Bankruptcy Help.

missgem

Also are you allowed tobacco money? As i currently spend £120 a month but have halved in just in case they wouldnt let me? x

mum2one

Sorry if this sounds daft, but your rent you've only put down as £85, guessing thats a week payment - hense that could be where the difference comes from.

Don't think you'd be allowed a tobacco allowance, think would need to be in the grocery budget.
x

tigerfeet2006

missgem wrote: »

Also are you allowed tobacco money? As i currently spend £120 a month but have halved in just in case they wouldnt let me? x

Nope! no allowance for cigerettes.

missgem wrote: »

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 3
Number of cars owned.................... 2
Monthly Income Details
Monthly income after tax................ 620
Partners monthly income after tax....... 350
Benefits................................ 2049
Other income............................ 0
Total monthly income.................... 3019
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 85
Management charge (leasehold property).. 0
Council tax............................. 25
Electricity............................. 75 js this a true amount or does it include arrears?
Gas..................................... 75 ditto
Oil..................................... 0
Water rates............................. 40
Telephone (land line)................... 20
Mobile phone............................ 30 put with land line and max of £60
TV Licence.............................. 12
Satellite/Cable TV...................... 20 Not allowed on your SoA. It must come out of your surplus
Internet Services....................... 10 only allowed if needed for work or childs study
Groceries etc. ......................... 600
Clothing................................ 100
Petrol/diesel........................... 170
Road tax................................ 32
Car Insurance........................... 101
Car maintenance (including MOT)......... 40
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 1300 UM!! THIS IS MORE THAN YOUR INCOME :eek:
Other child related expenses............ 0 £5 per child per week for activities. £2 per day for school dinners at primary and £3 at secondary
Medical (prescriptions, dentist etc).... 0 £30
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 12
Life assurance ......................... 0
Other insurance......................... 23 what is this?
Presents (birthday, christmas etc)...... 40 most OR's will not allow this.
Haircuts................................ 30 £35
Entertainment........................... 30 not allowed
Holiday................................. 0
Emergency fund.......................... 0 £40/50
Work Meals.............................. 30 must come from housekeeping
Tobacco................................. 60 not allowed
Total monthly expenses.................. 2960

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.................... 3,019
Expenses (including HP & secured debts). 2,960
Available for debt repayments........... 59
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 59
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 www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.

Confused as the IVA lady told me we were minus £200, also the rent and council tax is increasing this month to £130 rent and £50 council tax, could be more i dont know just yet x

Have a play with those figures, put the rent/CT at what you think it is going to be.

mum2one

missgem wrote: »

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 3
Number of cars owned.................... 2
Monthly Income Details
Monthly income after tax................ 620
Partners monthly income after tax....... 350
Benefits................................ 2049
Other income............................ 0
Total monthly income.................... 3019
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 85 - think this should be more - guessing you've
Management charge (leasehold property).. 0
Council tax............................. 25 - sorry ro ask again but that looks very cheap for a month
Electricity............................. 75
Gas..................................... 75
Oil..................................... 0
Water rates............................. 40
Telephone (land line)................... 20 - when I did a Soa for me on CCCS website (mine was curious for DMP) - it allowed £52 for telephone and internet all in one line
Mobile phone............................ 30
TV Licence.............................. 12
Satellite/Cable TV...................... 20 - the site said it would allow me £24, -
Internet Services....................... 10
Groceries etc. ......................... 600
Clothing................................ 100 - don't forget theres 3 sets of childrens shoes, possible school uniforms, pe kits, extra sets etc- consider upping it to £150
Petrol/diesel........................... 170
Road tax................................ 32
Car Insurance........................... 101
Car maintenance (including MOT)......... 40
Car parking............................. 0 - even if you put £10 - there may be ocassions when you need to park
Other travel............................ 0
Childcare/nursery....................... 1300
Other child related expenses............ 0 - there is an allowance - think CCCS was £11 per month per child pocket money and £6 per month for out of school activities)
Medical (prescriptions, dentist etc).... 0 - are all prescriptions covered - thinking may be worth putting a prescription in here)
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 12
Life assurance ......................... 0
Other insurance......................... 23
Presents (birthday, christmas etc)...... 40
Haircuts................................ 30 - average hair cut is 6 weekly, 3 kids 2 adults - up to £40
Entertainment........................... 30
Holiday................................. 0
Emergency fund.......................... 0 - add in
Work Meals.............................. 30
Tobacco................................. 60 - check whether this is allowed
Total monthly expenses.................. 2960

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.................... 3,019
Expenses (including HP & secured debts). 2,960
Available for debt repayments........... 59
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 59
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 www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.

Confused as the IVA lady told me we were minus £200, also the rent and council tax is increasing this month to £130 rent and £50 council tax, could be more i dont know just yet x

Just popped a couple of thoughts in. xx

sent a pm exlaining etc xx

missgem

Redone as follows: Gas and Electric is £150 a month for both via direct debit, when i moved in it was only £70 for both and has risen and risen, and ive recently changed to a different plan to try bring it down. The £23 for insurance is for public liablity of my husband, and cooker and washer insurance. I dont pay for dental etc due to being on a low income we are exempt at the minute. My rent and council tax is low due to getting housing benefit. But all this can change x


Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 3
Number of cars owned.................... 2
Monthly Income Details
Monthly income after tax................ 620
Partners monthly income after tax....... 350
Benefits................................ 2049
Other income............................ 0
Total monthly income.................... 3019
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 130
Management charge (leasehold property).. 0
Council tax............................. 50
Electricity............................. 75
Gas..................................... 75
Oil..................................... 0
Water rates............................. 40
Telephone (land line)................... 60
Mobile phone............................ 0
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 10
Groceries etc. ......................... 650
Clothing................................ 100
Petrol/diesel........................... 170
Road tax................................ 32
Car Insurance........................... 101
Car maintenance (including MOT)......... 40
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 1300
Other child related expenses............ 22
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 12
Life assurance ......................... 0
Other insurance......................... 23
Presents (birthday, christmas etc)...... 0
Haircuts................................ 35
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 50
(Unnamed monthly expense)............... 0
(Unnamed monthly expense)............... 0
Total monthly expenses.................. 2987

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.................... 3,019
Expenses (including HP & secured debts). 2,987
Available for debt repayments........... 32
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 32
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 www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.

missgem

Is it true that the OR only takes any money if the surplus is above £100? or could they take the £32 for example? x

tigerfeet2006

missgem wrote: »

Is it true that the OR only takes any money if the surplus is above £100? or could they take the £32 for example? x

Nope! new rules is they look to take anything over £20. I would up the Other Child Expenses to get rid of any surplus.

missgem

If i quit work, and i know what my tax credits would be then the above would be minus £151 hahaha think i may leave work for a bit!

missgem

tigerfeet2006 wrote: »

Nope! new rules is they look to take anything over £20. I would up the Other Child Expenses to get rid of any surplus.

What else could i put though? So i need to be £20 or a minus figure, when it actually comes to giving them all these figures, do you have to have proof of them, ie your saying to up child expenses, etc. This is what scares me, what if i go and pay £1200 in court to go bankrupt and when they have done all the expenditure, im left with money according to there guidelines that they allow and follow, then im screwed, this is the only thing putting me off, besides being scared of losing my posessions in my property and my car (

tigerfeet2006

The OR will allow your children a chance to go swimming or cubs or similar so just up that to bring you under the £20 mark.

If you have taken advice on going BR from a debt charity then you won't be refused. If you are worried run your SoA past the charity of your choice. We can tell you what we have experianced but every OR is different and the figures are only guidelines so they may still disallow something to give you a IPA. Meant to say that they may disallow the washing machine insurance so get as near to £o as you can without looking to contrived.