SOA - Please pick!!

monkeysallsayboo

Hi all

I am going bankrupt and just doing my SOA (obviously). My partners personal income is actually 1200 approx. do i put her income or her contribution on the form?

apart from that, how is the form?
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.................... 1
Monthly Income Details
Monthly income after tax................ 0
Partners monthly income after tax....... 1200
Benefits................................ 553
Other income............................ 0
Total monthly income.................... 1753
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 180
Rent.................................... 635
Management charge (leasehold property).. 0
Council tax............................. 116
Electricity............................. 42
Gas..................................... 100
Oil..................................... 0
Water rates............................. 35
Telephone (land line)................... 12
Mobile phone............................ 20
TV Licence.............................. 6
Satellite/Cable TV...................... 19
Internet Services....................... 7.5
Groceries etc. ......................... 260
Clothing................................ 30
Petrol/diesel........................... 100
Road tax................................ 13
Car Insurance........................... 38
Car maintenance (including MOT)......... 40
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 167
Other child related expenses............ 30
Medical (prescriptions, dentist etc).... 15
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 10
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 10
Haircuts................................ 20
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 20
Total monthly expenses.................. 1925.5

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

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 0........(0)........0
Hire Purchase (HP) debt ...... 8000.....(180)......0
Total secured & HP debts...... 8000......-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
Total unsecured debts..........0.........0.........-

Monthly Budget Summary
Total monthly income.................... 1,753
Expenses (including HP & secured debts). 1,925.5
Available for debt repayments........... -172.5
Monthly UNsecured debt repayments....... 0
Amount short for making debt repayments. -172.5
Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -8,000
Total Unsecured debt.................... -0
Net Assets.............................. -8,000
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.

thank you!!!

philnicandamy

monkeysallsayboo wrote: »

Hi all

I am going bankrupt and just doing my SOA (obviously). My partners personal income is actually 1200 approx. do i put her income or her contribution on the form?
apart from that, how is the form?

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.................... 1
Monthly Income Details
Monthly income after tax................ 0
Partners monthly income after tax....... 1000
Benefits................................ 888
Other income............................ 0
Total monthly income.................... 1888
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 180
Rent.................................... 635
Management charge (leasehold property).. 0
Council tax............................. 116
Electricity............................. 42
Gas..................................... 100
Oil..................................... 0
Water rates............................. 35
Telephone (land line)................... 12
Mobile phone............................ 20
TV Licence.............................. 6
Satellite/Cable TV...................... 19 would have to come from any surplus..NOT allowed usually so stick it with phone along with mobile as well ( your allowed up to £60 or so for "telephone"
Internet Services....................... 7.5 not allowed unless work/study use
Groceries etc. ......................... 260
Clothing................................ 40
Petrol/diesel........................... 100
Road tax................................ 13
Car Insurance........................... 38
Car maintenance (including MOT)......... 40
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 170
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 15
Pet insurance/vet bills................. 0 £25
Buildings insurance..................... 0
Contents insurance...................... 10 has this accidental damage cover?? something you need to look into really if anything needs replacements once damaged
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 15
Haircuts................................ 20
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 25 Not allowed
Total monthly expenses.................. 1923.5

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

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 0........(0)........0
Hire Purchase (HP) debt ...... 8000.....(180)......0
Total secured & HP debts...... 8000......-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
Total unsecured debts..........0.........0.........-

Monthly Budget Summary
Total monthly income.................... 1,888
Expenses (including HP & secured debts). 1,918.5
Available for debt repayments........... -35.5
Monthly UNsecured debt repayments....... 0
Amount short for making debt repayments. -35.5
Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -8,000
Total Unsecured debt.................... -0
Net Assets.............................. -8,000
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.


thank you!!!

just a few thoughts to start you off

dojoman

monkeysallsayboo wrote: »

Hi all

I am going bankrupt and just doing my SOA (obviously). My partners personal income is actually 1200 approx. do i put her income or her contribution on the form?

apart from that, how is the form?

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.................... 1
Monthly Income Details
Monthly income after tax................ 0
Partners monthly income after tax....... 1000
Benefits................................ 888
Other income............................ 0
Total monthly income.................... 1888
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 180 (WHAT IS THIS?)
Rent.................................... 635
Management charge (leasehold property).. 0
Council tax............................. 116
Electricity............................. 42
Gas..................................... 100 (SEEMS HIGH?)
Oil..................................... 0
Water rates............................. 35
Telephone (land line)................... 12
Mobile phone............................ 20 ( INCLUDE WITH LAND LINE )
TV Licence.............................. 6 (£12)
Satellite/Cable TV...................... 19 (NOT ALLOWED IN BR)
Internet Services....................... 7.5 (NOT ALLOWED UNLESS REQUIRED FOR WORK/STUDY)
Groceries etc. ......................... 260 (£400)
Clothing................................ 40
Petrol/diesel........................... 100
Road tax................................ 13
Car Insurance........................... 38
Car maintenance (including MOT)......... 40
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 170
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 15
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 10 (DOES THIS INCLUDE ACCIDENT DAMAGE?)
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 15 NOT ALLOWED
Haircuts................................ 20 (£25)
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 25 (NOT ALLOWED)
Total monthly expenses.................. 1923.5

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

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 0........(0)........0
Hire Purchase (HP) debt ...... 8000.....(180)......0
Total secured & HP debts...... 8000......-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
Total unsecured debts..........0.........0.........-

Monthly Budget Summary
Total monthly income.................... 1,888
Expenses (including HP & secured debts). 1,918.5
Available for debt repayments........... -35.5
Monthly UNsecured debt repayments....... 0
Amount short for making debt repayments. -35.5
Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -8,000
Total Unsecured debt.................... -0
Net Assets.............................. -8,000
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.


thank you!!!

You put her contribution to the household down. I have put some suggestions down but have noticed you have a deficit already so some of my figures only make that more.

monkeysallsayboo

the hp payment is for my car. but my partner actually pays for this. we want to keep the car and are going to explain that my partner is paying for it. so should i take it off the SOA asit will come out of my partners money??

thansk for help so far!

dojoman

You need to take it off, the OR would not allow it anyway.

monkeysallsayboo

Sorry to mess everyone about but i think i worked something out wrong to start with, then i have taken your comments into account. so could you check this and see what you think


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.................... 1
Monthly Income Details
Monthly income after tax................ 0
Partners monthly income after tax....... 900
Benefits................................ 787
Other income............................ 0
Total monthly income.................... 1687
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 635
Management charge (leasehold property).. 0
Council tax............................. 116
Electricity............................. 42
Gas..................................... 100
Oil..................................... 0
Water rates............................. 35
Telephone (land line)................... 50
Mobile phone............................ 0
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 400
Clothing................................ 40
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 170
Other child related expenses............ 30
Medical (prescriptions, dentist etc).... 15
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 15
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 25
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1685

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.................... 1,687
Expenses (including HP & secured debts). 1,685
Available for debt repayments........... 2
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 2
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.

thank you all so much!

dojoman

That looks OK to me

monkeysallsayboo

Thank you!

tigerfeet2006

I know you say your OH is paying the HP on the car but in who's name is the HP agreement? Who signed the paperwork? Is it really a HP agreement or a loan agreement? Please check the paper work.

wok_boy

If you can't find the original paperwork ask the finance company to send you a copy of the original agreement.

monkeysallsayboo

it is a hire purchase and it is my name. and i know there is a chance that even if the OR allows it, the company might terminate the agreement. but we would like to keep the car, and my OH does pay for all of it. also my OH is registered blind so we need the car, as public transport is almost impossible. and i will explain all this to the OR. the company wouldnt put the agreement in my partners name for a car, as she has no licence!