my soa please help

sweet_pea_3

Hi i have on advice of cccs and nat debt line got an appt to go br on 22 march, my hubby went br 3 yrs ago and due to a !!!! up at the bank a loan which we were told was only in his name has now been tied to me and there is no way i can pay it off. Am trying to fill in forms but am unsure of what contributions I should put for him.
I have filled in everything we pay and get butthe car and all associated costs is not really mine as i dont drive it. please help!!!!!!
sorry, never been on forums really and not sure if posting correctly but do need help.

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 2
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 0
Partners monthly income after tax....... 650
Benefits................................ 680
Other income............................ 0
Total monthly income.................... 1330
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 500
Management charge (leasehold property).. 0
Council tax............................. 70
Electricity............................. 40
Gas..................................... 60
Oil..................................... 0
Water rates............................. 30
Telephone (land line)................... 22
Mobile phone............................ 30
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 230
Clothing................................ 40
Petrol/diesel........................... 110
Road tax................................ 10
Car Insurance........................... 37
Car maintenance (including MOT)......... 20
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 25
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 20
Haircuts................................ 10
Entertainment........................... 20
Holiday................................. 10
Emergency fund.......................... 0
Total monthly expenses.................. 1296

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
loan...........................15000.....0........ .0
power..........................900.......0........ .0
Total unsecured debts..........15900.....0.........-

Monthly Budget Summary
Total monthly income.................... 1,330
Expenses (including HP & secured debts). 1,296
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)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -15,900
Net Assets.............................. -15,900

southantrim3

Not sure how to advise you - it looks pretty tight.
Hope others are able to help.
Take care of yourselves .

tigerfeet2006

sweet_pea wrote: »

Hi i have on advice of cccs and nat debt line got an appt to go br on 22 march, my hubby went br 3 yrs ago and due to a !!!! up at the bank a loan which we were told was only in his name has now been tied to me and there is no way i can pay it off. Am trying to fill in forms but am unsure of what contributions I should put for him.
I have filled in everything we pay and get butthe car and all associated costs is not really mine as i dont drive it. please help!!!!!!
sorry, never been on forums really and not sure if posting correctly but do need help.

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 2
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 0
Partners monthly income after tax....... 650
Benefits................................ 680
Other income............................ 0
Total monthly income.................... 1330
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 500
Management charge (leasehold property).. 0
Council tax............................. 70
Electricity............................. 40
Gas..................................... 60
Oil..................................... 0
Water rates............................. 30
Telephone (land line)................... 22
Mobile phone............................ 30 just put with the land line
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 230
Clothing................................ 40
Petrol/diesel........................... 110 the car and associated bills is your OH's expence so take it off and reduce his contrbution by that amount.
Road tax................................ 10 as above
Car Insurance........................... 37 as above
Car maintenance (including MOT)......... 20 as above
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 25
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 20 not allowed
Haircuts................................ 10 £20
Entertainment........................... 20 not allowed
Holiday................................. 10
Emergency fund.......................... 0
Total monthly expenses.................. 1296

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
loan...........................15000.....0........ .0
power..........................900.......0........ .0
Total unsecured debts..........15900.....0.........-

Monthly Budget Summary
Total monthly income.................... 1,330
Expenses (including HP & secured debts). 1,296
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)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -15,900
Net Assets.............................. -15,900

Do the alterations and anything left put onto groceries. Hope that helps.

Tupperware_Queen

you can't have presents and entertainment, but you can have an emergency fund and more on grocery shopping so shift some of it over. Increase your groceries too so that you have less than £20 over, as this is the limit now for an IPA.

Tupperware_Queen

Tiger beat me to it!!

tigerfeet2006

@ TQ.

Thought about the Emergancy Fund but with the SoA being so tight
I think it is better off in groceries.

Sweet Pea, bung your details into the www.entitledto.co.uk website and make sure you are getting all your benefits as a family.

kepar

Is that your husbands full income or what he contributes?

sweet_pea_3

Thats his full income, he is only working part time as he is also a full time student, we are also funding his studies as he wasnt eligible for student finance. Just not sure if i should put his full income down like that or if some of it should be kept back as it is only me going br. thanks for all replies so far

kepar

Do you need a car, your outgoings for a car are circa £180. After going br do you think you can afford this expense?

I cannot see how you will get an IPA as your income is all benefits, but this is a large outgoing.

tigerfeet2006

Sweet Pea as I said in my post, take the car expenses off and reduce your OH's contribution.

Also check out the link I posted.

sweet_pea_3

my husband needs the car for work and college, I sold mine last year as couldnt afford it. it will only be me going br as he alrweady has been for 3 yrs.