Very confusing..

Alcofrolic

Not sure if anyone can advise or if I even know what im asking. My partner is going bankrupt on Tuesday and im worried that is isnt as clear cut as it needs to be.He has moved out of his property and is currently living with me, he received a letter giving him a court date of the 5th jan for reposession of his property. Does he need to go to court? Does he have to fill some forms in for that or will it just go on his bankruptcy? And what happens to the secured loans on the property?Also he currently has an attachment of earnings for unpaid council tax will this still be on when he goes bankrupt, how can we do an SOA when we dont know if he still has to pay it or not.Yorkshire water have also just taken him to court for another attachment of earnings but not sure if this has gone through, can you have more than one at once?.For the last few years he has just put his head in the sand hoping it would all go away and its got worse and worse. Also he has 4 kids with his ex and has to pay alot in child maintenance can this be added into the SOA?Going bankrupt on tuesday is a bit rushed but it was the first appointment we could get and were just terrified that if we dont do it now someone will start nocking on my door for money.

now

Alcofrolic wrote: »

Not sure if anyone can advise or if I even know what im asking. My partner is going bankrupt on Tuesday and im worried that is isnt as clear cut as it needs to be.He has moved out of his property and is currently living with me, he received a letter giving him a court date of the 5th jan for reposession of his property. Does he need to go to court? Does he have to fill some forms in for that or will it just go on his bankruptcy? And what happens to the secured loans on the property?Also he currently has an attachment of earnings for unpaid council tax will this still be on when he goes bankrupt, how can we do an SOA when we dont know if he still has to pay it or not.Yorkshire water have also just taken him to court for another attachment of earnings but not sure if this has gone through, can you have more than one at once?.For the last few years he has just put his head in the sand hoping it would all go away and its got worse and worse. Also he has 4 kids with his ex and has to pay alot in child maintenance can this be added into the SOA?Going bankrupt on tuesday is a bit rushed but it was the first appointment we could get and were just terrified that if we dont do it now someone will start nocking on my door for money.

Post your SOA and somebody will come along and help you go through it, try not to worry to much

Alcofrolic

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household.........
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1024
Partners monthly income after tax....... 800
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1824
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 595
Management charge (leasehold property).. 0
Council tax............................. 112
Electricity............................. 40
Gas..................................... 50
Oil..................................... 0
Water rates............................. 60.83
Telephone (land line)................... 22
Mobile phone............................ 0
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 19.99
Groceries etc. ......................... 350
Clothing................................ 50
Petrol/diesel........................... 50
Road tax................................ 15
Car Insurance........................... 61
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 15
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 22
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 50
Haircuts................................ 10
Entertainment........................... 0
Holiday................................. 20
Emergency fund.......................... 0
Child Maintenance....................... 200
Total monthly expenses.................. 1754.82

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 1500
Other assets............................ 0
Total Assets............................ 1500

No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
Total unsecured debts..........0.........0.........-

Monthly Budget Summary
Total monthly income.................... 1,824
Expenses (including HP & secured debts). 1,754.82
Available for debt repayments........... 69.18
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 69.18
Personal Balance Sheet Summary
Total assets (things you own)........... 1,500
Total HP & Secured debt................. -0
Total Unsecured debt.................... -0
Net Assets.............................. 1,500
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.

Alcofrolic

Just to explain a few things, the car is in my name and he uses it for work. The 800 is what I contribute to the bills not what I earn, do I have to put what I earn as I have some debts myself that I pay for that has nothing to do with him.