Advice Needed

dojoman

jmp00 wrote: »

Been there, seen the film and worn the T-shirt!

If you waste time going to places like CAB you'll waste your energy and simply get flustered, confused and worn out. As long as you are prepared to lose INSTANTLY any assetts you hold ie cars, mobile phones, computers etc. (not home goods like furniture tools clothing personal items, care items - then do yourself a favour, stop wasting time, paying interest to credit card companies and above all, leave the worry and stress behind.

You'll have one trip to the Official Receivers office where you will make a statement regarding finances and then walk away. If anybody knocks on your door for a debt, just say speak to the official receiver and they run scared!!

After which, go out and get a savings account at the co-op bank (or the post office) because you will not be able to get anything else for a while. You can apply again for credit cards in 2 years.

PS don't be intimidated or go 'cloth cap in hand' to the official receivers, they are civil servants, nothing more. They are no better than you and I

One final thing, £17,000 isn't a lot to go bankrupt for, perhaps it might be better to have a cruise or two first - although if you do it after reading it would be fraud if you were ever found out )

Mike. Ex bankrupt

PS I joined this forum just to give you this advice and I don't know how to get messages back and forth with anyone who might disagree so I guess, this is all I can do. I hope I at least make you a little more sure of yourself when dealing with your problem. Now, break out the champagne before you book your cruise AND STOP PAYING INTEREST!! Life's far too short and you die if you worry, you die if you don't ...so why worry!

What a load of twaddle, where on earth did you get your facts? as they are nearly all WRONG. Looks like another troll has ventured from under their rock!

steve9856

Household Information[/b]
Number of adults in household........... 2
Number of children in household......... 0
Number of cars owned.................... 0

Monthly Income Details
Monthly income after tax................ 0
Partners monthly income after tax....... 714.2
Benefits................................ 212.4
Other income............................ 0
Total monthly income.................... 926.6

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 147.28
Management charge (leasehold property).. 0
Council tax............................. 0
Electricity............................. 66
Gas..................................... 66
Oil..................................... 0
Water rates............................. 23.49
Telephone (land line)................... 35
Mobile phone............................ 35
TV Licence.............................. 12.29
Satellite/Cable TV...................... 48
Internet Services....................... 0
Groceries etc. ......................... 250
Clothing................................ 40
Petrol/diesel........................... 40
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 10.79
Presents (birthday, christmas etc)...... 0
Haircuts................................ 0
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
D.L.A. Payments for care and mobility... 484.96
Total monthly expenses.................. 1258.81


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
paypal.........................1378.37...40.79.....0
mint...........................473.15....10........0
barclays.......................408.9.....10........0
marks and spencer..............547.35....13.68.....0
mbna...........................346.97....25........0
halifax........................8616.79...86.16.....0
egg............................667.89....10........0
barclays.......................3683.82...82.88.....0
barclays.......................1222.9....27.51.....0
Total unsecured debts..........17346.14..306.02....-


Monthly Budget Summary
Total monthly income.................... 926.6
Expenses (including HP & secured debts). 1,258.81
Available for debt repayments........... -332.21
Monthly UNsecured debt repayments....... 306.02
Amount short for making debt repayments. -638.23

Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -17,346.14
Net Assets.............................. -17,346.14

Hi This is my S.O.A. can you nice peaple give it the once over........Steve

script

Steve,

There are some brilliant people who can analysise SOA's.

Unfortunately I'm not one of them - but they they will help you soon.

P.S - Sorry the DRO wasn't applicable but as I mentioned you'll get all the help you need preparing and doing your B/R.

fatbelly

jmp00 wrote: »

If you waste time going to places like CAB you'll waste your energy and simply get flustered, confused and worn out.

You assume the CAB wouldn't recommend and support people to petition for bankruptcy if that was the most appropriate strategy?

You are completely wrong.

But thanks for posting and welcome to the forums