................ 0
Partners monthly income after tax....... 138
Benefits................................ 218
Other income............................ 0
Total monthly income.................... 356
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 0
Electricity............................. 22
Gas..................................... 22
Oil..................................... 0
Water rates............................. 31
Telephone (land line)................... 25
Mobile phone............................ 3
TV Licence.............................. 29
Satellite/Cable TV...................... 0
Internet Services....................... 7
Groceries etc. ......................... 173
Clothing................................ 0
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 44
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 0
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 356

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.................... 356
Expenses (including HP & secured debts). 356
Available for debt repayments........... 0
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 0
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.

Mrs_Malaprop

TV licence £13 max.