Question about SOA

Icondetail

(SOA ON POST NO. 4)


i have my appointment for BR on friday but i am unsure about my SOA. the situation is that i am currently having my home repossessed and when i have to leave it i will be moving in with my partner (i am assuming within a month or so)

Should i put the outgoings as if i was paying the mortgage etc on my home or should i put the outgoings from when i will be sharing my partners home(even though i am not there yet)

thanks

tigerfeet2006

It should be as you are at this present moment in time, paying the mortgage etc. When you move in with your OH then you should submit a new SoA to the OR, some one will help you with that.

Of you want any one to check your present one over then pop it up in a thread.

http://www.makesenseofcards.co.uk/soacalc.html

Icondetail

thanks i'll post it up shortly to let someone have a look over it

Icondetail

Heres my current SOA.

Brief history:
entered into an IVA in dec 2008 in an attempt to repay my debts, made redundant after 9 years service in mar 2009, IVA failed earlier this year as i was unable to find work. Started work full time earlier this month but on £7000 less a year so IVA not possible again. Also all household bills have spiralled out of control in the last year. got court hearing about repossession 16th august but will be moving in with my partner when i lose the house

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 1
Number of children in household.........
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1200
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1200
Monthly Expense Details
Mortgage................................ 233
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 80
Electricity............................. 40
Gas..................................... 40
Oil..................................... 0
Water rates............................. 20
Telephone (land line)................... 17
Mobile phone............................ 40
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 160
Clothing................................ 40
Petrol/diesel........................... 180
Road tax................................ 18
Car Insurance........................... 47
Car maintenance (including MOT)......... 20
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 20
Pet insurance/vet bills................. 20
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 20
Haircuts................................ 8
Entertainment........................... 20
Holiday................................. 40
Emergency fund.......................... 0
Total monthly expenses.................. 1075

Assets
Cash.................................... 0
House value (Gross)..................... 90000
Shares and bonds........................ 0
Car(s).................................. 325
Other assets............................ 0
Total Assets............................ 90325

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 81000....(233)......5
Total secured & HP debts...... 81000.....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
natwest........................19670.....0.........0
hbos...........................9997......0.........0
egg............................1755......0.........0
gas/elec.......................350.......0.........0
water..........................200.......0.........0
ccj............................1750......0.........0
max recovery...................8081......0.........0
Total unsecured debts..........41803.....0.........-

Monthly Budget Summary
Total monthly income.................... 1,200
Expenses (including HP & secured debts). 1,075
Available for debt repayments........... 125
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 125
Personal Balance Sheet Summary
Total assets (things you own)........... 90,325
Total HP & Secured debt................. -81,000
Total Unsecured debt.................... -41,803
Net Assets.............................. -32,478

tigerfeet2006

Icondetail wrote: »

Heres my current SOA.

Brief history:
entered into an IVA in dec 2008 in an attempt to repay my debts, made redundant after 9 years service in mar 2009, IVA failed earlier this year as i was unable to find work. Started work full time earlier this month but on £7000 less a year so IVA not possible again. Also all household bills have spiralled out of control in the last year. got court hearing about repossession 16th august but will be moving in with my partner when i lose the house

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 1
Number of children in household.........
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1200
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1200
Monthly Expense Details
Mortgage................................ 233
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 80
Electricity............................. 40
Gas..................................... 40
Oil..................................... 0
Water rates............................. 20
Telephone (land line)................... 17
Mobile phone............................ 40 put in with land line max £50
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 160 £200
Clothing................................ 40
Petrol/diesel........................... 180
Road tax................................ 18
Car Insurance........................... 47
Car maintenance (including MOT)......... 20 £40
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 20
Pet insurance/vet bills................. 20
Buildings insurance..................... 0 is this included in your mortgage payment?
Contents insurance...................... 0 you really should get some contents insurance with accidental damage. Make sure it will cover you when you move your stuff to.
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 20 most OR's won't allow but you could leave and see.
Haircuts................................ 8 £10
Entertainment........................... 20 definatly not allowed.
Holiday................................. 40 £25
Emergency fund.......................... 0
Total monthly expenses.................. 1075

Assets
Cash.................................... 0
House value (Gross)..................... 90000
Shares and bonds........................ 0
Car(s).................................. 325
Other assets............................ 0
Total Assets............................ 90325

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 81000....(233)......5
Total secured & HP debts...... 81000.....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
natwest........................19670.....0.........0
hbos...........................9997......0.........0
egg............................1755......0.........0
gas/elec.......................350.......0.........0
water..........................200.......0.........0
ccj............................1750......0.........0
max recovery...................8081......0.........0
Total unsecured debts..........41803.....0.........-

Monthly Budget Summary
Total monthly income.................... 1,200
Expenses (including HP & secured debts). 1,075
Available for debt repayments........... 125
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 125
Personal Balance Sheet Summary
Total assets (things you own)........... 90,325
Total HP & Secured debt................. -81,000
Total Unsecured debt.................... -41,803
Net Assets.............................. -32,478

Is your car insurance fully comp? If not get it. Do you have breakdown cover? If not then get some. Do you wear suits to work? Dry cleaning £10. Do you pay union fees?

Icondetail

buildings and contents insurance is in with the mortgage. car insurance is already fully comp. will add in dry cleaning, breakdown cover is paid up already but i'll add it in for next time.

Thanks for all your help, i'll be back when i need someone to review my reasons for bankruptcy

Roll on friday:beer:

Trom

What tigerfeet said all looks good, except I was allowed £40 holidays. Could leave it and see.