SOA check pls??

sazabaza1979

Statement of Affairs and Personal Balance Sheet
Monthly Income Details
Monthly income after tax................ 1154
Partners monthly income after tax....... 400
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1554
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 550
Management charge (leasehold property).. 0
Council tax............................. 100
Electricity............................. 40
Gas..................................... 40
Oil..................................... 0
Water rates............................. 30
Telephone (land line)................... 60
Mobile phone............................ 0
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 15
Groceries etc. ......................... 400
Clothing................................ 20
Petrol/diesel........................... 40
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 20
Car parking............................. 0
Other travel............................ 40
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 20
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 10
Life assurance ......................... 0
Other insurance......................... 15
Presents (birthday, christmas etc)...... 0
Haircuts................................ 20
Entertainment........................... 0
Holiday................................. 50
Emergency fund.......................... 0
Total monthly expenses.................. 1482

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
Mum Loan.......................1000......50........0
All debts......................12857.2...300.......0
Total unsecured debts..........13857.2...350.......-

Monthly Budget Summary
Total monthly income.................... 1,554
Expenses (including HP & secured debts). 1,482
Available for debt repayments........... 72
Monthly UNsecured debt repayments....... 350
Amount short for making debt repayments. -278

Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -13,857.2
Net Assets.............................. -13,857.2

My partner can only contribute £400 a month as he has had his hours cut and runs the car for his work.... does this look ok??

Thanks x

dojoman

How many people are in the property?

fredfedup

Looks fine to me. Would up clothes to £40 though.
fred

Sunnylooloo

Hi

do you not have car insurance?

x

beentheredonethatstilhere

sazabaza1979 wrote: »

Statement of Affairs and Personal Balance Sheet
Monthly Income Details
Monthly income after tax................ 1154
Partners monthly income after tax....... 400
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1554
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 550
Management charge (leasehold property).. 0
Council tax............................. 100
Electricity............................. 40
Gas..................................... 40
Oil..................................... 0
Water rates............................. 30
Telephone (land line)................... 60
Mobile phone............................ 0
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 15 Is this needed fir work? If not then it will have to come from surplus.
Groceries etc. ......................... 400
Clothing................................ 20 £40
Petrol/diesel........................... 40 as this is your partners expense, do not include it. He has to pay it from his money.
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 20 ditto
Car parking............................. 0
Other travel............................ 40 is it really this low?
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 20
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 10
Life assurance ......................... 0
Other insurance......................... 15 what is this?
Presents (birthday, christmas etc)...... 0
Haircuts................................ 20 £10 for just you.
Entertainment........................... 0
Holiday................................. 50
Emergency fund.......................... 0
Total monthly expenses.................. 1482

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
Mum Loan.......................1000......50........0
All debts......................12857.2...300.......0
Total unsecured debts..........13857.2...350.......-

Monthly Budget Summary
Total monthly income.................... 1,554
Expenses (including HP & secured debts). 1,482
Available for debt repayments........... 72
Monthly UNsecured debt repayments....... 350
Amount short for making debt repayments. -278

Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -13,857.2
Net Assets.............................. -13,857.2

My partner can only contribute £400 a month as he has had his hours cut and runs the car for his work.... does this look ok??

Thanks x

Hope this helps a little. Your partner must pay his own expenses and can not have them on your SOA. If he can't afford the car on what he has left after he has given you housekeeping he may need to reduce the housekeeping but the OR may ask for proof of his earnings and outgoings as he is contributing so little anyway so be prepared for that. I am assuming it is just you going bankrupt and you do not have any children.

A small minority of OR's will allow presents/emergancy fund so it might be worth sticking a tenner each on them and seeing.

sazabaza1979

dojoman wrote: »

How many people are in the property?

2 people...

Thanks

sazabaza1979

beentheredonethatstilhere wrote: »

Hope this helps a little. Your partner must pay his own expenses and can not have them on your SOA. If he can't afford the car on what he has left after he has given you housekeeping he may need to reduce the housekeeping but the OR may ask for proof of his earnings and outgoings as he is contributing so little anyway so be prepared for that. I am assuming it is just you going bankrupt and you do not have any children.

A small minority of OR's will allow presents/emergancy fund so it might be worth sticking a tenner each on them and seeing.

Yes it is just me going BR not my partner, no children.... I dont want my partner involved at all as it is my stupid mess!! I give him diesel money as we use the car of a weekend... oh god I dont know what to do now...

I will amend and re-post, this SOA is really starting to stress me out now

sazabaza1979

Statement of Affairs and Personal Balance Sheet[/b]
Monthly Income Details
Monthly income after tax................ 1153
Partners monthly income after tax....... 400
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1553
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 550
Management charge (leasehold property).. 0
Council tax............................. 100
Electricity............................. 40
Gas..................................... 40
Oil..................................... 0
Water rates............................. 30
Telephone (land line)................... 60
Mobile phone............................ 0
TV Licence.............................. 13
Satellite/Cable TV...................... 0
Internet Services....................... 15 for work use
Groceries etc. ......................... 400
Clothing................................ 40
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 60 bus pass for work
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 20
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 10
Life assurance ......................... 0
Other insurance......................... 15 mobile phone ins.
Presents (birthday, christmas etc)...... 0
Haircuts................................ 10
Entertainment........................... 0
Holiday................................. 50
Emergency fund.......................... 0
Total monthly expenses.................. 1453

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
Mum Loan.......................1000......50........0
Debts..........................11857.2...300.......0
Total unsecured debts..........12857.2...350.......-

Monthly Budget Summary
Total monthly income.................... 1,553
Expenses (including HP & secured debts). 1,453
Available for debt repayments........... 100
Monthly UNsecured debt repayments....... 350
Amount short for making debt repayments. -250
Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -12,857.2
Net Assets.............................. -12,857.2

Is this any better? Thanks

Sunnylooloo

Hi I will give you a little bump up

not sure about the mobile phone insurance but don't worry some will be able to help.

All I can say I know it seems frightening and stressful but at least you are now broaching your problem. Good luck.

x

NJW69

The only thing that jumps out is the £400 grocery bill.

If you look at the Grocery Challenge thread I'm sure you will get some good ideas about how to reduce this considerably.

Since January I've reduced my spend from £350 to £200 for three adults.

philnicandamy

this soa will differ...as its for bankruptcy the figures are different