Allowances when i bankruptcy

ThaNinja

dojoman wrote: »

Could you possibly redo your SOA using the link below and the post it up again and we will have a look at it, the allowances in an IVA are different to BR, eg you are not allowed Sky on your BR SOA.

Thanks for your reply, Hopefully this works

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................ 1050
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1050
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 375
Management charge (leasehold property).. 0
Council tax............................. 119
Electricity............................. 35
Gas..................................... 42
Oil..................................... 0
Water rates............................. 34.61
Telephone (land line)................... 11
Mobile phone............................ 45
TV Licence.............................. 12.12
Satellite/Cable TV...................... 70
Internet Services....................... 10
Groceries etc. ......................... 200
Clothing................................ 50
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 60
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 7.2
Pet insurance/vet bills................. 0
Buildings insurance..................... 15
Contents insurance...................... 10
Life assurance ......................... 0
Other insurance......................... 12
Presents (birthday, christmas etc)...... 20
Haircuts................................ 10
Entertainment........................... 40
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1177.93

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
Natwest Loan...................10000.....209.......0
Natwest Credit Card............500.......10........0
Natwest overdraft..............1250......0.........0
Mint credit card...............1700......0.........0
Egg credit card................1250......0.........0
RBS Credit card................400.......0.........0
Virgin Credit Card.............2700......0.........0
Halifax Overdraft..............1000......0.........0
barclays Overdraft.............750.......0.........0
Total unsecured debts..........19550.....219.......-

Monthly Budget Summary
Total monthly income.................... 1,050
Expenses (including HP & secured debts). 1,177.93
Available for debt repayments........... -127.93
Monthly UNsecured debt repayments....... 219
Amount short for making debt repayments. -346.93
Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -19,550
Net Assets.............................. -19,550
Created using the SOA calculator at
Reproduced on Moneysavingexpert with permission, using IE browser.

ThaNinja

Im currently in an IVA (about to kick me out) so didnt know how much the monthly payments or APR will be due to mixes of purchase/gambling transactions on cards

sizzler

ThaNinja wrote: »

Thanks for your reply, Hopefully this works

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................ 1050
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1050
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 375
Management charge (leasehold property).. 0
Council tax............................. 119
Electricity............................. 35
Gas..................................... 42
Oil..................................... 0
Water rates............................. 34.61
Telephone (land line)................... 11
Mobile phone............................ 45
TV Licence.............................. 12.12
Satellite/Cable TV...................... 70Not allowed
Internet Services....................... 10allowed if you are a student or have children
Groceries etc. ......................... 200
Clothing................................ 50
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 60
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 7.2
Pet insurance/vet bills................. 0
Buildings insurance..................... 15
Contents insurance...................... 10
Life assurance ......................... 0
Other insurance......................... 12
Presents (birthday, christmas etc)...... 20Not allowed
Haircuts................................ 10
Entertainment........................... 40Not allowed
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1177.93

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
Natwest Loan...................10000.....209.......0
Natwest Credit Card............500.......10........0
Natwest overdraft..............1250......0.........0
Mint credit card...............1700......0.........0
Egg credit card................1250......0.........0
RBS Credit card................400.......0.........0
Virgin Credit Card.............2700......0.........0
Halifax Overdraft..............1000......0.........0
barclays Overdraft.............750.......0.........0
Total unsecured debts..........19550.....219.......-

Monthly Budget Summary
Total monthly income.................... 1,050
Expenses (including HP & secured debts). 1,177.93
Available for debt repayments........... -127.93
Monthly UNsecured debt repayments....... 219
Amount short for making debt repayments. -346.93
Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -19,550
Net Assets.............................. -19,550
Created using the SOA calculator at
Reproduced on Moneysavingexpert with permission, using IE browser.

I have highlighted what OR generally allows, internet has to come out of any surplus try for £250m for groceries.

Sizzler:)

Sunnylooloo

Hi

someone will go through things properly with you but I don't think you are allowed money for entertainment or presents, but you are allowed a small amount for a holiday.

Things like sky would have to come out of your surplus if you wanted to keept it and others have already said about your phone costs.

just a couple of things that i noticed but I am still quite new so someone else will go though it in more detail

Good luck with it all

Sunnylooloo

sizzler wrote: »

I have highlighted what OR generally allows, internet has to come out of any surplus try for £250m for groceries.

Sizzler:)

Sizz you are so quick!:D

xx

dojoman

ThaNinja wrote: »

Thanks for your reply, Hopefully this works

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................ 1050
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1050
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 375
Management charge (leasehold property).. 0
Council tax............................. 119
Electricity............................. 35
Gas..................................... 42
Oil..................................... 0
Water rates............................. 34.61
Telephone (land line)................... 11
Mobile phone............................ 45 INCLUDE IN YOUR LAND LINE AMOUNT
TV Licence.............................. 12.12
Satellite/Cable TV...................... 70 Not allowed
Internet Services....................... 10 Only allowed if necessary for work/study
Groceries etc. ......................... 200
Clothing................................ 50
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 60
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 7.2
Pet insurance/vet bills................. 0
Buildings insurance..................... 15
Contents insurance...................... 10
Life assurance ......................... 0
Other insurance......................... 12
Presents (birthday, christmas etc)...... 20 NOT ALLOWED
Entertainment........................... 40 NOT ALLOWED
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1177.93

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
Natwest Loan...................10000.....209.......0
Natwest Credit Card............500.......10........0
Natwest overdraft..............1250......0.........0
Mint credit card...............1700......0.........0
Egg credit card................1250......0.........0
RBS Credit card................400.......0.........0
Virgin Credit Card.............2700......0.........0
Halifax Overdraft..............1000......0.........0
barclays Overdraft.............750.......0.........0
Total unsecured debts..........19550.....219.......-

Monthly Budget Summary
Total monthly income.................... 1,050
Expenses (including HP & secured debts). 1,177.93
Available for debt repayments........... -127.93
Monthly UNsecured debt repayments....... 219
Amount short for making debt repayments. -346.93
Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -19,550
Net Assets.............................. -19,550
Created using the SOA calculator at
Reproduced on Moneysavingexpert with permission, using IE browser.

Hope this helps?

sizzler

:)please add £30 a month for holiday. Its moving figures around really

sizzler

dojoman

Too quick for me again sizzler

The only thing I would mention is that you still have a deficit on your SOA with your present figures!

Sunnylooloo

Can i just ask if you are renting how come you are paying buildings insurance?

Sunnylooloo

O and are you getting single person's allowance now on your council tax??