BR is it right for me

confused76

if it looks reasonable probably not, but there is always that possibility

ballyclover

Just about to create my SOA,I am currently on repayment schemes with all my debts,do i put these down as the amount i am suppose to pay or the amounts i currently pay.

thank you.

debtinfo

You dont put any repaymnts down as you wont be making any after the bankruptcy

ballyclover

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 3
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1450
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1450
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 500
Management charge (leasehold property).. 0
Council tax............................. 158
Electricity............................. 90
Gas..................................... 80
Oil..................................... 0
Water rates............................. 35
Telephone (land line)................... 30
Mobile phone............................ 30
TV Licence.............................. 13
Satellite/Cable TV...................... 68
Internet Services....................... 0
Groceries etc. ......................... 0
Clothing................................ 0
Petrol/diesel........................... 120
Road tax................................ 20
Car Insurance........................... 45
Car maintenance (including MOT)......... 25
Car parking............................. 15
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 15
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 24
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 25
Haircuts................................ 15
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1308

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 1500
Other assets............................ 0
Total Assets............................ 1500

No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
credit cards...................10000.....300.......0
bank loan......................9000......177.......0
Total unsecured debts..........19000.....477.......-

Monthly Budget Summary
Total monthly income.................... 1,450
Expenses (including HP & secured debts). 1,308
Available for debt repayments........... 142
Monthly UNsecured debt repayments....... 477
Amount short for making debt repayments. -335
Personal Balance Sheet Summary
Total assets (things you own)........... 1,500
Total HP & Secured debt................. -0
Total Unsecured debt.................... -19,000
Net Assets.............................. -17,500
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.

ballyclover

hi

Not put down nothing for food or clothing, as my partner pays for these from her Child tax credits and Child benifit.I do help and pay towards house too, but not an amount i can swear by as it varies.So even though i have 142 left reality is i dont.

Also i didnt know cost of repayments so put it roughtly but as pointed out this doesnt matter.

I put a basic wage. I work OT sometimes but it is not a guarentee

any thoughts would be appreciated

thank you

debtinfo

Ok, you need to add your partners contributon, you need to put down the FULL amount of ALL household expenditure (rent, food ges, council tax etc) and you need to remove all credit repayments

ballyclover

HI

Below is my new SOA as advised. I have now added food etc, i have added my partners condribution of £600 a month from her benifits, tax credits etc, she gets around £800, but the rest is used for her own bills

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 3
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1450
Partners monthly income after tax....... 600
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 2050
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 500
Management charge (leasehold property).. 0
Council tax............................. 158
Electricity............................. 90
Gas..................................... 80
Oil..................................... 0
Water rates............................. 35
Telephone (land line)................... 30
Mobile phone............................ 30
TV Licence.............................. 13
Satellite/Cable TV...................... 68
Internet Services....................... 0
Groceries etc. ......................... 500
Clothing................................ 150
Petrol/diesel........................... 120
Road tax................................ 20
Car Insurance........................... 45
Car maintenance (including MOT)......... 25
Car parking............................. 15
Other travel............................ 10
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 15
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 24
Life assurance ......................... 0
Other insurance......................... 6
Presents (birthday, christmas etc)...... 25
Haircuts................................ 15
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1974

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 1500
Other assets............................ 0
Total Assets............................ 1500

No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
credit cards...................10000.....0.........0
bank loan......................9000......0.........0
Total unsecured debts..........19000.....0.........-

Monthly Budget Summary
Total monthly income.................... 2,050
Expenses (including HP & secured debts). 1,974
Available for debt repayments........... 76
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 76
Personal Balance Sheet Summary
Total assets (things you own)........... 1,500
Total HP & Secured debt................. -0
Total Unsecured debt.................... -19,000
Net Assets.............................. -17,500
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.

tigerfeet2006

ballyclover wrote: »

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 3
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1450
Partners monthly income after tax....... 0 how much does your OH contribute?
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1450
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 500
Management charge (leasehold property).. 0
Council tax............................. 158
Electricity............................. 90 does this include arrears?
Gas..................................... 80 ditto
Oil..................................... 0
Water rates............................. 35
Telephone (land line)................... 30
Mobile phone............................ 30 put with phone.
TV Licence.............................. 13
Satellite/Cable TV...................... 68 not allowed on your SoA, must come from surplus income.
Internet Services....................... 0
Groceries etc. ......................... 0 £600
Clothing................................ 0 £150
Petrol/diesel........................... 120
Road tax................................ 20
Car Insurance........................... 45
Car maintenance (including MOT)......... 25
Car parking............................. 15
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0 £5 per child per week for activities. £2 per day for school dinners at primary, £3 secondary.
Medical (prescriptions, dentist etc).... 15 £20
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 24
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 25 most OR's will not allow.
Haircuts................................ 15 £25
Entertainment........................... 0
Holiday................................. 0 £100
Emergency fund.......................... 0
Total monthly expenses.................. 1308

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 1500
Other assets............................ 0
Total Assets............................ 1500

No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
credit cards...................10000.....300.......0
bank loan......................9000......177.......0
Total unsecured debts..........19000.....477.......-

Monthly Budget Summary
Total monthly income.................... 1,450
Expenses (including HP & secured debts). 1,308
Available for debt repayments........... 142
Monthly UNsecured debt repayments....... 477
Amount short for making debt repayments. -335
Personal Balance Sheet Summary
Total assets (things you own)........... 1,500
Total HP & Secured debt................. -0
Total Unsecured debt.................... -19,000
Net Assets.............................. -17,500
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.

Have a re jig and put it back up again.

ballyclover

my gas and Elec is a combined montly payment of 170, wasnt sure how this brakes down so put it down as a rough split, as far as i am aware it doesnt included any arreas as i am upto date.

My council tax included 18 towards previous arrreas so i have taken this down


Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 3
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1450
Partners monthly income after tax....... 600
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 2050
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 500
Management charge (leasehold property).. 0
Council tax............................. 140
Electricity............................. 90
Gas..................................... 80
Oil..................................... 0
Water rates............................. 35
Telephone (land line)................... 60
Mobile phone............................ 0
TV Licence.............................. 13
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 600
Clothing................................ 150
Petrol/diesel........................... 120
Road tax................................ 20
Car Insurance........................... 45
Car maintenance (including MOT)......... 25
Car parking............................. 15
Other travel............................ 20
Childcare/nursery....................... 0
Other child related expenses............ 25
Medical (prescriptions, dentist etc).... 20
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 25
Entertainment........................... 0
Holiday................................. 100
Emergency fund.......................... 0
Total monthly expenses.................. 2083

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 1500
Other assets............................ 0
Total Assets............................ 1500

No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
credit card....................10000.....0.........0
bank loan......................9000......0.........0
council tax arrears............2500......0.........0
Total unsecured debts..........21500.....0.........-

Monthly Budget Summary
Total monthly income.................... 2,050
Expenses (including HP & secured debts). 2,083
Available for debt repayments........... -33
Monthly UNsecured debt repayments....... 0
Amount short for making debt repayments. -33
Personal Balance Sheet Summary
Total assets (things you own)........... 1,500
Total HP & Secured debt................. -0
Total Unsecured debt.................... -21,500
Net Assets.............................. -20,000
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.

ballyclover

rejigged,,,,its quite scarey how we get by,,,,,i do work OT but this is not always available to its worked out on my min wage