SOA, really confused and worrying, BR date 31st March

horseypony

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 2
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1214
Partners monthly income after tax....... 0
Benefits................................ 1120
Other income............................ 398
Total monthly income.................... 2732
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 650
Management charge (leasehold property).. 0
Council tax............................. 160
Electricity............................. 90
Gas..................................... 100
Oil..................................... 0
Water rates............................. 40
Telephone (land line)................... 78
Mobile phone............................ 0
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 20
Groceries etc. ......................... 550
Clothing................................ 150
Petrol/diesel........................... 150
Road tax................................ 20
Car Insurance........................... 35
Car maintenance (including MOT)......... 45
Car parking............................. 10
Other travel............................ 0
Childcare/nursery....................... 100
Other child related expenses............ 45
Medical (prescriptions, dentist etc).... 40
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 27
Life assurance ......................... 36
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 30
Entertainment........................... 0
Holiday................................. 80
Emergency fund.......................... 0
Total monthly expenses.................. 2468

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..........0.........0.........-

Monthly Budget Summary
Total monthly income.................... 2,732
Expenses (including HP & secured debts). 2,468
Available for debt repayments........... 264
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 264
Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -0
Net Assets.............................. 0

sniggings

dojoman wrote: »

But if there was enough in her surplus, she could pay her out of that.

mate,if she wants to break the rules of BR then thats up to her but I'm not going to tell her to do it.

horseypony

sniggings wrote: »

mate,if she wants to break the rules of BR then thats up to her but I'm not going to tell her to do it.

No I'm not going to break any rules I'm afraid!!!!

dojoman

sniggings wrote: »

mate,if she wants to break the rules of BR then thats up to her but I'm not going to tell her to do it.

Why is breaking the rules?

sniggings

dojoman wrote: »

Why is breaking the rules?

as she would be paying a debt(loan) after going BR that was taken out before her BR,thats a no no of BR.

dojoman

sniggings wrote: »

as she would be paying a debt(loan) after going BR that was taken out before her BR,thats a no no of BR.

But she has not taken the loan out, her mother has, the loan is in her mums name therefore the OP is not liable for the loan. If, after she is declared BR and her SOA has been agreed by the OR has any surplus left, then she will be free to do with that surplus as she sees fit.

sniggings

dojoman wrote: »

But she has not taken the loan out, her mother has, the loan is in her mums name therefore the OP is not liable for the loan. If, after she is declared BR and her SOA has been agreed by the OR has any surplus left, then she will be free to do with that surplus as she sees fit.

lol a debt is a debt,as its not in her name makes not the slightest bit of difference,she would be paying money towards a debt that all her other creditors are entitled to a share off.

dojoman

sniggings wrote: »

lol a debt is a debt,as its not in her name makes not the slightest bit of difference,she would be paying money towards a debt that all her other creditors are entitled to a share off.

Answer me this then, can this loan go in to the BR.

sniggings

mate the"debt" is to her mum and yes it can go into the BR,which means she no longer owes her mother,but her mother will still owe the loan to her creditor!

horseypony

oh dear, i'm more confused now?? Can someone please take a look at my new SOA???