Soa ok ? I need urgent help

gatostar

Hi, i´m planning to go bancrupt soon, and in order to get an idea if my soa is ok, I need advise:

Household Information
Number of adults in household........... 1
Number of children in household......... 0
Number of cars owned....................... 1

Monthly Income Details
Monthly income after tax................ 1130
Partners monthly income after tax....... 0
Benefits............................................. 0
Other income..................................... 0
Total monthly income.................... 1130

Monthly Expense Details
Mortgage...................................................... 0
Secured/HP loan repayments......................... 0
Rent.......................................................... 525
Management charge (leasehold property)....... 0
Council tax.................................................. 71
Electricity.................................................... 50
Gas.............................................................. 0
Oil................................................................ 0
Water rates................................................... 0
Telephone (land line).................................... 40
Mobile phone................................................ 20
TV Licence................................................... 12
Satellite/Cable TV.......................................... 0
Internet Services........................................... 10
Groceries etc. .............................................. 170
Clothing........................................................ 40
Petrol/diesel................................................. 90
Road tax....................................................... 10
Car Insurance............................................... 45
Car maintenance (including MOT)...................... 20
Car parking..................................................... 0
Other travel.................................................... 0
Childcare/nursery........................................... 0
Other child related expenses............................ 0
Medical (prescriptions, dentist etc)................. 10
Pet insurance/vet bills..................................... 0
Buildings insurance.......................................... 0
Contents insurance.......................................... 6
Life assurance ................................................ 0
Other insurance............................................... 0
Presents (birthday, christmas etc).................... 0
Haircuts......................................................... 10
Entertainment................................................. 0
Holiday.......................................................... 20
Emergency fund.............................................. 0
Total monthly expenses........................................ 1149


Assets
Cash............................................ 0
House value (Gross)..................... 0
Shares and bonds......................... 0
Car(s)......................................... 600
Other assets................................ 0
Total Assets................................ 600

No Secured nor Hire Purchase Debts

Unsecured Debts
Description....................Debt......Monthly...APR
payment........................72000.....0.........0
Total unsecured debts..........72000.....0.........-


Monthly Budget Summary
Total monthly income............................. 1,130
Expenses (including HP & secured debts). 1,149
Available for debt repayments................. - 19
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments.......... - 19

Personal Balance Sheet Summary
Total assets (things you own)........... 600
Total HP & Secured debt................. -0
Total Unsecured debt.................... -72,000
Net Assets.................................. -71,400

kepar

Is your car tax exempt?

gatostar

thanx, just amended....

FuzzyCub

Whilst I'm not great at these I did notice your SOA shows a deficit of £9 after BR is this correct? How do you plan to cover this?

I'm sure some of those helpful brainy types will be along soon to help.

gatostar

U R right,now it looks better.....

feelsolow

Hi Gatostar.

I'm no expert but after looking at other SOA's on here the following jumped out at me.

Council tax is very low - even with 1 person discount.
Electricity is very low especially as you don't have gas or oil. I've seen that others have been advised to lump their landline and mobile in together.
Are your Internet services required for work?

Hth

gatostar

Any more comments would be appreciated.....

Madmonk

You don't have anything for water rates?

MM

gatostar

No,water is included in the rent...