Going bankrupt and not sure what i can put down in my expenditure??

123kirb123

Hi the title says it all really.

Does anyone have a list of what that courts would accept for your outgoings.

I currently have a TV,Internet,Phone package for £36 month but i've been told they won't accept that.

Also the maximum they would accept for each outgoing?

Thanks

debtinfo

They will accept what is necessary for you to have a basic level of living,

ontheroad_2

These are the 2010 figures to give you a rough idea -

http://bankruptcyandlivingwithit.co.uk/HouseholdExpenditur2010.htm

confused76

have a go at filling out this and copy it here, we can have a look at it for you

http://www.makesenseofcards.com/soacalc.html

there are no definitive amounts but we can see if it looks reasonable
if you live with your partner you need to include their contribution to the household expenses (not their full income)

ontheroad_2

And you can use this for your SOA -

http://makesenseofcards.com/soacalc.html

click on the MSE button when you're done, paste it into a new thread on this board, and you'll get advice on what you'll be allowed.

Edited - snap Confused76!!!

123kirb123

Thanks confused76 and ontheroad, i will do this now. and post ASAP

HappyMJ

ontheroad wrote: »

These are the 2010 figures to give you a rough idea -

http://bankruptcyandlivingwithit.co.uk/HouseholdExpenditur2010.htm

A very rough idea. £29 per week on public transport. If you can get my train tickets for £29 then go ahead. My travel by public transport is £21 per day and that cannot change.

I always thought you put all the OP's expenses of mobile/landline/tv/broadband together and put it under Telephone and put £60 per month down.

123kirb123

Rent Management Charge (e.g. on leasehold property) Council Tax Electricity Gas Oil Water Rates Telephone (land line) Mobile Phone TV Licence Satellite/Cable TV Internet Services Groceries etc. Clothing Petrol/Diesel Road Tax (car) Car Insurance (including breakdown cover) Car Maintenance (including MOT) Car Parking Other Travel Childcare/Nursery Other child related expenses Medical (prescriptions, dentists, opticians etc.) Pet Insurance/Vet bills Building Insurance Contents Insurance Life Assurance Other Insurance Presents (birthday, christmas etc.) Haircuts Entertainment Holiday Household Emergency Fund (e.g. for repairs)

Im not really sure if i should be anything for holiday, Entertainment, Birthdays.... will the court really accept that as a outgoing??

123kirb123

Monthly Income (after tax) Partner's Monthly Income Benefits Other Income (e.g. maintenance payments)
Enter your monthly expenditureAmount (£) Mortgage payment (from secured debt table below) Secured/HP loans (from secured debt table below) Rent Management Charge (e.g. on leasehold property) Council Tax Electricity Gas Oil Water Rates Telephone (land line) Mobile Phone TV Licence Satellite/Cable TV Internet Services Groceries etc. Clothing Petrol/Diesel Road Tax (car) Car Insurance (including breakdown cover) Car Maintenance (including MOT) Car Parking Other Travel Childcare/Nursery Other child related expenses Medical (prescriptions, dentists, opticians etc.) Pet Insurance/Vet bills Building Insurance Contents Insurance Life Assurance Other Insurance Presents (birthday, christmas etc.) Haircuts Entertainment Holiday Household Emergency Fund (e.g. for repairs)
Enter SECURED debts and Hire Purchase (HP) debtsEnter ALL your mortgage, secured and HP debt details here.
Debt description </SPAN>Debt (£) </SPAN>Monthly payment (£) </SPAN>Annual Rate (%) </SPAN>Mortgage Secured debt Hire Purchase (HP)
Enter your UNsecured Debts e.g. credit cardsDebt description </SPAN>Debt (£) </SPAN>Min Pay (£) </SPAN>Annual Rate (%) </SPAN>

123kirb123

cant seem to get it to copy and past.... it is just bring words and no amounts up arrrrhhhhh!!

im pressing the MSE button

help??

HappyMJ

123kirb123 wrote: »

Im not really sure if i should be anything for holiday, Entertainment, Birthdays.... will the court really accept that as a outgoing??

Holiday...you can put down an amount that will give you and your family a 1 week break in the UK. (usually £20 per person per month).

Nothing for the other 2. But, you can add more to the groceries to cover that..