Help Please, Im Bankrupt and didnt Know!!

tigerfeet2006

Confused I would lay odds on that BryanAdams is American We don't use the word Attorney over here that often . I'm sure tech will sort him out and explain we are a british site.

rhodod

Seems a right nightmare mate. Hopefully you will get it all sorted and get on with your life and your family

Fingers crossed for you

confused?

SOA Removed, BY Confused?

confused?

rhodod wrote: »

Seems a right nightmare mate. Hopefully you will get it all sorted and get on with your life and your family

Fingers crossed for you

Deffo nightmare mate just seem to get letters from people wanting to sell iva's
Sometimes I wonder why I even bother going to work in a morning. Then I look at the cot at the side of my missus and it gives me a reason not to drive my car through lowells front window.....

confused?

tigerfeet2006 wrote: »

Confused I would lay odds on that BryanAdams is American We don't use the word Attorney over here that often . I'm sure tech will sort him out and explain we are a british site.

Suppose the guys only tying to give his input. :-)

I've managed to sort out that thingy (income jobby) you And miss spooky asked me to put on.

Much appreciated for your help.

We need 2 cars as I work miles away from home. Hence the high fuel costs.
I also pay for everything as my missus gets v little income. We have phones for work purposes but can't claim it back.

ampersand

Bonjour confused -have pm'd you.
Good to see your SOA posted - I know some of the hotshots here will be along soon to help[might ask fermi to have a look if poss. or point us in someone else's direction]

An evil woman thought - wonder if BrianAdam45 is a spammer[newbie, 1st post], about to offer you b/r help at a price you CAN[and will,of course]refuse?:D

Having just found your SOA, I see £400 and £100 for grox and child-related expenses. Does this mean nappies? If you can#t persuade yourselves to washable nappies, this stage won't last forever. For grox, there are loads of threads to help reduce that £400. You shouldn't need anything like that, while still being able to live well, with wine, with NICE.
This comes weekly:
mySupermarket.co.uk

There'll be more, but that's the first one that jumps out at me.
Hope tigerfeet has successfully pm'd that other msers for you.

Now, go and put kettle on - we'll all have a virtual cuppa with you.
I've brought my own Lapsang Souchong teabag with me:D

debtinfo

Have you got contacted the creditor to get their account of how the SD and petition was served yet, that is what you really need. As to your points about him not telling you who he was i would raise a couple of points, You say he wasent from the creditor the first time, it is quite normal for them to use a firm of process servers. The second time he said he was from the court, are you sure he didnt say he was delivering somethng from the court which if it was the petition is accurate. It is not supprising that there are communication issues if you were ushering him of your properties. Did you say you were the debtor, if you denied it then they would be within their rights to ask the court to serve by post rather than personally

confused?

ampersand wrote: »

Bonjour confused -have pm'd you.
Good to see your SOA posted - I know some of the hotshots here will be along soon to help[might ask fermi to have a look if poss. or point us in someone else's direction]

An evil woman thought - wonder if BrianAdam45 is a spammer[newbie, 1st post], about to offer you b/r help at a price you CAN[and will,of course]refuse?:D

Having just found your SOA, I see £400 and £100 for grox and child-related expenses. Does this mean nappies? If you can#t persuade yourselves to washable nappies, this stage won't last forever. For grox, there are loads of threads to help reduce that £400. You shouldn't need anything like that, while still being able to live well, with wine, with NICE.
This comes weekly:
mySupermarket.co.uk

There'll be more, but that's the first one that jumps out at me.
Hope tigerfeet has successfully pm'd that other msers for you.

Now, go and put kettle on - we'll all have a virtual cuppa with you.
I've brought my own Lapsang Souchong teabag with me:D

Thanks ampersand,

before this all happened believe it or not i didnt need cut backs im afraid, my missus was on stat maternity pay and i was making extra money doing other things to make life more comfortable, life was ok, we had just got our firts home, new family.

The problem has only come about due to the bankruptsy petition / order, that i believe shouldnt have been made.
i wasnt spiraling out of control or anything i was just living a couple of feet from the edge.

in regards to the SOA above its not exactly right as some months i pay more and others i pay less depending on whats due.

The thing is i need to put something forward to the OR to reduce the amount that they take each month for the IPA if the BR Annulment fails, as my previous SOA was obviously wrong. bearing in mind they wanted to take £500+ for 36 months, and the house.

---

Please be aware....

Ive never been able to live in the lap of luxury, we lived in poverty as children, i served in squaller and almost poverty during my army service from leaving school. ive been made redundant twice in the past 24 month.

---

I have no objection with making cut backs, i really think this is a great idea in anyones finances, i dont think i have such an extravagant lifestyle to make such cutbacks in order to pay that amount to them for 3 years.

---

The real crappy thing is, if this had not happened, this month i would have been able to clear my 10k overdraft leaving only the personal loan of 4k that i dont get charged intrest on.

(bearing in mind the others should have been unenforcable).

JCS1

confused? wrote: »

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.................... 2

Monthly Income Details
Monthly income after tax................ 1875
Partners monthly income after tax....... 160
Benefits................................ 120
Other income............................ 129
Total monthly income.................... 2284

Monthly Expense Details
Mortgage................................ 419
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 77
Electricity............................. 75
Gas..................................... 75
Oil..................................... 0
Water rates............................. 30
Telephone (land line)................... 15
Mobile phone............................ 70
TV Licence.............................. 15 £13
Satellite/Cable TV...................... 20 No allowed, but add same amount to land line
Internet Services....................... 15 Not allowed unless essential for work/school
Groceries etc. ......................... 400
Clothing................................ 40 £80
Petrol/diesel........................... 400 High, keep receipts to prove
Road tax................................ 34
Car Insurance........................... 107 Per month? You state the 2 cars are worth £1,000 combined, but spending more than £1,200 a year on insurance?
Car maintenance (including MOT)......... 120 High amount, probably be reduced
Car parking............................. 30
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 100 What is this?
Medical (prescriptions, dentist etc).... 50 £30
Pet insurance/vet bills................. 10
Buildings insurance..................... 15
Contents insurance...................... 15
Life assurance ......................... 0
Other insurance......................... 20 What is this for?
Presents (birthday, christmas etc)...... 30 Not allowed
Haircuts................................ 30 £25, £10 per adult, £5 per child
Entertainment........................... 50 Not allowed
Holiday................................. 50
Emergency fund.......................... 0
Pet foods (2 indoor cats)............... 30 Add to housekeeping
Total monthly expenses.................. 2342


Assets
Cash.................................... 800
House value (Gross)..................... 79995
Shares and bonds........................ 0
Car(s).................................. 1000
Other assets............................ 0
Total Assets............................ 81795


Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 71000....(419)......5<
Council RTB Discount...........15000....(0)........0
Total secured & HP debts...... 86000.....-.........-

Unsecured Debts
Description....................Debt......Monthly...APR
Hfc lowell 6+ years............1000......0.........0
Hfc lowell 6+ years............1500......0.........0
Halifax........................10000.....0.........0
Hfo debt settled 2004..........3500......0.........0
Ptrust.........................4000......0.........0
Bhorse 6+ years ago............4500......0.........0
Total unsecured debts..........24500.....0.........-


Monthly Budget Summary
Total monthly income.................... 2,284
Expenses (including HP & secured debts). 2,342
Available for debt repayments........... -58
Monthly UNsecured debt repayments....... 0
Amount short for making debt repayments. -58

Personal Balance Sheet Summary
Total assets (things you own)........... 81,795
Total HP & Secured debt................. -86,000
Total Unsecured debt.................... -24,500
Net Assets.............................. -28,705

Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using other browser.

Few comments added, wait until a few other people give their views too and then re-do and see what the figures come out like.

tigerfeet2006

Right I've only got a couple of minutes before I have to be out the door, DH will go mental if he knows I've popped on here But wanted to see if you had put this on. Will check in again tomorrow sometime.

confused? wrote: »

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.................... 2 As 1 car is your DW you don't put it down, it is her expense.

Monthly Income Details
Monthly income after tax................ 1875
Partners monthly income after tax....... 160
Benefits................................ 120
Other income............................ 129
Total monthly income.................... 2284

Monthly Expense Details
Mortgage................................ 419
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 77
Electricity............................. 75
Gas..................................... 75
Oil..................................... 0
Water rates............................. 30
Telephone (land line)................... 15
Mobile phone............................ 70 put with land line max £60
TV Licence.............................. 15 £13
Satellite/Cable TV...................... 20 not allowed on your SoA must come from any surplus.
Internet Services....................... 15 ditto unless needed for work or study
Groceries etc. ......................... 400
Clothing................................ 40
Petrol/diesel........................... 400 Only put your petrol down as your DW is responsible for her own
Road tax................................ 34 ditto
Car Insurance........................... 107 ditto
Car maintenance (including MOT)......... 120 £30
Car parking............................. 30 yours or DW?
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 100 please break this down for me
Medical (prescriptions, dentist etc).... 50 £25
Pet insurance/vet bills................. 10 £20
Buildings insurance..................... 15
Contents insurance...................... 15
Life assurance ......................... 0
Other insurance......................... 20 what is this?
Presents (birthday, christmas etc)...... 30 most OR's won't allow
Haircuts................................ 30 £10
Entertainment........................... 50 not allowed
Holiday................................. 50
Emergency fund.......................... 0
Pet foods (2 indoor cats)............... 30 put with groceries
Total monthly expenses.................. 2342


Assets
Cash.................................... 800
House value (Gross)..................... 79995
Shares and bonds........................ 0
Car(s).................................. 1000
Other assets............................ 0
Total Assets............................ 81795


Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 71000....(419)......5<
Council RTB Discount...........15000....(0)........0
Total secured & HP debts...... 86000.....-.........-

Unsecured Debts
Description....................Debt......Monthly...APR
Hfc lowell 6+ years............1000......0.........0
Hfc lowell 6+ years............1500......0.........0
Halifax........................10000.....0.........0
Hfo debt settled 2004..........3500......0.........0
Ptrust.........................4000......0.........0
Bhorse 6+ years ago............4500......0.........0
Total unsecured debts..........24500.....0.........-


Monthly Budget Summary
Total monthly income.................... 2,284
Expenses (including HP & secured debts). 2,342
Available for debt repayments........... -58
Monthly UNsecured debt repayments....... 0
Amount short for making debt repayments. -58

Personal Balance Sheet Summary
Total assets (things you own)........... 81,795
Total HP & Secured debt................. -86,000
Total Unsecured debt.................... -24,500
Net Assets.............................. -28,705

Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using other browser.

Have a play around with those.