My SOA- Enough for a DRO?

in_debt24

Hi all,

I have £13,000 unsecured debt and would like to apply for a DRO. Here's my SOA- Please tell me what you think (i.e are any of the numbers too high and likley to be rejected?)

According to this i have only £17/month surplus which meets the criteria for DRO (along with havign no assetts and owing less than £15k)

Thankyou!

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 1
Number of children in household.........
Number of cars owned....................
Monthly Income Details
Monthly income after tax................ 1248
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1248
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 660 (1 bed flat in london!!!)
Management charge (leasehold property).. 0
Council tax............................. 85
Electricity............................. 16
Gas..................................... 20
Oil..................................... 0
Water rates............................. 0 (Included in rent)
Telephone (land line)................... 12
Mobile phone............................ 25
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 25
Groceries etc. ......................... 150
Clothing................................ 10
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 169 (zone 1-5 travelcard)
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 7
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 5
Haircuts................................ 10
Entertainment........................... 15
Holiday................................. 0
Emergency fund.......................... 10
Total monthly expenses.................. 1231

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: £13,000


Monthly Budget Summary
Total monthly income.................... 1,248
Expenses (including HP & secured debts). 1,231
Available for debt repayments........... 17
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 17
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.

dojoman

Try posting in the DRO thread at the top of the page, you may get more help there

IF

I do what Dojo as adviced, they be able to help you more x

http://forums.moneysavingexpert.com/showthread.html?t=1385275