A new SOA for myself

fergusor

Hi guys,

I'm so sorry about this, but I'd like to do an SOA for myself, can advise if there's anything else I could claim?

This is just my expenses each month...

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 1
Number of children in household.........
Number of cars owned.................... 0
Monthly Income Details
Monthly income after tax................ 1900
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1900
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 437.50
Management charge (leasehold property).. 0
Council tax............................. 80
Electricity............................. 20
Gas..................................... 25
Oil..................................... 0
Water rates............................. 20
Telephone (land line)................... 14
Mobile phone............................ 46
TV Licence.............................. 7
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 260
Clothing................................ 30
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 260 (£208 train, £52 bus)
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 20
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 16
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 10
Entertainment........................... 0
Holiday................................. 30
Emergency fund.......................... 10
Total monthly expenses.................. 1285.50

Is this an acceptable SOA to speak to the OR about?

Thanks again guys, and sorry to mess you around. I have my meeting with the CCCS tomorrow so I can see what they say.

Richard.

fergusor

Also can I say that the £1900 is my normal take home pay, sometimes I get overtime as well.

For the past few months I've been working on a project where I worked between 2 and 10 hours a month o/t. From the end of this month that's likely to slow down a fair bit, how will the OR take this into account?

JCS1

fergusor wrote: »

Hi guys,

I'm so sorry about this, but I'd like to do an SOA for myself, can advise if there's anything else I could claim?

This is just my expenses each month...

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 1
Number of children in household.........
Number of cars owned.................... 0
Monthly Income Details
Monthly income after tax................ 1900
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1900
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 490
Management charge (leasehold property).. 0
Council tax............................. 80
Electricity............................. 40
Gas..................................... 40
Oil..................................... 0
Water rates............................. 20
Telephone (land line)................... 14
Mobile phone............................ 46 Might be slightly high
TV Licence.............................. 7
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 260 £200
Clothing................................ 30 £40
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 260 (£208 train, £52 bus) Keep receipts, as high amount and OR might want these
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 20
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 16
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 10
Entertainment........................... 0
Holiday................................. 30
Emergency fund.......................... 10
Total monthly expenses.................. 1373

Is this an acceptable SOA to speak to the OR about?

Thanks again guys, and sorry to mess you around. I have my meeting with the CCCS tomorrow so I can see what they say.

Richard.

Any professional membership, dry cleaning?

I've based comments based on one person, the examiner might want you to re-do for joint household though

JCS1

fergusor wrote: »

Also can I say that the £1900 is my normal take home pay, sometimes I get overtime as well.

For the past few months I've been working on a project where I worked between 2 and 10 hours a month o/t. From the end of this month that's likely to slow down a fair bit, how will the OR take this into account?

They might ask to see copy payslips for a while until the overtime reduces back to a more 'normal' amount.

Ineedaname

Gas and electric seem high if only for you, I only pay £70 pcm for both together and that's with a very old inefficient gas back boiler.

Mobile won't be allowed unless absolutely necessary for work.

Is your joint rent really £980 pcm? How big is the house and are you in an affluent area?

I still maintain that the OR won't be very happy about you claiming public transport costs if you are getting a lift to work and will probably ask for receipts anyway. Best to be honest and claim a petrol allowance instead.

I agree with JCS1 though that even if you submit the above to the Court, the OR will probably insist on a new SOA for two people in the house. If everyone in a relationship could get away with not declaring their partner's income and full household expenditure then they would. It just doesn't work that way.

You seem to have quite a big chunk left over every month, have you taken advice from any of the free debt advice charities as to whether an IVA or DMP might be more appropriate for your situation than BR?

mel12

You can't include mobile, but telephone can be increased to about £30 (from which you could probably get a PAYG mobile as well as landline).


You don't have to put your partner's entire income, but their contribution to the household. As a guideline this should usually be proportionate to income - eg if he earns 40% of the income he should contribute roughly 40% of expenses.

kepar

Looking at the figures you are going to get hammered for an IPA, therefore I suggest that the OR could be more lenient with you in some areas because of this.
You could be looking at an IPA of at least £500 a month for 36 months and if you get overtime as well all that extra will be lost. As we don't know your debt we cannot really suggest any other option, but like Ineed mentions maybe there are other solutions to your problem.

Hopefully your debts are way over £25k because you could end up paying that back if overtime and pay increases occur. If your debts aren't that high please get extra help as you have a high surplus each month to pay off your debt.

SunshineBear

In a previous thread:

fergusor wrote: »

No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
Credit card....................6900......175.......0
Credit card....................4585......138.......0
overdraft......................920.......46........0
Car finance....................8213......411.......0
Phone..........................273.......14........0
loan...........................56038.....530.......0
Credit Card....................2303......70........0
Overdraft......................9276......464.......0
Credit Card....................10515.....316.......0
Credit Card....................4917......148.......0
Mortgage shortfall.............9000......470.......0
Total unsecured debts..........112940....2782......-

Monthly Budget Summary
Total monthly income.................... 1,900
Expenses (including HP & secured debts). 1,458
Available for debt repayments........... 442
Monthly UNsecured debt repayments....... 2,782
Amount short for making debt repayments. -2,340
Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -112,940
Net Assets.............................. -112,940
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.

fergusor

Hi guys,

I've updated my rent and utility bill information, I got those wrong.

I have a meeting with CCCS today so see what they can suggest. Last time they suggested an IVA but I've spoken to a few people on here and they said BR would be better as most people who take IVA as an option only end up going BR anyway. What other options are open to me? Am I being blinkered into thinking BR is the best option?

I'm completely aware they could be taking over £500 a month from me, I have no issue with that whatsoever... I'm in this position and I don't want to shy away from it. What I want to make sure is I don't end up getting my partner to pay more than his half, he has other responsibilities that I don't have to pay for.

Ineedaname

As we've mentioned on your other thread, your partner will be solely responsible for his car but you may be able to include an amount towards petrol as getting a lift to work is saving you high public transport costs. If you got a lift to/from work from a colleague no doubt you'd be expected to pay towards their petrol.

You will at some point have to declare your partner's contribution to the household expenditure and as your partner earns more then their contribution will be expected to be more. You may be able to negotiate with the OR for a smaller contribution due to your partner's own personal financial commitments.

But in some way your partner will be impacted by you going BR.

Maybe an IVA would be a better way forward? Have you investigated how this would be worked out and the potential impact on your partner for going down the IVA route?

You seem intent on going BR but not happy about the impact it will likely have on your joint finances. But you have been given debt charity advice to take on an IVA...

SunshineBear

You need to make sure your partner is on side, you cant do this without impacting on him and without his help and support.