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Soa form is this ok???

roses_babe
roses_babe Posts: 239 Forumite
in Bankruptcy & living with it
Household Information[/b]
Number of adults in household........... 2
Number of children in household.........
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 0
Partners monthly income after tax....... 870
Benefits................................ 251.52
Other income............................ 0
Total monthly income.................... 1121.52
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 415
Management charge (leasehold property).. 0
Council tax............................. 88
Electricity............................. 40
Gas..................................... 40
Oil..................................... 0
Water rates............................. 20
Telephone (land line)................... 30
Mobile phone............................ 60
TV Licence.............................. 20
Satellite/Cable TV...................... 21
Internet Services....................... 10
Groceries etc. ......................... 160
Clothing................................ 0
Petrol/diesel........................... 100
Road tax................................ 10
Car Insurance........................... 53
Car maintenance (including MOT)......... 10
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 0
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1077

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 400
Other assets............................ 0
Total Assets............................ 400

No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
Natwest loan...................13........200.......0
credit card....................400.......30........0
credit card....................400.......30........0
hfc loan.......................300.......12........0
hfc loan.......................803.......35........0
Overdraft......................300.......20........0
choice.........................200.......10........0
provident loan.................1000......100.......0
Total unsecured debts..........3416......437.......-

Monthly Budget Summary
Total monthly income.................... 1,121.52
Expenses (including HP & secured debts). 1,077
Available for debt repayments........... 44.52
Monthly UNsecured debt repayments....... 437
Amount short for making debt repayments. -392.48
Personal Balance Sheet Summary
Total assets (things you own)........... 400
Total HP & Secured debt................. -0
Total Unsecured debt.................... -3,416
Net Assets.............................. -3,016
«1

Comments

  • immoral_angeluk
    immoral_angeluk Posts: 24,506 Forumite
    10,000 Posts Combo Breaker
    Household Information[/b]
    Number of adults in household........... 2
    Number of children in household.........
    Number of cars owned.................... 1
    Monthly Income Details
    Monthly income after tax................ 0
    Partners monthly income after tax....... 870
    Benefits................................ 251.52
    Other income............................ 0
    Total monthly income.................... 1121.52
    Monthly Expense Details
    Mortgage................................ 0
    Secured/HP loan repayments.............. 0
    Rent.................................... 415
    Management charge (leasehold property).. 0
    Council tax............................. 88
    Electricity............................. 40
    Gas..................................... 40
    Oil..................................... 0
    Water rates............................. 20
    Telephone (land line)................... 30
    Mobile phone............................ 60 - this is high, this may be queried.
    TV Licence.............................. 20
    Satellite/Cable TV...................... 21
    Internet Services....................... 10
    Groceries etc. ......................... 160 - this is very low for 2 adults, are you sure this is realistic?
    Clothing................................ 0
    Petrol/diesel........................... 100
    Road tax................................ 10
    Car Insurance........................... 53
    Car maintenance (including MOT)......... 10
    Car parking............................. 0
    Other travel............................ 0
    Childcare/nursery....................... 0
    Other child related expenses............ 0
    Medical (prescriptions, dentist etc).... 0
    Pet insurance/vet bills................. 0
    Buildings insurance..................... 0
    Contents insurance...................... 0 - no insurance? You need contents if you are renting as your landlord will only have buildings insurance.
    Life assurance ......................... 0
    Other insurance......................... 0
    Presents (birthday, christmas etc)...... 0
    Haircuts................................ 0
    Entertainment........................... 0
    Holiday................................. 0
    Emergency fund.......................... 0
    Total monthly expenses.................. 1077


    You also haven't included any money for going out, or emergencies.
    Total 'Failed Business' Debt £29,043
    Que sera, sera. <3
  • dojoman
    dojoman Posts: 12,027 Forumite
    roses_babe wrote: »
    Household Information[/b]
    Number of adults in household........... 2
    Number of children in household.........
    Number of cars owned.................... 1
    Monthly Income Details
    Monthly income after tax................ 0
    Partners monthly income after tax....... 870
    Benefits................................ 251.52
    Other income............................ 0
    Total monthly income.................... 1121.52
    Monthly Expense Details
    Mortgage................................ 0
    Secured/HP loan repayments.............. 0
    Rent.................................... 415
    Management charge (leasehold property).. 0
    Council tax............................. 88
    Electricity............................. 40
    Gas..................................... 40
    Oil..................................... 0
    Water rates............................. 20
    Telephone (land line)................... 30
    Mobile phone............................ 60 (are these essential?)
    TV Licence.............................. 20 (why so high?)
    Satellite/Cable TV...................... 21( Not allowed in BR)
    Internet Services....................... 10 (Not allowed in BR unless essential for work/study)
    Groceries etc. ......................... 160 (Increase this up to £400 depending on your final total)
    Clothing................................ 0
    Petrol/diesel........................... 100
    Road tax................................ 10
    Car Insurance........................... 53
    Car maintenance (including MOT)......... 10
    Car parking............................. 0
    Other travel............................ 0
    Childcare/nursery....................... 0
    Other child related expenses............ 0
    Medical (prescriptions, dentist etc).... 0
    Pet insurance/vet bills................. 0
    Buildings insurance..................... 0
    Contents insurance...................... 0
    Life assurance ......................... 0
    Other insurance......................... 0
    Presents (birthday, christmas etc)...... 0
    Haircuts................................ 0
    Entertainment........................... 0
    Holiday................................. 0
    Emergency fund.......................... 0
    Total monthly expenses.................. 1077

    Assets
    Cash.................................... 0
    House value (Gross)..................... 0
    Shares and bonds........................ 0
    Car(s).................................. 400
    Other assets............................ 0
    Total Assets............................ 400

    No Secured nor Hire Purchase Debts
    Unsecured Debts
    Description....................Debt......Monthly...APR
    Natwest loan...................13........200.......0
    credit card....................400.......30........0
    credit card....................400.......30........0
    hfc loan.......................300.......12........0
    hfc loan.......................803.......35........0
    Overdraft......................300.......20........0
    choice.........................200.......10........0
    provident loan.................1000......100.......0
    Total unsecured debts..........3416......437.......-

    Monthly Budget Summary
    Total monthly income.................... 1,121.52
    Expenses (including HP & secured debts). 1,077
    Available for debt repayments........... 44.52
    Monthly UNsecured debt repayments....... 437
    Amount short for making debt repayments. -392.48
    Personal Balance Sheet Summary
    Total assets (things you own)........... 400
    Total HP & Secured debt................. -0
    Total Unsecured debt.................... -3,416
    Net Assets.............................. -3,016

    Hope this helps? Is the final amount for your debts correct?
    :pB&SC No. 298
    Life`s Tragedy is that we get OLD too soon
    and WISE too late!
  • sizzler
    sizzler Posts: 5,094 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    I can agree with that angel and dojo

    Lots of people combine mobile with landline. Some ORs dont like mobiles unless you can prove you need them.

    Grocerys about 380 a month.

    sizzler:)
  • immoral_angeluk
    immoral_angeluk Posts: 24,506 Forumite
    10,000 Posts Combo Breaker
    dojoman wrote: »
    Hope this helps? Is the final amount for your debts correct?
    I've had clients before who have been allowed to keep satellite and internet, so long as they were transferred over into the non BR partner's name.
    Total 'Failed Business' Debt £29,043
    Que sera, sera. <3
  • sizzler
    sizzler Posts: 5,094 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    if the phot on avi is of you, wish I had been a client:p
  • dojoman
    dojoman Posts: 12,027 Forumite
    immoral_angeluk wrote: »
    I've had clients before who have been allowed to keep satellite and internet, so long as they were transferred over into the non BR partner's name.

    Fair enough but how would you include the amount on the BR`s SOA?
    :pB&SC No. 298
    Life`s Tragedy is that we get OLD too soon
    and WISE too late!
  • dojoman
    dojoman Posts: 12,027 Forumite
    sizzler wrote: »
    if the phot on avi is of you, wish I had been a client:p

    Down boy, down I say :D
    :pB&SC No. 298
    Life`s Tragedy is that we get OLD too soon
    and WISE too late!
  • sizzler
    sizzler Posts: 5,094 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Just been sizzler dojo:)

    Mind your typing quick today or im getting slower keep up the great work:)
  • immoral_angeluk
    immoral_angeluk Posts: 24,506 Forumite
    10,000 Posts Combo Breaker
    sizzler wrote: »
    if the phot on avi is of you, wish I had been a client:p
    lol tis'a me :D I normally wear glasses though. Adds to the professional nerdism :D
    Total 'Failed Business' Debt £29,043
    Que sera, sera. <3
  • immoral_angeluk
    immoral_angeluk Posts: 24,506 Forumite
    10,000 Posts Combo Breaker
    dojoman wrote: »
    Fair enough but how would you include the amount on the BR`s SOA?
    In the case I had the SOA was based on the whole household and the OR asked the person going BR to change them into her partner's name and they wouldn't ask her to cancel them.
    Total 'Failed Business' Debt £29,043
    Que sera, sera. <3
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