Allowances when i bankruptcy

ThaNinja

I rent off my mother, its basically 600 all in, I only put a breakdown because thats what it asked for... and no she can't help, otherwise this would have been sorted by now.

yes just applied for single council tax allowance

thanks for replies so far

ThaNinja

dojoman wrote: »

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!

rather than buying the everyday things a normal person would be doing, Ive pretty much gambled every penny away, at the beginning of the thread

- I havent been going out
- I havent been socialising at all
- Ive split up with my girlfriend
- I havent really been buying any new food, living off existing stocks

yeah, which is why the feelign of hopelessness has been closing in

Rob

Sunnylooloo

Rob

you are doing ok you are facing your problems and no one is here to judge at all, just try to help and please ask as many questions as you need to - I'm still really new here but there are some great people here that can advise.

ThaNinja

Sunnylooloo wrote: »

Rob

you are doing ok you are facing your problems and no one is here to judge at all, just try to help and please ask as many questions as you need to - I'm still really new here but there are some great people here that can advise.

Thank you sunny, its nice to know I'm not alone!

confused76

hi Rob fully agree with sunnylooloo you're doing the right thing by trying to sort it out and seek help so ask away...

Doucam

Hi Rob, nothing to add to what the others have said, just wanted to say welcome and you have come to the right place to get help x

ThaNinja

thanks guys and gals!

I basically just need to know what steps do i take forward now, after having no response at all from ym IVA (it seems like they really dont care at all - but why should they I suppose) Ive wrote to them today to find out whats going on (as the phone is getting me nowhere)

Looking at my finances, I think bankruptcy is the safest bet, I took the IVA out from a moral point of view because with Having zero assets, its viable... Im getting help with the gambling now and the doctor has put me back on medication for my depression today, I feel such a failure for havign to do it but well... ya know!

I just need to know what steps i take now, I know the costs are going up next week, as long as i keep myself clean from gambling and call in a favour from work it should be ok, hopefully, I just thought I knew this whole thing inside out but it turns out I dont really know anything at all! :cool:

Rob

dojoman

If you look at the advice given both by sizzler and myself in regards to your SOA, I would say it looks OK. As far as your IVA is concerned you will need a certificate of failure from your IVA company, and as you have missed (or will be ) 3 payments then you should be able to get one.

Any more questions, just ask away, there is usually someone around to help or advise.

miss_spooky

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 40
Oil..................................... 0
Water rates............................. 34.61 35
Telephone (land line)................... 11
Mobile phone............................ 45 Put in with above
TV Licence.............................. 12.12
Satellite/Cable TV...................... 70 Will need to go
Internet Services....................... 10 Comes out of any surplus
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 8
Pet insurance/vet bills................. 0
Buildings insurance..................... 15
Contents insurance...................... 10
Life assurance ......................... 0
Other insurance......................... 12
Presents (birthday, christmas etc)...... 20 Not allowed
Haircuts................................ 10
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.

Hi ya,

Welcome to the board. As Sizzler & Dojoman have already said you are still showing a deficit, I had a quick add up & if you make the above changes your outgoings will come in at £1047 leaving you with a £3 surplus.

You can only put in for holiday & things if you have the income in the first instance, but without the sky you are just about breaking even.

Hope everything works out for you & wish you all the best.