new person here : quick question !

InnerPeace

It's £194 for house-keeping for a single person with no children...things like alcohol and cigarettes aren't seen as essential if that's what's bumping up the cost.

Hi Tech2, please don't suggest incurring further credit to make a preference payment...that's even more serious than preferring a creditor the person's own money.

t666

I realise tesco metro cost more... but the nearest big supermarket is quite a drive away and TBH I have to buy my food daily rather than weekly as I tend to binge on it all in one go.... but thats another problem......:o

ok thanks guys I realise noone has the answer ... the food bit is the least of my problems its the loan issue thats really what I wanted to sort out..

t666

fiveyearplan wrote: »

There is no way an OR would allow £400 per month for housekeeping for one person. I live in London too. Do you buy all ready meals or do you cook?

sardines on toast and beans on toast for the last 2 months.

t666

InnerPeace wrote: »

It's £194 for house-keeping for a single person with no children...things like alcohol and cigarettes aren't seen as essential if that's what's bumping up the cost.

Hi Tech2, please don't suggest incurring further credit to make a preference payment...that's even more serious than preferring a creditor the person's own money.

i dont drink alcohol and dont smoke :S

tigerfeet2006

If you follow the link FYP gave you

http://www.makesenseofcards.com/soacalc.html

fill it in, format to MSE and then copy and paste here then some one will check it for you.

If you have eating issues it may be worth a visit to the Dr's to see if you can get any help via counceling etc.

As for the loan I think that if asked you say exactly what you have told us then you will be fine.

t666 wrote: »

hello:)

sorry What i mean is, if OR asks any questions regarding why there was 181 coming out of my account before bankruptsy, I was going to admit the loan with dad but my dad will say 'on the record' that he will now continue paying it. (hes not of course, doesnt have the funds) but to the OR this should look like I now have nothing to do with the loan. off the record of course i still have to pay him back as he still has to make the payments to lloyds. (rememeber the loan is in dads name!)

fiveyearplan

Would it be a problem if you did some batch cooking and put it in the freezer? You can answer that to yourself if you don't want to post the reply.

t666

fiveyearplan wrote: »

Would it be a problem if you did some batch cooking and put it in the freezer? You can answer that to yourself if you don't want to post the reply.

hey would help,, but dont have a freezer!! hehe.. proper lame.

Anyway i will have another stab at SOA in a min.

t666

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 1
Number of children in household......... 0
Number of cars owned.................... 0
Monthly Income Details
Monthly income after tax................ 1596
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1596
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 417
Management charge (leasehold property).. 0
Council tax............................. 0
Electricity............................. 0
Gas..................................... 0
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 40
Mobile phone............................ 0
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 200
Clothing................................ 0
Petrol/diesel........................... 100
Road tax................................ 10
Car Insurance........................... 45
Car maintenance (including MOT)......... 15
Car parking............................. 0
Other travel............................ 20
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)...... 0
Haircuts................................ 10
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 894

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
4 x credit cards...............10000.....350.......3
loan lloyds....................23000.....444.......12
overdraft......................3000......30........11
Total unsecured debts..........36000.....824.......-

Monthly Budget Summary
Total monthly income.................... 1,596
Expenses (including HP & secured debts). 894
Available for debt repayments........... 702
Monthly UNsecured debt repayments....... 824
Amount short for making debt repayments. -122
Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -36,000
Net Assets.............................. -36,000
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.

i changed the things you all advised me too,, I dont understand though others are putting small amounts for holidays, emerg. funds etcetc...

fiveyearplan

t666 wrote: »

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 1
Number of children in household......... 0
Number of cars owned.................... 0
Monthly Income Details
Monthly income after tax................ 1596
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1596
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 417
Management charge (leasehold property).. 0
Council tax............................. 0
Electricity............................. 0
Gas..................................... 0
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 40
Mobile phone............................ 0
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 200
Clothing................................ 0
Petrol/diesel........................... 100
Road tax................................ 10
Car Insurance........................... 45
Car maintenance (including MOT)......... 15
Car parking............................. 0
Other travel............................ 20
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 25
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0 15 you should look into getting this
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 10
Entertainment........................... 0
Holiday................................. 0 £30
Emergency fund.......................... 0
Total monthly expenses.................. 894

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
4 x credit cards...............10000.....350.......3
loan lloyds....................23000.....444.......12
overdraft......................3000......30........11
Total unsecured debts..........36000.....824.......-

Monthly Budget Summary
Total monthly income.................... 1,596
Expenses (including HP & secured debts). 894
Available for debt repayments........... 702
Monthly UNsecured debt repayments....... 824
Amount short for making debt repayments. -122
Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -36,000
Net Assets.............................. -36,000
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.

i changed the things you all advised me too,, I dont understand though others are putting small amounts for holidays, emerg. funds etcetc...

Don't you pay gas/elec/water/council tax?

fiveyearplan

Did you put down the loan that your dad is paying on there? If so your deficit is only £122 so I would urge you to speak to one of the debt charities like CCCS, CAB or National Debtline. You can find their contact details in TigerFeet's signature. They will go through all your options with you. You have relatively good salary, you could clear that debt without resorting to bankruptcy. That will leave other options open to you later in life. Its worth exploring anyway.