23 and considering bankruptcy... HELP PLEASE

kkjamor

This is the new one, now started new thread for SOA help. Thanks so much. x

This is the new one;
Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 1
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 950
Partners monthly income after tax....... 800
Benefits................................ 450
Other income............................ 0
Total monthly income.................... 2200
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 500
Management charge (leasehold property).. 0
Council tax............................. 136
Electricity............................. 50
Gas..................................... 50
Oil..................................... 0
Water rates............................. 30
Telephone (land line)................... 0
Mobile phone............................ 61
TV Licence.............................. 13
Satellite/Cable TV...................... 0
Internet Services....................... 10 - Used for work
Groceries etc. ......................... 400
Clothing................................ 80
Petrol/diesel........................... 80
Road tax................................ 15
Car Insurance........................... 67 - this is comercial van insurance
Car maintenance (including MOT)......... 30
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 520 - We work full time
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 25
Pet insurance/vet bills................. 10
Buildings insurance..................... 0
Contents insurance...................... 6
Life assurance ......................... 0
Other insurance......................... 77 - Liability Insurance
Presents (birthday, christmas etc)...... 0
Haircuts................................ 20
Entertainment........................... 0
Holiday................................. 60
Emergency fund.......................... 0
Total monthly expenses.................. 2240

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 500
Other assets............................ 0
Total Assets............................ 500

No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
Loan...........................18500.....25........14.9
Loan...........................3000......113.......0
Credit Card....................2000......0.........0
Overdraft......................1000......0.........0
Overdraft......................2000......0.........0
Debt...........................250.......0.........0
Finance........................2000......0.........0
Finance........................2000......0.........0
Total unsecured debts..........30750.....138.......-

Monthly Budget Summary
Total monthly income.................... 2,200
Expenses (including HP & secured debts). 2,240
Available for debt repayments........... -40
Monthly UNsecured debt repayments....... 138
Amount short for making debt repayments. -178
Personal Balance Sheet Summary
Total assets (things you own)........... 500
Total HP & Secured debt................. -0
Total Unsecured debt.................... -30,750
Net Assets.............................. -30,250
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.