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help with my soa please help

suejgem
suejgem Posts: 42 Forumite
edited 4 November 2010 at 5:55PM in Bankruptcy & living with it
ive been mulling around for a month or two now getting the nerve to post properly,im 67 retired and just get a small pension of £164 per month the main earner being my husband,we have total debts of 34000 and just cannot survive at the moment paying our bills so reluctantly have decided on the bankrupt route,below are figures without paying any bills to credit cards etc,food is so high because i am diabetic and take insulin and have to watch my diet all the time,our rent is taken out of wages at source because hubby works for housing association were we live,his debts total 30,000 mine about 4000 but a loan of 9000 is joint would i still be able to go bankrupt or would i be refused and have to do a debt relief order,a friend did a debt relief order and it took months to complete,i would rather go bankrupt with hubby and get it over with and done,hubby may get made redundant in december would get about £4000 would he keep it or would o/r take it all,and would they take his company pension when he retires in three years,we had a car on finance that has already gone back to finance company been replaced with small runabout

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................ 909
Partners monthly income after tax....... 164
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1073

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 116
Electricity............................. 40
Gas..................................... 50
Oil..................................... 0
Water rates............................. 35
Telephone (land line)................... 40
Mobile phone............................ 10
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 390
Clothing................................ 50
Petrol/diesel........................... 80
Road tax................................ 11
Car Insurance........................... 15
Car maintenance (including MOT)......... 20
Car parking............................. 12
Other travel............................ 10
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 20
Buildings insurance..................... 0
Contents insurance...................... 18
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 20
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 10
presents/ birthdays/christmas........... 20
opticians............................... 20
prescriptions........................... 15
dentists................................ 18
cigarettes.............................. 60
Total monthly expenses.................. 1092


Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 800
Other assets............................ 0
Total Assets............................ 800

No Secured nor Hire Purchase Debts

Unsecured Debts
Description....................Debt......Monthly...APR
7 credit cards @ loa...........34000.....0.........0
Total unsecured debts..........34000.....0.........-


Monthly Budget Summary
Total monthly income.................... 1,073
Expenses (including HP & secured debts). 1,092
Available for debt repayments........... -19
Monthly UNsecured debt repayments....... 0
Amount short for making debt repayments. -19

Personal Balance Sheet Summary
Total assets (things you own)........... 800
Total HP & Secured debt................. -0
Total Unsecured debt.................... -34,000
Net Assets.............................. -33,200

Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using Firefox browser.

thanks in advance anyone who can help me

Comments

  • dojoman
    dojoman Posts: 12,027 Forumite
    suejgem wrote: »
    ive been mulling around for a month or two now getting the nerve to post properly,im 67 retired and just get a small pension of £164 per month the main earner being my husband,we have total debts of 34000 and just cannot survive at the moment paying our bills so reluctantly have decided on the bankrupt route,below are figures without paying any bills to credit cards etc,food is so high because i am diabetic and take insulin and have to watch my diet all the time,our rent is taken out of wages at source because hubby works for housing association were we live,his debts total 30,000 mine about 4000 but a loan of 9000 is joint would i still be able to go bankrupt or would i be refused and have to do a debt relief order,a friend did a debt relief order and it took months to complete,i would rather go bankrupt with hubby and get it over with and done,hubby may get made redundant in december would get about £4000 would he keep it or would o/r take it all,and would they take his company pension when he retires in three years,we had a car on finance that has already gone back to finance company been replaced with small runabout

    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................ 909
    Partners monthly income after tax....... 164
    Benefits................................ 0
    Other income............................ 0
    Total monthly income.................... 1073

    Monthly Expense Details
    Mortgage................................ 0
    Secured/HP loan repayments.............. 0
    Rent.................................... 0
    Management charge (leasehold property).. 0
    Council tax............................. 116
    Electricity............................. 40
    Gas..................................... 50
    Oil..................................... 0
    Water rates............................. 35
    Telephone (land line)................... 40 £60 including mobile
    Mobile phone............................ 10
    TV Licence.............................. 12
    Satellite/Cable TV...................... 0
    Internet Services....................... 0
    Groceries etc. ......................... 390
    Clothing................................ 50
    Petrol/diesel........................... 80
    Road tax................................ 11
    Car Insurance........................... 15
    Car maintenance (including MOT)......... 20
    Car parking............................. 12
    Other travel............................ 10
    Childcare/nursery....................... 0
    Other child related expenses............ 0
    Medical (prescriptions, dentist etc).... 0
    Pet insurance/vet bills................. 20
    Buildings insurance..................... 0
    Contents insurance...................... 18
    Life assurance ......................... 0
    Other insurance......................... 0
    Presents (birthday, christmas etc)...... 0
    Haircuts................................ 20
    Entertainment........................... 0
    Holiday................................. 0
    Emergency fund.......................... 10 NOT ALLOWED
    presents/ birthdays/christmas........... 20 NOT ALLOWED
    opticians............................... 20 PUT IN TO MEDICAL
    prescriptions........................... 15 PUT IN TO MEDICAL
    dentists................................ 18 PUT IN TO MEDICAL
    cigarettes.............................. 60 NOT ALLOWED WOULD HAVE TO GO IN TO GROCERIES OR FROM YOUR SURPLUS
    Total monthly expenses.................. 1092


    Assets
    Cash.................................... 0
    House value (Gross)..................... 0
    Shares and bonds........................ 0
    Car(s).................................. 800
    Other assets............................ 0
    Total Assets............................ 800

    No Secured nor Hire Purchase Debts

    Unsecured Debts
    Description....................Debt......Monthly...APR
    7 credit cards @ loa...........34000.....0.........0
    Total unsecured debts..........34000.....0.........-


    Monthly Budget Summary
    Total monthly income.................... 1,073
    Expenses (including HP & secured debts). 1,092
    Available for debt repayments........... -19
    Monthly UNsecured debt repayments....... 0
    Amount short for making debt repayments. -19

    Personal Balance Sheet Summary
    Total assets (things you own)........... 800
    Total HP & Secured debt................. -0
    Total Unsecured debt.................... -34,000
    Net Assets.............................. -33,200

    Created using the SOA calculator at www.makesenseofcards.com.
    Reproduced on Moneysavingexpert with permission, using Firefox browser.

    thanks in advance anyone who can help me

    Hi and welcome, hope this helps?
    :pB&SC No. 298
    Life`s Tragedy is that we get OLD too soon
    and WISE too late!
  • suejgem
    suejgem Posts: 42 Forumite
    edited 4 November 2010 at 6:24PM
    so dojo thanks for your reply you basically think the soa is okay??? thats good what about the questions at the beginning any idea on them please? much appreciated







    Originally Posted by suejgem viewpost.gif
    ive been mulling around for a month or two now getting the nerve to post properly,im 67 retired and just get a small pension of £164 per month the main earner being my husband,we have total debts of 34000 and just cannot survive at the moment paying our bills so reluctantly have decided on the bankrupt route,below are figures without paying any bills to credit cards etc,food is so high because i am diabetic and take insulin and have to watch my diet all the time,our rent is taken out of wages at source because hubby works for housing association were we live,his debts total 30,000 mine about 4000 but a loan of 9000 is joint would i still be able to go bankrupt or would i be refused and have to do a debt relief order,a friend did a debt relief order and it took months to complete,i would rather go bankrupt with hubby and get it over with and done,hubby may get made redundant in december would get about £4000 would he keep it or would o/r take it all,and would they take his company pension when he retires in three years,we had a car on finance that has already gone back to finance company been replaced with small runabout





    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................ 909
    Partners monthly income after tax....... 164
    Benefits................................ 0
    Other income............................ 0
    Total monthly income.................... 1073

    Monthly Expense Details
    Mortgage................................ 0
    Secured/HP loan repayments.............. 0
    Rent.................................... 0
    Management charge (leasehold property).. 0
    Council tax............................. 116
    Electricity............................. 40
    Gas..................................... 50
    Oil..................................... 0
    Water rates............................. 35
    Telephone (land line)................... 60
    Mobile phone............................ 0
    TV Licence.............................. 12
    Satellite/Cable TV...................... 0
    Internet Services....................... 0
    Groceries etc. ......................... 390
    Clothing................................ 50
    Petrol/diesel........................... 80
    Road tax................................ 11
    Car Insurance........................... 15
    Car maintenance (including MOT)......... 20
    Car parking............................. 12
    Other travel............................ 10
    Childcare/nursery....................... 0
    Other child related expenses............ 0
    Medical (prescriptions, dentist etc).... 70
    Pet insurance/vet bills................. 20
    Buildings insurance..................... 0
    Contents insurance...................... 18
    Life assurance ......................... 0
    Other insurance......................... 0
    Presents (birthday, christmas etc)...... 0
    Haircuts................................ 20
    Entertainment........................... 0
    Holiday................................. 0
    Emergency fund.......................... 10
    presents/ birthdays/christmas........... 20
    opticians............................... 0
    prescriptions........................... 0
    dentists................................ 0
    cigarettes.............................. 0
    Total monthly expenses.................. 1059


    Assets
    Cash.................................... 0
    House value (Gross)..................... 0
    Shares and bonds........................ 0
    Car(s).................................. 800
    Other assets............................ 0
    Total Assets............................ 800

    No Secured nor Hire Purchase Debts

    Unsecured Debts
    Description....................Debt......Monthly...APR
    7 credit cards @ loa...........34000.....0.........0
    Total unsecured debts..........34000.....0.........-


    Monthly Budget Summary
    Total monthly income.................... 1,073
    Expenses (including HP & secured debts). 1,059
    Available for debt repayments........... 14
    Monthly UNsecured debt repayments....... 0
    Amount left after debt repayments....... 14

    Personal Balance Sheet Summary
    Total assets (things you own)........... 800
    Total HP & Secured debt................. -0
    Total Unsecured debt.................... -34,000
    Net Assets.............................. -33,200

    Created using the SOA calculator at www.makesenseofcards.com.
    Reproduced on Moneysavingexpert with permission, using Firefox browser.
  • the_bright_side
    the_bright_side Posts: 137 Forumite
    Where do you live, no rent or mortgage
  • suejgem
    suejgem Posts: 42 Forumite
    my husband works for a housing association we live on the old peoples complex and its deducted from his wages after tax but before we get his wages,just better than renting private and its cheaper
  • betterlatethannever
    betterlatethannever Posts: 5,280 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Hi there
    Your medical is very high (yes, i've read your reasons and i know Dojo said to add the extras to medical, but its now too high)
    Do you not get free prescriptions and glasses/eye checks etc?

    If that really is the figure, then you'd be best keeping records/reciepts and producing them.

    Sorry if that comes across as harsh, it really isn't meant to be, but i'd hate you to feel that your SOA is all good, then to get a shock if the OR disallows.

    Presents won't be allowed either but you can include a holiday :T

    Good luck x
    The first time we said hello, was the first time we said goodbye. As the angels took your tiny hand and flew you to the sky-you forever left us breathless. RIP my beautiful granddaughter :(
  • suejgem
    suejgem Posts: 42 Forumite
    betterlatethannever wrote: »
    Hi there
    Your medical is very high (yes, i've read your reasons and i know Dojo said to add the extras to medical, but its now too high)
    Do you not get free prescriptions and glasses/eye checks etc?

    If that really is the figure, then you'd be best keeping records/reciepts and producing them.

    Sorry if that comes across as harsh, it really isn't meant to be, but i'd hate you to feel that your SOA is all good, then to get a shock if the OR disallows.

    Presents won't be allowed either but you can include a holiday :T

    Good luck x
    hi thanks for that it was just a rough guestimate, how much would be acceptable do you think,any ideas on the other questions on the start of the thread
  • suejgem
    suejgem Posts: 42 Forumite
    what do you think is this any good


    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................ 909
    Partners monthly income after tax....... 164
    Benefits................................ 0
    Other income............................ 0
    Total monthly income.................... 1073

    Monthly Expense Details
    Mortgage................................ 0
    Secured/HP loan repayments.............. 0
    Rent.................................... 0
    Management charge (leasehold property).. 0
    Council tax............................. 116
    Electricity............................. 40
    Gas..................................... 50
    Oil..................................... 0
    Water rates............................. 35
    Telephone (land line)................... 60
    Mobile phone............................ 0
    TV Licence.............................. 12
    Satellite/Cable TV...................... 0
    Internet Services....................... 0
    Groceries etc. ......................... 390
    Clothing................................ 50
    Petrol/diesel........................... 80
    Road tax................................ 11
    Car Insurance........................... 15
    Car maintenance (including MOT)......... 20
    Car parking............................. 12
    Other travel............................ 10
    Childcare/nursery....................... 0
    Other child related expenses............ 0
    Medical (prescriptions, dentist etc).... 50
    Pet insurance/vet bills................. 20
    Buildings insurance..................... 0
    Contents insurance...................... 18
    Life assurance ......................... 0
    Other insurance......................... 0
    Presents (birthday, christmas etc)...... 0
    Haircuts................................ 20
    Entertainment........................... 0
    Holiday................................. 20
    Emergency fund.......................... 10

    opticians............................... 0
    prescriptions........................... 0
    dentists................................ 0
    cigarettes.............................. 0
    Total monthly expenses.................. 1059


    Assets
    Cash.................................... 0
    House value (Gross)..................... 0
    Shares and bonds........................ 0
    Car(s).................................. 800
    Other assets............................ 0
    Total Assets............................ 800

    No Secured nor Hire Purchase Debts

    Unsecured Debts
    Description....................Debt......Monthly...APR
    7 credit cards @ loa...........34000.....0.........0
    Total unsecured debts..........34000.....0.........-


    Monthly Budget Summary
    Total monthly income.................... 1,073
    Expenses (including HP & secured debts). 1,059
    Available for debt repayments........... 14
    Monthly UNsecured debt repayments....... 0
    Amount left after debt repayments....... 14

    Personal Balance Sheet Summary
    Total assets (things you own)........... 800
    Total HP & Secured debt................. -0
    Total Unsecured debt.................... -34,000
    Net Assets.............................. -33,200

    Created using the SOA calculator at https://www.makesenseofcards.com.
    Reproduced on Moneysavingexpert with permission, using Firefox browser.
  • suejgem
    suejgem Posts: 42 Forumite
    there deleted presents is this any better sorry to be a pain

    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................ 909
    Partners monthly income after tax....... 164
    Benefits................................ 0
    Other income............................ 0
    Total monthly income.................... 1073

    Monthly Expense Details
    Mortgage................................ 0
    Secured/HP loan repayments.............. 0
    Rent.................................... 0
    Management charge (leasehold property).. 0
    Council tax............................. 116
    Electricity............................. 40
    Gas..................................... 50
    Oil..................................... 0
    Water rates............................. 35
    Telephone (land line)................... 60
    Mobile phone............................ 0
    TV Licence.............................. 12
    Satellite/Cable TV...................... 0
    Internet Services....................... 0
    Groceries etc. ......................... 390
    Clothing................................ 50
    Petrol/diesel........................... 80
    Road tax................................ 11
    Car Insurance........................... 15
    Car maintenance (including MOT)......... 20
    Car parking............................. 12
    Other travel............................ 10
    Childcare/nursery....................... 0
    Other child related expenses............ 0
    Medical (prescriptions, dentist etc).... 50
    Pet insurance/vet bills................. 20
    Buildings insurance..................... 0
    Contents insurance...................... 18
    Life assurance ......................... 0
    Other insurance......................... 0
    Presents (birthday, christmas etc)...... 0
    Haircuts................................ 20
    Entertainment........................... 0
    Holiday................................. 20
    Emergency fund.......................... 10
    presents/ birthdays/christmas........... 0
    opticians............................... 0
    prescriptions........................... 0
    dentists................................ 0
    cigarettes.............................. 0
    Total monthly expenses.................. 1039


    Assets
    Cash.................................... 0
    House value (Gross)..................... 0
    Shares and bonds........................ 0
    Car(s).................................. 800
    Other assets............................ 0
    Total Assets............................ 800

    No Secured nor Hire Purchase Debts

    Unsecured Debts
    Description....................Debt......Monthly...APR
    7 credit cards @ loa...........34000.....0.........0
    Total unsecured debts..........34000.....0.........-


    Monthly Budget Summary
    Total monthly income.................... 1,073
    Expenses (including HP & secured debts). 1,039
    Available for debt repayments........... 34
    Monthly UNsecured debt repayments....... 0
    Amount left after debt repayments....... 34

    Personal Balance Sheet Summary
    Total assets (things you own)........... 800
    Total HP & Secured debt................. -0
    Total Unsecured debt.................... -34,000
    Net Assets.............................. -33,200

    Created using the SOA calculator at https://www.makesenseofcards.com.
    Reproduced on Moneysavingexpert with permission, using Firefox browser.
  • dojoman
    dojoman Posts: 12,027 Forumite
    Are you both going BR? if so split the medical between you, as you will have to do individual SOA`s anyway. BLTN is spot on about it being too high on the SOA posted, my wife and I were allowed £30 each for medical on our SOA`s The emergency fund amount will not be allowed as well.
    :pB&SC No. 298
    Life`s Tragedy is that we get OLD too soon
    and WISE too late!
  • suejgem
    suejgem Posts: 42 Forumite
    okay dojo i have changed medical to about 50 would you have any idea on the other questions i asked or would i be better to put them on a different thread,yes both going br but mine is only a small amount of pension my soa will be very small just relates to my husbands, very gratefull for all the people who have answered your all excellent and thanks
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