Bankruptcy household expenses - And what you think of my SOA linked to my BKY

Mike_St_Helens

Ive done our Expenses per month and would kike to see if you all think they are OK...

Mortgage £395.00
Council Tax £120.00
Building Insurance £25.00
Gas £40.00
Electricity £40.00
Water £30.00
Christmas / Bday / Hols £60.00
TV Licence £12.00
Telephone/PAYG Mobile £45.00
Road Tax/MOT £20.00
Car Insurance £40.00
Petrol/Oil/Diesel £200.00
Car Maintenance £30.00
Breakdown Cover £3.50
Food/\Household Goods £320.00
Clothing/Footwear £40.00
Haircuts £20.00
Prescriptions £15.00
Dentist/Prescriptions/Glasses £15.00
Pets £25.00
Total Expenditure £1,495.50
Total Income £2,000.00

Available Surplus £504.50 (OR will take 50% of this I think)

hitch_2

At £500 surplus you will have to pay 70% See

http://www.debtquestions.co.uk/debt_forum/viewtopic.php?t=9679

You should read all of the posts re Bankruptcy on that forum, very informative
http://www.debtquestions.co.uk/debt_forum/

Mike_St_Helens

Hey thanks Hitch... To be honest im not bothered about the amount they take from disposable. When we were with payplan we had to put 100% of disposable in .... Thats a dead good site. Thanks.

Mike_St_Helens

http://www.debtquestions.co.uk/debt_forum/

This is a great thread. True bare and raw questions and answerd.

Thanks

hitch_2

Glad you found it useful, I ended up reading all the threads and was able to pick up a lot of info.

Mike_St_Helens

How was your experience hitch?

hitch_2

After reading the DQ forum I upped my household and car expenditure by 25% - this was not challenged by OR, I read somewhere on the forum that they do not query household expenses if they are uder £430 per month, so I pitched it at that level. Pre Bankruptcy I was expecting an IPA of £200 - £300 per month, ended up with £Nil.
Make sure you follow their Bank Account threads, i signed up for a Coop Cashminder Account the day after I was declared BR and it was opened within a week.
I was declared Bankrupt in June, as you will read on DQ it is a total weight released, there is nothing to fear from OR, especially if you help them by bringing all the relevant info they need, I have heard nothing from them since my interview. I could be discharged in 4 or 5 months, I am planning for Post Bankruptcy.