Revised SOA's. Urgent feedback please :-)

Matt1982

Hi All

Ok my revised SOA. I have included my gf's employed income (she does also do a bit of self employed work but not sure of figures here?! Probably another £2500 ish at a guess - so have left out).

Then included total amount for shared bills ....rent, council tax, internet, contents and building insurance and tv licence.

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................ 990
Partners monthly income after tax....... 840
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1830

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 645
(total rent inc water, gas and electric, tenancy in gf name only and she will wants nothing to do with my bko. I pay £322.50 which is slightly over 50% as I earn slightly more...will this be ok or is it simply to put down £645 and just show as 50/50?
Management charge (leasehold property).. 0
Council tax............................. 95
Electricity............................. 0
Gas..................................... 0
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 0
Mobile phone............................ 40
40 (I know people have previously said not allowed and to put down as landline but if I do that then they going want to split 50/50 between gf and I, £40 is my bill - am I not allowed mobile if have no landline - we dont....internet is a doogle thing)
TV Licence.............................. 12 (total for our flat)
Satellite/Cable TV...................... 0
Internet Services....................... 15 (total for our flat)
Groceries etc. ......................... 500 (total for us)
Clothing................................ 40
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 75
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 25
Pet insurance/vet bills................. 20 (total for the rabbit)
Buildings insurance..................... 10 (total for our flat)
Contents insurance...................... 10 (total for our flat)

Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 15
Entertainment........................... 0
Holiday................................. 40
Emergency fund.......................... 12
Total monthly expenses.................. 1554

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
IVA............................40000.....330.......0
Total unsecured debts..........40000.....330.......-


Monthly Budget Summary
Total monthly income.................... 1,830
Expenses (including HP & secured debts). 1,554
Available for debt repayments........... 276
Monthly UNsecured debt repayments....... 330
Amount short for making debt repayments. -54

Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -40,000
Net Assets.............................. -40,000

Appreciate all of your comments.

thanks

tigerfeet2006

Matt1982 wrote: »

Hi All

Ok my revised SOA. I have included my gf's employed income (she does also do a bit of self employed work but not sure of figures here?! Probably another £2500 ish at a guess - so have left out).

Then included total amount for shared bills ....rent, council tax, internet, contents and building insurance and tv licence.

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................ 990
Partners monthly income after tax....... 840
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1830

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 645
(total rent inc water, gas and electric, tenancy in gf name only and she will wants nothing to do with my bko. I pay £322.50 which is slightly over 50% as I earn slightly more...will this be ok or is it simply to put down £645 and just show as 50/50? So you don't pay the utilities seperatly, they are included in the rent?
Management charge (leasehold property).. 0
Council tax............................. 95
Electricity............................. 0
Gas..................................... 0
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 0 £60
Mobile phone............................ 40
40 (I know people have previously said not allowed and to put down as landline but if I do that then they going want to split 50/50 between gf and I, £40 is my bill - am I not allowed mobile if have no landline - we dont....internet is a doogle thing) Put it under phone and that will be fine, don't over think.
TV Licence.............................. 12 (total for our flat)
Satellite/Cable TV...................... 0
Internet Services....................... 15 (total for our flat)
Groceries etc. ......................... 500 (total for us) £400 for 2
Clothing................................ 40
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 75
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 25
Pet insurance/vet bills................. 20 (total for the rabbit)
Buildings insurance..................... 10 (total for our flat) why are you paying this if you rent?
Contents insurance...................... 10 (total for our flat)

Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 15 £10
Entertainment........................... 0
Holiday................................. 40
Emergency fund.......................... 12 most OR's won't allow but leave and see.
Total monthly expenses.................. 1554

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
IVA............................40000.....330.......0
Total unsecured debts..........40000.....330.......-


Monthly Budget Summary
Total monthly income.................... 1,830
Expenses (including HP & secured debts). 1,554
Available for debt repayments........... 276
Monthly UNsecured debt repayments....... 330
Amount short for making debt repayments. -54

Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -40,000
Net Assets.............................. -40,000

Appreciate all of your comments.

thanks

£10 dry cleaning

tech2_2

Are you both going BR?

IS there any way you can keep your GF out of this equation?

Was she with you when you set up the IVA?

Matt1982

Thanks Tigerfeet.

Yes water,gas and electric included. Even though paid like me is it better if I present as a rent and then utilities seperately...just thinking looks high as one figure?!!

I dont have a landline so can I put down £60 for it plus my £40 mobile or you mean just put £60 down for phone total?

Groceries - no chance of more than £400? is worth trying for more?

Dont know why put buidling! doh, habit from job....contents is £20 I think (I just give gf £10 a mth for it!)

Sorry emergency funding I was meant to note as dry cleaning.

I trying to think if anything I spend on but gone blank....anyone else got something I may have. I was going put down driving lessons...I stopped a few mths ago but would like to start again. I know might be classed as a luxury but also would be useful for the future especially if can drive. thoughts?

thanks

Matt1982

Hi Tech

I want to keep her out of this totally. No she not goign BKO. She is a squeaky clean girl who has been well behaved...hence why wants nothing to do with any of this!

We were not together when I went into the IVA, didnt even though her then!

Not sure how I can keep her out when co-habit with her? Tenancy in her name etc so if I try to pretend she is not there and I get ask to show bills, tenancy I cannot do and then no doubt I be accused of lying.

Can you think of anyway I can keep her out of it?

tech2_2

Matt1982 wrote: »

Hi Tech

I want to keep her out of this totally. No she not goign BKO. She is a squeaky clean girl who has been well behaved...hence why wants nothing to do with any of this!

We were not together when I went into the IVA, didnt even though her then!

Not sure how I can keep her out when co-habit with her? Tenancy in her name etc so if I try to pretend she is not there and I get ask to show bills, tenancy I cannot do and then no doubt I be accused of lying.

Can you think of anyway I can keep her out of it?

Go back home to ur home addy maybe? rent a room at a friends house? but bear in mind this can hjave an effect ont he property and circumstances involving insurance etc! as it can where you are as there is a change to u GF's circumstances!!!

<ay be TF or other will comment on this in more depth as I am, new to this but haveing gone BR and kept it all feel I have some good expertise and personal experiance to help....Bare in mind I had a lot of help from TF philnicandamy fiveyearplan but to name a few!!!!

Also the best policy is not to lie as I did not tell any lies and all was well with me and the OH and the OR was quite happy :T You see they are all different but OR's are human like us, I 'm sure other would say other wise especially if you tale the Pee out ot your BR/OR retrospectivley


Tech2

Matt1982

Ok thanks. We dont own the flat we live in. Its rented, tenancy in gfs name and I just contribute towards it (she lived there before we get together).

Yeah definitely dont want to lie, just going be clear with my facts (but want to present in bestway). End of the day I messed up with finances, I put my hands up that I was not responsible enough with money but tried to make amends by entering IVA but I simply cannot afford to carry on with it any more, think the numbers speak for themselves.

thanks

tech2_2

As you are co-habiting your GF's income has to come into the equation! you need to look at what is best to try and prevent an IPA if poss!

Do yo unot have a life policey or pension scheme?

Is the income figues a 6 mth average for you both?

How far do you live from work have you looked at the cost of buses and also the cost of a taxi if u need to do a 1 wk major shop + getting home form work if you work unsociable hours?

Matt1982

Ok, my understanding is in respect of her income I just have to confirm her earnings?

Yes want to avoid IPA but if I get one, thats life.

My income is not a 6mth average just last mth, the reason I done this is I had my salary reduced from £21750 to £15000 at the moment so a 6mth average would give a false figure. I will just need to explain to OR this ...right?

I live 3.2miles from work. bus ticket is £13.30 per week and if I ever need a taxi to work its £6, if ever need to go to supermarket about £3.50 - £4....think £75 travel is ok then (I leave away from my family so also included if ever need to get train home once in a while was costing about £20-£25 return).

Matt1982

Sorry also missed off yes I do have a private pension..why?

tech2_2

You might have to explain your income but if they dont ask dont tell!!!

Put your private pension down and redo the SOA and relist with the changes for all to see