Advice please - Bankruptcy - SOA

[Deleted User]

Thanks
Nope - water doesn't include arrears just our bill rate for the year....oh actually thats only paid for 8 months though so will split it in to 12 so should be £32 instead.

Can anybody tell me anything about the meeting you have to have with the OR...am dreading this, is it just me and them, what do they ask?

fiveyearplan

The OR interview is usually over the phone (although mine was in person). They will want to go over your SOA and maybe your reasons for going bankrupt, they will want to know if you have any assets (cars, expensive antiques etc.) that they can sell etc. Its nothing to be nervous of, just be truthful.

julietormesby

noodle84 wrote: »

Hi...am taking the plunge and making my self bankrupt this year...finally! My partner has just started a new job and I am currently staying at home with our son who is 2. Just wondering if people could give me their opinions on the SOA below...not sure what allowances I am allowed to put down...I currently have about £40k of debt and have been on and off with arrangements for a few years now. The Telephone charge is a package with Telephone/Internet/Tv and is a neccesity as OH's daughter lives abroad so we have a court order stating contact arrangements via phone and skype. Haven't included any dental,haircuts,birthdays etc yet as do not know what I am allowed to put?? Any help greatly appreciated!!

Thanks

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 1
Number of cars owned.................... 0
Monthly Income Details
Monthly income after tax................ 1500
Partners monthly income after tax....... 0
Benefits................................ 124
Other income............................ 0
Total monthly income.................... 1624
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 475
Management charge (leasehold property).. 0
Council tax............................. 70
Electricity............................. 50
Gas..................................... 80
Oil..................................... 0
Water rates............................. 48
Telephone (land line)................... 42
Mobile phone............................ 10
TV Licence.............................. 11
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 350
Clothing................................ 25
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 100
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 11
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 0
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
maintenence............................. 160
Total monthly expenses.................. 1432

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.................... 1,624
Expenses (including HP & secured debts). 1,432
Available for debt repayments........... 192
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 192
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.

I take it that it is just YOU that intend going bankrupt. In which case your SOA should be on YOUR Income and obviously a contribution to the general living costs i.e. gas electricity food etc. included as expenditure.

[Deleted User]

julietormesby wrote: »

I take it that it is just YOU that intend going bankrupt. In which case your SOA should be on YOUR Income and obviously a contribution to the general living costs i.e. gas electricity food etc. included as expenditure.

I don't actually have any income of my own as I am not working, I get child benefit and child tax credits but they are in both mine and partners name??

beentheredonethatstilhere

Don't worry Noodles, what you have been advised to do earlier is the way to go. Your SOA looks fine.