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SOA will this be accepted?
vodooelephant
Posts: 262 Forumite
Hi After being told that i may be getting some overpayment from tax credits at the end of the tax year i have been advised to stop my DRO as it would be cancelled anyway.
I have called all my debtors this morning to see if we could arrange repayments as follows all have asked for a SOA can you have a look at this for me please and let me know what you think.
Household Information[/b]
Number of adults in household........... 2
Number of children in household......... 3
Number of cars owned.................... 2
Monthly Income Details
Monthly income after tax................ 0
Partners monthly income after tax....... 1552.19
Benefits................................ 975.2
Other income............................ 0
Total monthly income.................... 2527.39
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 900
Management charge (leasehold property).. 0
Council tax............................. 205
Electricity............................. 85
Gas..................................... 65
Oil..................................... 0
Water rates............................. 50
Telephone (land line)................... 80
Mobile phone............................ 50
TV Licence.............................. 36
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 400
Clothing................................ 15
Petrol/diesel........................... 200
Road tax................................ 30
Car Insurance........................... 70
Car maintenance (including MOT)......... 10
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 40
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 7.2
Pet insurance/vet bills................. 20
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 10
Haircuts................................ 10
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 2283.2
Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 1500
Other assets............................ 0
Total Assets............................ 1500
No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
ABBEY .........................8020......80........0
natwest........................15136.2...100.......0
natwest........................649.84....25........0
dvla...........................80........20........0
t mobile.......................121.61....20........0
Total unsecured debts..........24007.65..245.......-
Monthly Budget Summary
Total monthly income.................... 2,527.39
Expenses (including HP & secured debts). 2,283.2
Available for debt repayments........... 244.19
Monthly UNsecured debt repayments....... 245
Amount short for making debt repayments. -0.81
Personal Balance Sheet Summary
Total assets (things you own)........... 1,500
Total HP & Secured debt................. -0
Total Unsecured debt.................... -24,007.65
Net Assets.............................. -22,507.65
Created using the SOA calculator at https://www.makesenseofcards.com.
I have called all my debtors this morning to see if we could arrange repayments as follows all have asked for a SOA can you have a look at this for me please and let me know what you think.
Household Information[/b]
Number of adults in household........... 2
Number of children in household......... 3
Number of cars owned.................... 2
Monthly Income Details
Monthly income after tax................ 0
Partners monthly income after tax....... 1552.19
Benefits................................ 975.2
Other income............................ 0
Total monthly income.................... 2527.39
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 900
Management charge (leasehold property).. 0
Council tax............................. 205
Electricity............................. 85
Gas..................................... 65
Oil..................................... 0
Water rates............................. 50
Telephone (land line)................... 80
Mobile phone............................ 50
TV Licence.............................. 36
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 400
Clothing................................ 15
Petrol/diesel........................... 200
Road tax................................ 30
Car Insurance........................... 70
Car maintenance (including MOT)......... 10
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 40
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 7.2
Pet insurance/vet bills................. 20
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 10
Haircuts................................ 10
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 2283.2
Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 1500
Other assets............................ 0
Total Assets............................ 1500
No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
ABBEY .........................8020......80........0
natwest........................15136.2...100.......0
natwest........................649.84....25........0
dvla...........................80........20........0
t mobile.......................121.61....20........0
Total unsecured debts..........24007.65..245.......-
Monthly Budget Summary
Total monthly income.................... 2,527.39
Expenses (including HP & secured debts). 2,283.2
Available for debt repayments........... 244.19
Monthly UNsecured debt repayments....... 245
Amount short for making debt repayments. -0.81
Personal Balance Sheet Summary
Total assets (things you own)........... 1,500
Total HP & Secured debt................. -0
Total Unsecured debt.................... -24,007.65
Net Assets.............................. -22,507.65
Created using the SOA calculator at https://www.makesenseofcards.com.
"Oh, you hate your job? Why didn't you say so? There's a support group for that. It's called EVERYBODY, and they meet at the bar.":beer:
0
Comments
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See above!vodooelephant wrote: »Hi After being told that i may be getting some overpayment from tax credits at the end of the tax year i have been advised to stop my DRO as it would be cancelled anyway.
I have called all my debtors this morning to see if we could arrange repayments as follows all have asked for a SOA can you have a look at this for me please and let me know what you think.
Household Information[/b]
Number of adults in household........... 2
Number of children in household......... 3
Number of cars owned.................... 2
Monthly Income Details
Monthly income after tax................ 0
Partners monthly income after tax....... 1552.19
Benefits................................ 975.2
Other income............................ 0
Total monthly income.................... 2527.39
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 900
Management charge (leasehold property).. 0
Council tax............................. 205
Electricity............................. 85
Gas..................................... 65
Oil..................................... 0
Water rates............................. 50
Telephone (land line)................... 80 seems high, £60 would be more exceptable
Mobile phone............................ 50 very high, not likely to except this
TV Licence.............................. 36 TV license is about £12 a month, not sure how you get £36
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 400 could be higher
Clothing................................ 15 only £15? with 2 adults and 3 kids, should easily be over £100 at the very least
Petrol/diesel........................... 200
Road tax................................ 30
Car Insurance........................... 70
Car maintenance (including MOT)......... 10
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 40
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 7.2
Pet insurance/vet bills................. 20 is this for pet food or insurance?
Buildings insurance..................... 0 no building or content insurance?
Contents insurance...................... 0 no contents insurance?
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 10 not allowed
Haircuts................................ 10 should be about £25 (£10 for each adult, £5 for each kid)
Entertainment........................... 0
Holiday................................. 0 could out down as much as about £80 as a family of 5
Emergency fund.......................... 0
Total monthly expenses.................. 2283.2
Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 1500
Other assets............................ 0
Total Assets............................ 1500
No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
ABBEY .........................8020......80........0
natwest........................15136.2...100.......0
natwest........................649.84....25........0
dvla...........................80........20........0
t mobile.......................121.61....20........0
Total unsecured debts..........24007.65..245.......-
Monthly Budget Summary
Total monthly income.................... 2,527.39
Expenses (including HP & secured debts). 2,283.2
Available for debt repayments........... 244.19
Monthly UNsecured debt repayments....... 245
Amount short for making debt repayments. -0.81
Personal Balance Sheet Summary
Total assets (things you own)........... 1,500
Total HP & Secured debt................. -0
Total Unsecured debt.................... -24,007.65
Net Assets.............................. -22,507.65
Created using the SOA calculator at www.makesenseofcards.com.0 -
/thanks -we are in arrears with TV license and are paying 36.00 for 6 months then 11 a month
Landline could cut down to 60.00
mobile phone to maybee 45.00 for 2
I dint buy any clothes for me or DH - grandparents buy a few clothes for the kids they do need shoes though
the vet bill - is to pay for an OP on the rabbit - pdsa paid off a sum and this is the remainder the vet allows me to pay off montly
I havent taken out any insurance - we havent had the money - I would if i could put it one there?
really we can put money aside for a holiday? -that would be fantastic
"Oh, you hate your job? Why didn't you say so? There's a support group for that. It's called EVERYBODY, and they meet at the bar.":beer:0 -
Sorry, but can I just clarify if you are intending on Bankruptcy?
fred0 -
i have made some adjustments
Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 3
Number of cars owned.................... 2
Monthly Income Details
Monthly income after tax................ 0
Partners monthly income after tax....... 1552.19
Benefits................................ 975.2
Other income............................ 0
Total monthly income.................... 2527.39
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 900
Management charge (leasehold property).. 0
Council tax............................. 205
Electricity............................. 85
Gas..................................... 65
Oil..................................... 0
Water rates............................. 50
Telephone (land line)................... 50
Mobile phone............................ 45
TV Licence.............................. 36
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 450
Clothing................................ 50
Petrol/diesel........................... 200
Road tax................................ 30
Car Insurance........................... 70
Car maintenance (including MOT)......... 10
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 40
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 7.2
Pet insurance/vet bills................. 20
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 10
Haircuts................................ 25
Entertainment........................... 0
Holiday................................. 25
Emergency fund.......................... 0
Total monthly expenses.................. 2373.2
Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 1400
Other assets............................ 0
Total Assets............................ 1400
No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
ABBEY .........................8020......80........0
natwest........................15136.2...100.......0
natwest........................649.84....25........0
overdrafts.....................1300......20........0
dvla...........................80........20........0
t mobile.......................121.61....20........0
Total unsecured debts..........25307.65..265.......-
Monthly Budget Summary
Total monthly income.................... 2,527.39
Expenses (including HP & secured debts). 2,373.2
Available for debt repayments........... 154.19
Monthly UNsecured debt repayments....... 265
Amount short for making debt repayments. -110.81
Personal Balance Sheet Summary
Total assets (things you own)........... 1,400
Total HP & Secured debt................. -0
Total Unsecured debt.................... -25,307.65
Net Assets.............................. -23,907.65
Created using the SOA calculator at https://www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using Firefox browser."Oh, you hate your job? Why didn't you say so? There's a support group for that. It's called EVERYBODY, and they meet at the bar.":beer:0 -
is this SOA for bankruptcy or just to send to creditors for payment plan?We all die. The goal isn't to live forever, the goal is to create something that will0
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For a payment plan -
I intended to do a DRO but Tax credit have told me i may get a payment at the end of the tax year off around 1000.00?? (they made an error on my 'account')and i was advised by ccccs that a DRO would be cancelled."Oh, you hate your job? Why didn't you say so? There's a support group for that. It's called EVERYBODY, and they meet at the bar.":beer:0 -
Can i just add the 15000+ is my hubbys loan the rest is in my name. If that makes a difference"Oh, you hate your job? Why didn't you say so? There's a support group for that. It's called EVERYBODY, and they meet at the bar.":beer:0
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