The Bankruptcy Club & Supporters Club

sarah_skint

Here is the tech manual that OR's have to abide to ...

http://www.insolvency.gov.uk/freedom...l/techmanvol1/

where abouts on this link does it mention about what is allowed on an soa? sorry if i have got wrong end of stick 3 screaming kids doing my nut in!!!!!

sandralovescats

ASSETS


The assets typically taken in Bankruptcy are property, stocks and shares, endowment policies, valuable vehicles, boat, caravans etc. Domestic goods, unless they are valuable antiques, are normally excluded

sandralovescats

Doushka - Pensions

Yes they do take your pension (private not State) and your Endowment Policies, I am sorry to say.

sandralovescats

sarah_skint wrote:

where abouts on this link does it mention about what is allowed on an soa? sorry if i have got wrong end of stick 3 screaming kids doing my nut in!!!!!

That link does not work!

I cannot find the link via the insolvency site for you.

From the work you have done on your SoA I think you are okay.

Mike_St_Helens

sandralovescats wrote:

That link does not work!

I cannot find the link via the insolvency site for you.

From the work you have done on your SoA I think you are okay.

Thats a bit blunt !

https://www.insolvency.gov.uk/freedomofinformation/technical/techmanvol1

sandralovescats

Mike_St_Helens wrote:

Thats a bit blunt !

https://www.insolvency.gov.uk/freedomofinformation/technical/techmanvol1

I didn't intend it to sound blunt!! I went to look for the link for Sarah but I couldn't find it, was what I meant! Sometimes, messages and emails come across as being a bit harsh when it wasn't intended! Sorry!

Mike_St_Helens

sandralovescats wrote:

I didn't intend it to sound blunt!! I went to look for the link for Sarah but I couldn't find it, was what I meant! Sometimes, messages and emails come across as being a bit harsh when it wasn't intended! Sorry!

Ouch... I have a thick lip now...

sarah_skint

this is my new soa - pick away:rotfl:
income
income support/ctc 673.62
c-benefit 227.72
maintenance 211.00 includes arrears
partner 455.00

1567.34




outgoings
rent 259.61
c-tax 86
water 19
gas 37
electric 30
housekeeping 570
telephone 55
tv license 11
transport 60
clothes 110
internet 16
incidentals 60
birthdays/christmas60
hairdressing 30

now 1403.61

surplus 163.73

does that mean the or will take the 163.73 figure to work out what i will pay?

sandralovescats

sarah_skint wrote:

this is my new soa - pick away:rotfl:
income
income support/ctc 673.62
c-benefit 227.72
maintenance 211.00 includes arrears
partner 455.00

1567.34




outgoings
rent 259.61
c-tax 86
water 19
gas 37
electric 30
housekeeping 570
telephone 55
tv license 11
transport 60
clothes 110
internet 16
incidentals 60
birthdays/christmas60
hairdressing 30

now 1403.61

surplus 163.73

does that mean the or will take the 163.73 figure to work out what i will pay?

Sarah, the OR does not include the payments from Income Support, CTC, or your Maintenance payments.
You will not get an IPA.

You have no need to worry about any excess income!!

Your SoA looks fine. The OR only wants to make sure that you have enough money to live on so that you don't end up in debt again.

Please don't worry about it!!

Doushka

sandralovescats wrote:

Also the OR doesn't allow for pet insurance - and yours is high - I don't know how you are going to "lose" it in something else, though. Why not increase your food allowance? Also, your B/C/H is a little low, maybe you could increase that to help cover the cost of your cats?

Your DLA and IB are not included in your income, so don't worry about that.

Hope this helps!

:rotfl: don't I know the cat insurance is high.... nearly fell off my chair when I added all the premiums up. Does't sound a lot for each cat, but put 'em together and OUCH!

took me ages to suss out what B/C/H was.... was pm'ing you and it clicked lol

I've increased Food now to £200 (from £150) - that seems an awful lot, is it going to be allowed?

Also, I've upped B/C/H (! ) to £80 from £50 do you think I'll get away with that?

and finally (for this week at least ), just to comfirm what Sandra said..... when the OR looks at my figures, the only income he is going to take into account is my Income Protection Policy (ignoring the Incapacity Benefit and DLA), is that right?

If that is the case, my soa is showing a £266 deficit! Should I be making it fit to just the IPP?

sorry to labour the point, with just a week and a half to go you can tell I'm getting a tad (ok a lot) nervous about the whole thing

thanks for your help people, the reassurance sure is useful