Please help with SOA

beentheredonethatstilhere

I would also ring National Debtline tomorrow as well and get a second opinion on what the CAB has told you. I am concerned about their advice re: your pension, they may well be right but a second opinion never hurt anyone.

Website: National Debtline Telephone: 0808 808 4000

colin8

Thank you for all of your advice regarding my pension. I contacted National Debtline today and they have advised to keep paying into the pension. So based on my previous income figure and other advice I have received on this thread, please see below revised SOA.

Household Information
Number of adults in household........... 2
Number of children in household......... 1
Number of cars owned.................... 2

Monthly Income Details
Monthly income after tax................ 994
Partners monthly income after tax....... 0
Benefits................................ 732
Other income............................ 0
Total monthly income.................... 1726

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 600
Management charge (leasehold property).. 0
Council tax............................. 130
Electricity............................. 40
Gas..................................... 40
Oil..................................... 0
Water rates............................. 38
Telephone (land line)................... 65 (advised to include landline here and my own mobile only, should come to £45 and £28 (Total £73) but obviously we cannot include this can we?)
Mobile phone............................ 0
TV Licence.............................. 13
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 433
Clothing................................ 50
Petrol/diesel........................... 130
Road tax................................ 19
Car Insurance........................... 21
Car maintenance (including MOT)......... 35
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 20
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 0
Entertainment........................... 0
Holiday................................. 60
Emergency fund.......................... 0
Total monthly expenses.................. 1694

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 500
Other assets............................ 0
Total Assets............................ 500

No Secured nor Hire Purchase Debts

Unsecured Debts[/b]
Description....................Debt......Monthly...APR
Total debt.....................26631.....129.......0
Total unsecured debts..........26631.....129.......-

Monthly Budget Summary
Total monthly income.................... 1,726
Expenses (including HP & secured debts). 1,694
Available for debt repayments........... 32
Monthly UNsecured debt repayments....... 129
Amount short for making debt repayments. -97

Personal Balance Sheet Summary
Total assets (things you own)........... 500
Total HP & Secured debt................. -0
Total Unsecured debt.................... -26,631
Net Assets.............................. -26,131


Please offer any advice you feel will help. My court date is Thursday morning.. feeling very nervous.

One last question that I have (well for now, anyway..) is that I found a forum message dating back a few years that commented about housing benefit. Once you are bankrupt I understand that you do not pay tax, but you will need to pay what you would have been paying in tax to the OR. Now from this older forum message apparently once they had notified the Council that they were not paying tax, the Council took this to be more income and then they were no longer entitled to housing benefit even though the money was going straight out again to the OR. This is a great concern and I would appreciate if anyone has heard of this happening or has experienced this?

A great thank you for all your advice so far..

beentheredonethatstilhere

I would drop the holiday and up groceries to £ 450-470 or so and get some contents insurance with accidental damage asap, £20 ish usually.