Revised SOA budget advice

fabian2010

Hi all,

I filed for bankruptcy in July 2010, so am part way through. Due to a change of jobs and a substantial reduction in salary, I am revising my SOA budget. Please could anybody give me some advice on the figures before I pass them on to the OR?

The income figures were calculated using the benefit adviser tool on direct.gov.uk, as I am changing jobs this month and don't yet know all the actual figures. The income and expense figures are close because I did have more expenses when I had more income, but I have had to prune my expenses to match my new income.

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.................... 1

Monthly Income Details
Monthly income after tax................ 1526
Partners monthly income after tax....... 0
Benefits................................ 890
Other income............................ 0
Total monthly income.................... 2416

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 875
Management charge (leasehold property).. 0
Council tax............................. 149
Electricity............................. 60
Gas..................................... 60
Oil..................................... 0
Water rates............................. 50
Telephone (land line)................... 17
Mobile phone............................ 37
TV Licence.............................. 13
Satellite/Cable TV...................... 0
Internet Services....................... 22
Groceries etc. ......................... 520
Clothing................................ 120
Petrol/diesel........................... 220
Road tax................................ 20
Car Insurance........................... 35
Car maintenance (including MOT)......... 50
Car parking............................. 0
Other travel............................ 40
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 15
Buildings insurance..................... 0
Contents insurance...................... 15
Life assurance ......................... 21
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 35
Entertainment........................... 0
Holiday................................. 40
Emergency fund.......................... 0
Dentist................................. 0
Dry cleaning............................ 0
School trips / activities............... 0
Total monthly expenses.................. 2414


Monthly Budget Summary
Total monthly income.................... 2,416
Expenses ............................... 2,414
Available for debt repayments........... 2


Many thanks in advance for any help.

dancingfairy

i would try the bankruptcy board as i am sure they will help.
http://forums.moneysavingexpert.com/forumdisplay.php?f=136
df

fabian2010

Oops. Posted to the wrong forum. I have submitted a posting into the bankruptcy board now, so please ignore this one. Thanks!