Just don't know what to do - DRO or BR?

SimIsOnTheUp

Hiya,

I'm hoping someone could please advise on my best course of action.

I posted before here -

https://forums.moneysavingexpert.com/discussion/3184544

My more up - to - date SOA is below -

Statement of Affairs and Personal Balance Sheet

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

Monthly Income Details
Monthly income after tax................ 0
Partners monthly income after tax....... 0
Benefits................................ 587.52
Other income............................ 0
Total monthly income.................... 587.52

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 317.92
Management charge (leasehold property).. 0
Council tax............................. 0
Electricity............................. 60
Gas..................................... 0
Oil..................................... 0
Water rates............................. 31.8
Telephone (land line)................... 13.49
Mobile phone............................ 35
TV Licence.............................. 24.25
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 160
Clothing................................ 10
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
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...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 0
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 652.46


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
Rent Arrears + Costs...........351.......0.........0
Council Tax (L.O)..............460.......0.........0
Council Tax....................169.......0.........0
O2 BB / Fredrick Intl..........63........0.........0
Ex - Partner...................2049......0.........0
Santander O / D................1673......0.........0
O2 / Moorcroft DCA.............481.......0.........0
O2 / Lowell DCA................1056......0.........0
O2 / Red DCA...................589.......0.........0
Shop Direct2 / Lowell..........533.......0.........0
Shop Direct1 / Lowell..........537.......0.........0
Vanquis / Lowell...............359.......0.........0
Capital 1 / Lowell.............689.......0.........0
Cabot DCA......................115.......0.........0
Arvato DCA.....................924.......0.........0
DWP Social Fund................950.......0.........0
HB Overpayment.................2321......0.........0
ESA Overpayment................431.......0.........0
Severn Trent Water.............188.......0.........0
NPower Electric................906.......0.........0
Total unsecured debts..........14844.....0.........-


Monthly Budget Summary
Total monthly income.................... 587.52
Expenses (including HP & secured debts). 652.46
Available for debt repayments........... -64.94
Monthly UNsecured debt repayments....... 0
Amount short for making debt repayments. -64.94

Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -14,844
Net Assets.............................. -14,844

Created using the SOA calculator at https://www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using other browser.

I'm aware of the £15K threshold for the DRO, and it's cutting it fine already.

The Santander debt is due to increase by £150 on 13th May (when they add charges). Santander are still yet to close the account.

That then makes my debt £14,994 on 13th May, after they've added those charges.

I've got all of my statements together, ready to send to CCCS for the DRO, but am just worried that by the time they put it through / I've got £90 to pay the DRO fee, I'll be over the £15K threshold

Am still waiting for some statements, to show debts for -

Rent;
Council Tax;
Housing Benefit Overpayment;
Santander;

I feel stuck, as I can't even afford the £90 fee, and within weeks I'll be going over the £15K limit.

Then if I have to go bankrupt, there's no way I can afford the £500 - 600 fees.

Embarrassingly, I went BR back in 2003; Discharged 2005.

Am worried I'm going to be in serious trouble for having to go BR a second time.

Thanks for letting me get everything down on here,

Sim.

SimIsOnTheUp

Forgot to say, by next week I should be bringing in an extra £25 per week from 'Permitted Work', while on ESA.

That then should balance the figures, giving me a surplus of £35 per month left over.

Ineedaname

Would your ex partner be willing to suspend payments for a year? That would put you under the £15k threshold if you didn't declare what you owe to the ex. Don't know if that's allowable, but as it's not a traceable debt...

SimIsOnTheUp

Ineedaname wrote: »

Would your ex partner be willing to suspend payments for a year? That would put you under the £15k threshold if you didn't declare what you owe to the ex. Don't know if that's allowable, but as it's not a traceable debt...

Great idea, thanks.

It is tempting. I don't want to break any laws though

Don't think my ex would be reasonable about this anyway.

Also, I declared it to the CCCS guy over the phone last month, and it's showing on my budget under 'Misc' as 'Loan from family / friends'.

I feel completely stuck :cool:

SimIsOnTheUp

Good Morning all,

Thinking things through, and trying to decide on the best course of action.

Looks like BR is going to have to be it

SimIsOnTheUp

Having just got off the phone to Severn Trent Water; Updated SOA -

Statement of Affairs and Personal Balance Sheet

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

Monthly Income Details
Monthly income after tax................ 0
Partners monthly income after tax....... 0
Benefits................................ 587.52
Other income............................ 0
Total monthly income.................... 587.52

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 317.92
Management charge (leasehold property).. 0
Council tax............................. 0
Electricity............................. 60
Gas..................................... 0
Oil..................................... 0
Water rates............................. 31.8
Telephone (land line)................... 13.49
Mobile phone............................ 35
TV Licence.............................. 24.25
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 160
Clothing................................ 10
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
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...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 0
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 652.46


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
Rent Arrears + Costs...........351.......0.........0
Council Tax (L.O)..............460.......0.........0
Council Tax....................169.......0.........0
O2 BB / Fredrick Intl..........63........0.........0
Ex - Partner...................2049......0.........0
Santander O / D................1673......0.........0
O2 / Moorcroft DCA.............481.......0.........0
O2 / Lowell DCA................1056......0.........0
O2 / Red DCA...................589.......0.........0
Shop Direct2 / Lowell..........533.......0.........0
Shop Direct1 / Lowell..........537.......0.........0
Vanquis / Lowell...............359.......0.........0
Capital 1 / Lowell.............689.......0.........0
Cabot DCA......................115.......0.........0
Arvato DCA.....................924.......0.........0
DWP Social Fund................950.......0.........0
HB Overpayment.................2321......0.........0
ESA Overpayment................431.......0.........0
Severn Trent Water.............203.13....0.........0
NPower Electric................906.......0.........0
Total unsecured debts..........14859.13..0.........-


Monthly Budget Summary
Total monthly income.................... 587.52
Expenses (including HP & secured debts). 652.46
Available for debt repayments........... -64.94
Monthly UNsecured debt repayments....... 0
Amount short for making debt repayments. -64.94

Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -14,859.13
Net Assets.............................. -14,859.13

Created using the SOA calculator at https://www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using other browser.

mazzatee

Hi

In relation to your debts, can your ex partner prove that she lent you the money?

Only provable debts go into the DRO and for most people loans from family/friends are so difficult to prove as very few draw up agreements to sign.

You said you are sending in the statements to CCCS, would it be a good idea to ring them and check whether this has to be included?

SimIsOnTheUp

mazzatee wrote: »

Hi

In relation to your debts, can your ex partner prove that she lent you the money?

Only provable debts go into the DRO and for most people loans from family/friends are so difficult to prove as very few draw up agreements to sign.

You said you are sending in the statements to CCCS, would it be a good idea to ring them and check whether this has to be included?

Hi mazzatee,

Good point.

She can't actually prove the loan as such. I mean, she can probably show debit card payments from her account, but the actual existence of a 'loan' can't really be proved, no.

The irony, is that I asked her last week to send me something in writing so I have something in writing for the debt, to show CCCS.

But now, I'm over the DRO £15K limit.

I will indeed call CCCS in a min.

Many Thanks.