help with br soa..
Options
frank1
Posts: 24 Forumite
hi,i have been adviced by cccs that my best option is to go bankrupt.i'm now filling out the forms online and am having trouble with a few things:(
here is my soa,could you go over it to make sure it is ok (i've jiggled a few things from my cccs one to make if a bit more o.r friendly)
on the forms 7.1 it says If there are other essential payments, provide details of these payments.do i put all the other stuff in there (car tax,hair cuts,holiday etc etc) with the £ amounts.i did try this but they only give give you a max of 200 words!!!
many more questions to come and thank you all for any advice.:)
Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 2
Number of cars owned.................... 1
Monthly Income Details[/b]
Monthly income after tax................ 1500
Partners monthly income after tax....... 150
Benefits................................ 186
Other income............................ 0
Total monthly income.................... 1836
Monthly Expense Details[/b]
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 363
Management charge (leasehold property).. 0
Council tax............................. 112
Electricity............................. 125
Gas..................................... 0
Oil..................................... 0
Water rates............................. 41
Telephone (land line)................... 70
Mobile phone............................ 0
TV Licence.............................. 13
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 440
Clothing................................ 27
Petrol/diesel........................... 150
Road tax................................ 16
Car Insurance........................... 11
Car maintenance (including MOT)......... 10
Car parking............................. 10
Other travel............................ 0
Childcare/nursery....................... 20
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 120
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 11
Presents (birthday, christmas etc)...... 0
Haircuts................................ 35
Entertainment........................... 0
Holiday................................. 70
Emergency fund.......................... 0
Total monthly expenses.................. 1644
Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 1400
Other assets............................ 0
Total Assets............................ 1400
No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
overdraft......................700.......0.........0
loan...........................10263.....0.........0
loan...........................7534......0.........0
overdraft......................2500......0.........0
cc.............................2180......0.........0
cc.............................5600......0.........0
Total unsecured debts..........28777.....0.........
Monthly Budget Summary
Total monthly income.................... 1,836
Expenses (including HP & secured debts). 1,644
Available for debt repayments........... 192
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 192
Personal Balance Sheet Summary
Total assets (things you own)........... 1,400
Total HP & Secured debt................. -0
Total Unsecured debt.................... -28,777
Net Assets.............................. -27,377
here is my soa,could you go over it to make sure it is ok (i've jiggled a few things from my cccs one to make if a bit more o.r friendly)
on the forms 7.1 it says If there are other essential payments, provide details of these payments.do i put all the other stuff in there (car tax,hair cuts,holiday etc etc) with the £ amounts.i did try this but they only give give you a max of 200 words!!!
many more questions to come and thank you all for any advice.:)
Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 2
Number of cars owned.................... 1
Monthly Income Details[/b]
Monthly income after tax................ 1500
Partners monthly income after tax....... 150
Benefits................................ 186
Other income............................ 0
Total monthly income.................... 1836
Monthly Expense Details[/b]
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 363
Management charge (leasehold property).. 0
Council tax............................. 112
Electricity............................. 125
Gas..................................... 0
Oil..................................... 0
Water rates............................. 41
Telephone (land line)................... 70
Mobile phone............................ 0
TV Licence.............................. 13
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 440
Clothing................................ 27
Petrol/diesel........................... 150
Road tax................................ 16
Car Insurance........................... 11
Car maintenance (including MOT)......... 10
Car parking............................. 10
Other travel............................ 0
Childcare/nursery....................... 20
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 120
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 11
Presents (birthday, christmas etc)...... 0
Haircuts................................ 35
Entertainment........................... 0
Holiday................................. 70
Emergency fund.......................... 0
Total monthly expenses.................. 1644
Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 1400
Other assets............................ 0
Total Assets............................ 1400
No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
overdraft......................700.......0.........0
loan...........................10263.....0.........0
loan...........................7534......0.........0
overdraft......................2500......0.........0
cc.............................2180......0.........0
cc.............................5600......0.........0
Total unsecured debts..........28777.....0.........
Monthly Budget Summary
Total monthly income.................... 1,836
Expenses (including HP & secured debts). 1,644
Available for debt repayments........... 192
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 192
Personal Balance Sheet Summary
Total assets (things you own)........... 1,400
Total HP & Secured debt................. -0
Total Unsecured debt.................... -28,777
Net Assets.............................. -27,377
0
Comments
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hi,i have been adviced by cccs that my best option is to go bankrupt.i'm now filling out the forms online and am having trouble with a few things:(
here is my soa,could you go over it to make sure it is ok (i've jiggled a few things from my cccs one to make if a bit more o.r friendly)
on the forms 7.1 it says If there are other essential payments, provide details of these payments.do i put all the other stuff in there (car tax,hair cuts,holiday etc etc) with the £ amounts.i did try this but they only give give you a max of 200 words!!!
many more questions to come and thank you all for any advice.:)
Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 2
Number of cars owned.................... 1
Monthly Income Details[/b]
Monthly income after tax................ 1500
Partners monthly income after tax....... 150
Benefits................................ 186
Other income............................ 0
Total monthly income.................... 1836
Monthly Expense Details[/b]
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 363
Management charge (leasehold property).. 0
Council tax............................. 112
Electricity............................. 125 does this include arrears?
Gas..................................... 0
Oil..................................... 0
Water rates............................. 41
Telephone (land line)................... 70 £60
Mobile phone............................ 0
TV Licence.............................. 13
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 440 £500
Clothing................................ 27 £120
Petrol/diesel........................... 150
Road tax................................ 16
Car Insurance........................... 11
Car maintenance (including MOT)......... 10
Car parking............................. 10
Other travel............................ 0
Childcare/nursery....................... 20
Other child related expenses............ 0 How old are the children? £5 per week per child for activies.
Medical (prescriptions, dentist etc).... 120 £30
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0 You NEED to get yourself some with accidental damage.
Life assurance ......................... 0
Other insurance......................... 11 what is this?
Presents (birthday, christmas etc)...... 0
Haircuts................................ 35 £30
Entertainment........................... 0
Holiday................................. 70
Emergency fund.......................... 0
Total monthly expenses.................. 1644
Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 1400
Other assets............................ 0
Total Assets............................ 1400
No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
overdraft......................700.......0.........0
loan...........................10263.....0.........0
loan...........................7534......0.........0
overdraft......................2500......0.........0
cc.............................2180......0.........0
cc.............................5600......0.........0
Total unsecured debts..........28777.....0.........
Monthly Budget Summary
Total monthly income.................... 1,836
Expenses (including HP & secured debts). 1,644
Available for debt repayments........... 192
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 192
Personal Balance Sheet Summary
Total assets (things you own)........... 1,400
Total HP & Secured debt................. -0
Total Unsecured debt.................... -28,777
Net Assets.............................. -27,377
some figures to play with.BSCno.87The only stupid question is an unasked oneLoving life as a Kernow Hippy0 -
thankyou for the reply tigerfeet,the electric is £125 because i only have electric in the house and are running night storage heaters which cost a fortune in the winter (i have 7 big ones!),there are no arrears.the £11 other insurance is my monthly work union fee.i will change the rest which you have adviced and re do a soa tonight.
anyone have any ideas about my other question:
on the forms 7.1 it says If there are other essential payments, provide details of these payments.do i put all the other stuff in there (car tax,hair cuts,holiday etc etc) with the £ amounts.i did try this but they only give give you a max of 200 words!!!
thankyou thankyou thankyou your advice means alot to me.0 -
anyone have any ideas about my other question:
on the forms 7.1 it says If there are other essential payments, provide details of these payments.do i put all the other stuff in there (car tax,hair cuts,holiday etc etc) with the £ amounts.i did try this but they only give give you a max of 200 words!!!
thankyou thankyou thankyou your advice means alot to me.
It's been a while now, but I remember having the same issue, did just manage to word mine to get it in, but if I remember right, you do have section 13 I think it is for extra comments for any questions right at the end of the forms, could always write in the box 'continued in section 13' then write it all up in there.
Hope that helps
BSC #300
Slowly getting there..thanks to all the help on here
BR Sept 2009 - ED March 20100
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