Could someone look at my SOA???

JMV

Am planning to file for BR in the next few weeks and I'm trying to plan ahead....

Could someone look at this and let me know if it looks ok?

I have filed it in with Post BR figures - at the moment we are pretty much living on the breadline and don't have insurance or Holidays but I understand we are allowed these kinds of things...

Thanks in Advance...


Statement of Affairs and Personal Balance Sheet
Monthly Income Details
Monthly income after tax................ 1150
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1150
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 350
Management charge (leasehold property).. 0
Council tax............................. 121
Electricity............................. 70
Gas..................................... 33
Oil..................................... 0
Water rates............................. 34
Telephone (land line)................... 45
Mobile phone............................ 0
TV Licence.............................. 13
Satellite/Cable TV...................... 0
Internet Services....................... 10
Groceries etc. ......................... 350
Clothing................................ 10
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 10
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 5
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 10
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 5
Haircuts................................ 20
Entertainment........................... 10
Holiday................................. 20
Emergency fund.......................... 10
Total monthly expenses.................. 1126

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
Total unsecured debts..........0.........0.........-

Monthly Budget Summary
Total monthly income.................... 1,150
Expenses (including HP & secured debts). 1,126
Available for debt repayments........... 24
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 24
Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -0
Net Assets.............................. 0
Created using the SOA calculator at Make sense
Reproduced on Moneysavingexpert with permission, using IE browser.

confused76

JMV wrote: »

Am planning to file for BR in the next few weeks and I'm trying to plan ahead....

Could someone look at this and let me know if it looks ok?

I have filed it in with Post BR figures - at the moment we are pretty much living on the breadline and don't have insurance or Holidays but I understand we are allowed these kinds of things...

Thanks in Advance...


Statement of Affairs and Personal Balance Sheet
Monthly Income Details
Monthly income after tax................ 1150
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1150
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 350
Management charge (leasehold property).. 0
Council tax............................. 121
Electricity............................. 70
Gas..................................... 33
Oil..................................... 0
Water rates............................. 34
Telephone (land line)................... 45
Mobile phone............................ 0
TV Licence.............................. 13
Satellite/Cable TV...................... 0
Internet Services....................... 10
Groceries etc. ......................... 350
Clothing................................ 10
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 10
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 5
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 10
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 5 not normally allowed
Haircuts................................ 20
Entertainment........................... 10 not normally allowed
Holiday................................. 2040
Emergency fund.......................... 10 not normally allowed
Total monthly expenses.................. 1126

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
Total unsecured debts..........0.........0.........-

Monthly Budget Summary
Total monthly income.................... 1,150
Expenses (including HP & secured debts). 1,126
Available for debt repayments........... 24
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 24
Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -0
Net Assets.............................. 0
Created using the SOA calculator at Make sense
Reproduced on Moneysavingexpert with permission, using IE browser.

hi there looking ok, couple of comments above...

tigerfeet2006

How many is it for?

JMV

tigerfeet2006 wrote: »

How many is it for?

There are 2 of us...I am currently Self Employed and hoping I can continue my business in some form - OH has been out of work for nearly a year - we had thought that he could help with the business and become a partner but that's not feasible now...so he is looking for work...(scarce around these parts - impossible without a car)...

Thanks for the help - it's much appreciated...

tigerfeet2006

JMV wrote: »

Am planning to file for BR in the next few weeks and I'm trying to plan ahead....

Could someone look at this and let me know if it looks ok?

I have filed it in with Post BR figures - at the moment we are pretty much living on the breadline and don't have insurance or Holidays but I understand we are allowed these kinds of things...

Thanks in Advance...


Statement of Affairs and Personal Balance Sheet
Monthly Income Details
Monthly income after tax................ 1150
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1150
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 350
Management charge (leasehold property).. 0
Council tax............................. 121
Electricity............................. 70
Gas..................................... 33
Oil..................................... 0
Water rates............................. 34
Telephone (land line)................... 45
Mobile phone............................ 0
TV Licence.............................. 13
Satellite/Cable TV...................... 0
Internet Services....................... 10 put under phone
Groceries etc. ......................... 350
Clothing................................ 10
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 10
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 5
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 10
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 5 most OR won't allow
Haircuts................................ 20
Entertainment........................... 10 not allowed
Holiday................................. 20
Emergency fund.......................... 10 most OR's won't allow
Total monthly expenses.................. 1126

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
Total unsecured debts..........0.........0.........-

Monthly Budget Summary
Total monthly income.................... 1,150
Expenses (including HP & secured debts). 1,126
Available for debt repayments........... 24
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 24
Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -0
Net Assets.............................. 0
Created using the SOA calculator at Make sense
Reproduced on Moneysavingexpert with permission, using IE browser.

I think you have £44 (double check that though) left after those changes so put some on groceries and a bit on clothes.

JMV

Thanks to you both...that's very helpful to know that my figures aren't too off...

I read some of the guidance today and it seemed to be saying that you are allowed "reasonable" expenses for entertainment and emergencies...but I guess each OR differs - my view is that as we have forgone a car, we might be allowed something in return..but Hey Ho!

Is a IPA or IPO likely with an excess of £20-£40?

Ta

Manoona

Each OR is different, i was allowed my £10 entertainment, but thats not always teh case.

No I{A will be issued with that surplus, it needs to be at least £100 before thay take a percentage so you should be fine!

Good luck with it all :-)

JMV

Thank you....Manoona...that's reassuring...

My OH and I were looking at those figures and all the things we put on there and thinking how much better off we will be...

After a year of creditors telling us that we aren't allowed to smoke, or that we shouldn't claim for pet food...and all those things they say to make you feel guilty for living, breathing and eating...

We might actually be able to replace the severely broken 22 year old Cooker