going bankrupt scotland

lottodreams

broxiebear1 wrote: »

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household.........
Number of cars owned....................
Monthly Income Details
Monthly income after tax................ 1128 say average from p60 was 1250 which would include ot and call out money
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0 88
Total monthly income.................... 1128 1338
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 250
Management charge (leasehold property).. 0
Council tax............................. 103 does this include 25% discount because your partner is on high rate DLA?
Electricity............................. 80 He will ask for bills because this is high
Gas..................................... 80 He will ask for bills because this is high
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 35
Mobile phone............................ 50 contract 2 phones You would have to include contracts in Br Not allowed
TV Licence.............................. 12
Satellite/Cable TV...................... 19.5 Not allowed
Internet Services....................... 10
Groceries etc. ......................... 400 both of us diabetic plus smokers £360
Clothing................................ 0 £50
Petrol/diesel........................... 80 motability This would have to come from your partners DLA

Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 20 £13 he knows there are cheap prescriptions in Scotland
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 6
Life assurance ......................... 35 Aib would be interested in this
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 0 £20
Entertainment........................... 0 £28 This can be your ciggy money
Holiday................................. 0
Emergency fund.......................... 0 £11
Total monthly expenses.................. 1290.5 £1087

Just looking at your SOA The AiB caseworker is quite tough you will not be allowed to pluck figures out of the air but will have to back them up with bills and proof

He will take control of any life insurance but it will revert to you when you are discharged
Unless there is any cash value then you will be expected to surrender and put into your Br pot
Same with the mobile phone contracts you will have to break them and include them in your Br

You may well have a surplus of £250 Probably looking at an IPA of somewhere between £125 to £200 per month for 34 months Its only 34 months in Scotland

I know from your posts you are desparate for Br but it is not a walk in the park

He will want your most recent payslips and p60

He will get your bank statements from your bank

He also asks if you have spent more than £1000 on any one thing in the previous six months

Be prepared to fight for everything because he will try and knock it down

Keep all of your bills for electricity and gas and if you mention using extra because of your partners disability He will come back with that is what the DLA is for

I am not trying to worry you but I don't want you going into your telephone interview ill prepared

I did (with a little help from the CAB and he tore me a new one ended up with an IPA of £70) and I thought I had no surplus!!!!

Hope all goes well for you

Lotty

jonliv

I broadly agree with the above The only thing is It is not always the AiB who are appointed as your trustee They often farm out the work to an outside firm This may or maynot work in the OPs favour

Jono

broxiebear1

council tax is low band for a flat no discount, elect is pay meter, gas was guess as bills are higher in winter. diesel wife doesnt get one penny dla is for car motability (help to get around) all we have is what i earn . and £88 month pension i have pay slips since januarry he can get them all if he wants i could live with £100 ipa but not more than that life ins is for both of us no cash in value unless i die then wife gets £46k :A i am not desp for br and know its not a walk in the park im stressed enough as it is but cccs and money advice scotland advise br is best option for me .

Goobs

Hi,
If you're diagnosed diabetic and living in Scotland (not sure about England, but I think the same applies), then you're entitled to free prescriptions. Ask at your doctor surgery for form for health exemption certificate, fill it in, and your doc will sign it and send it off for you.

broxiebear1

at the moment i dont qualify for exemption cert. as i am t2 diet only
i think i should be on tablets getting more blood tests end of the month, my wife has exemption cert.

hattybee

New Certificate of Sequestration comes into force on 15 November 2010 (in Scotland)
Aimed at
• Home owners with low equity
• Limited income and large debts
• Creditors not willing to take court action
• Therefore unable to prove apparent insolvency
· Not eligible for LILA
Authorised person (money advisor or insolvency practitioner) will need to certify that, on the basis of information provided, you are unable to pay your debts as they become due
You then have 30 days to apply to Accountant in Bankruptcy for sequestration.
Still costs £100 (not refundable!)

broxiebear1

hattybee wrote: »

New Certificate of Sequestration comes into force on 15 November 2010 (in Scotland)
Aimed at
•Home owners with low equity
•Limited income and large debts
•Creditors not willing to take court action
•Therefore unable to prove apparent insolvency
·Not eligible for LILA
Authorised person (money advisor or insolvency practitioner) will need to certify that, on the basis of information provided, you are unable to pay your debts as they become due
You then have 30 days to apply to Accountant in Bankruptcy for sequestration.
Still costs £100 (not refundable!)

thanks hatty moneyadvisor did say that there was a new one coming out in a couple of months but said to go ahead with charge for payment prob feb.
i know im thinking get xmas out of the way then do it
thanks again
broxie

sleepless_saver

lottodreams wrote: »

Council tax............................. 103 does this include 25% discount because your partner is on high rate DLA?

Sorry, but you don't get a discount just for being on HR DLA. Some disabled people may get a discount if the house has been adapted to meet their needs.