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

confused76

fill it out, click format for mse and copy and paste?

123kirb123

whooops didnt realise it came up in a new window... here it is.

Household Information[/b]
Number of adults in household........... 1
Number of children in household......... 0
Number of cars owned.................... 0
Monthly Income Details
Monthly income after tax................ 1300
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1300
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 500
Management charge (leasehold property).. 0
Council tax............................. 70
Electricity............................. 90
Gas..................................... 0
Oil..................................... 0
Water rates............................. 29
Telephone (land line)................... 10
Mobile phone............................ 35
TV Licence.............................. 12
Satellite/Cable TV...................... 10
Internet Services....................... 15
Groceries etc. ......................... 200
Clothing................................ 20
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 80
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 20
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 30
Haircuts................................ 10
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1131

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

No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
shortfall prop sale............54780.....200.......0
credit cards...................5000......200.......0
loan...........................8000......100.......0
Total unsecured debts..........67780.....500.......-

Monthly Budget Summary
Total monthly income.................... 1,300
Expenses (including HP & secured debts). 1,131
Available for debt repayments........... 169
Monthly UNsecured debt repayments....... 500
Amount short for making debt repayments. -331
Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -67,780
Net Assets.............................. -67,780


with regarding to my repayments for the debts... i was paying £200 month for the credit cards and loans. however i handed my property back to the mortgage company last november and it has just sold so i am now left with the huge amount of £54780...

NekoZombie

Hi looks a like a good start to your SOA - remember you can't include any debts though - you'll need to take those off if you are going BR

dojoman

123kirb123 wrote: »

whooops didnt realise it came up in a new window... here it is.

Household Information[/b]
Number of adults in household........... 1
Number of children in household......... 0
Number of cars owned.................... 0
Monthly Income Details
Monthly income after tax................ 1300
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1300
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 500
Management charge (leasehold property).. 0
Council tax............................. 70
Electricity............................. 90
Gas..................................... 0
Oil..................................... 0
Water rates............................. 29
Telephone (land line)................... 10
Mobile phone............................ 35
TV Licence.............................. 12
Satellite/Cable TV...................... 10 Not allowed would have to come out of surplus
Internet Services....................... 15 Not allowed unless required for work/study
Groceries etc. ......................... 200
Clothing................................ 20
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 80
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 20
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 30 Not allowed
Haircuts................................ 10
Entertainment........................... 0
Holiday................................. 0 Try £30
Emergency fund.......................... 0
Total monthly expenses.................. 1131

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

No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
shortfall prop sale............54780.....200.......0
credit cards...................5000......200.......0
loan...........................8000......100.......0
Total unsecured debts..........67780.....500.......-

Monthly Budget Summary
Total monthly income.................... 1,300
Expenses (including HP & secured debts). 1,131
Available for debt repayments........... 169
Monthly UNsecured debt repayments....... 500
Amount short for making debt repayments. -331
Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -67,780
Net Assets.............................. -67,780


with regarding to my repayments for the debts... i was paying £200 month for the credit cards and loans. however i handed my property back to the mortgage company last november and it has just sold so i am now left with the huge amount of £54780...

Hope this helps?