bankruptcy help very worried...

dojoman

LLoyds TSB are not BR friendly and I would not believe what you are told by their staff, the only 2 friendly BR accounts are the ones already mentioned.

arghhh

arghhhh so i'm back to square one with the bank accounts then, will be a right pain transferring over ALL the direct debits theres about 12-13 coming out each month to different companies...

How are mobile phones affected on this we currently have 2 on contract, minimum contracts for the phones we have

What about sky tv too are you still allowed to have that?

tigerfeet2006

I just bet they are keen for you to continue :mad:. What is your gut feeling about your situation? Do you really feel that you can continue in this situation for the next 5/6 years? Why don't you put your SoA up as it stands under the IVA and someone can show you how an OR may look at it. Obviously we can only go by our experiance on this and different OR's have different foibles but it should give you a good idea what could happen.

arghhh

sorry my SoA? am not sure on some of the abbreviations that are used on here yet?

tigerfeet2006

arghhh wrote: »

arghhhh so i'm back to square one with the bank accounts then, will be a right pain transferring over ALL the direct debits theres about 12-13 coming out each month to different companies... If you open a Co-op Cashminder then they will change all the DD's over for you if you wish. You can open it over the phone and if you have no branch nearby then you can use the Post Office to make deposits. You can internet and phone banking, DD's and SO's, a Visa debit acard and use any Link Cash machine.


How are mobile phones affected on this we currently have 2 on contract, only basic contract but its still a contract :S Do you want to keep them?

What about sky tv too are you still allowed to have that?

Sky is not allowed on your SoA but if you can find the money for it from else where in your SoA then you can still have it.

tigerfeet2006

arghhh wrote: »

sorry my SoA? am not sure on some of the abbreviations that are used on here yet?

Statement of Afffairs (sorry my bad ) Will go and find a link for you.

Here we go
http://www.makesenseofcards.com/soacalc.html

arghhh

I would if possible like to keep mobile phone contracts, we've never had a prob and always paid them on time too


i also have a gym membership am i allowed to keep this or would it be terminated and the rest of the annual fees due then end up adding onto the debt if we went bankrupt

arghhh

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 Expense Details
Mortgage................................ 584
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 90
Electricity............................. 80
Gas..................................... 80
Oil..................................... 0
Water rates............................. 55
Telephone (land line)................... 10
Mobile phone............................ 30
TV Licence.............................. 12
Satellite/Cable TV...................... 70
Internet Services....................... 35
Groceries etc. ......................... 550
Clothing................................ 60
Petrol/diesel........................... 100
Road tax................................ 6
Car Insurance........................... 45
Car maintenance (including MOT)......... 100
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 72
Medical (prescriptions, dentist etc).... 30
Pet insurance/vet bills................. 30
Buildings insurance..................... 25
Contents insurance...................... 25
Life assurance ......................... 1
Other insurance......................... 0
Presents (birthday, christmas etc)...... 50
Haircuts................................ 20
Entertainment........................... 16
Holiday................................. 100
Emergency fund.......................... 100
Total monthly expenses.................. 2376



Monthly Budget Summary
Total monthly income.................... 1,996
Expenses (including HP & secured debts). 2,376

this is based on what we are paying now with the IVA company and not the new reduced payments they are proposing


hope it works, the income and expenditure sheet i have from the IVA company in front of me seems to have different results even tho i have copied it the same....

philnicandamy

arghhh wrote: »

I would if possible like to keep mobile phone contracts, we've never had a prob and always paid them on time too


i also have a gym membership am i allowed to keep this or would it be terminated and the rest of the annual fees due then end up adding onto the debt if we went bankrupt

Mobiles? shouldnt be an issue as long as the monthly payments are not too high

Gym membership however is usually only allowed on medical grounds (you would require proof to back it up as well)

arghhh

Not sure i would get the gym membership on medical grounds so i guess i have to factor in that i may possibly loose that too then...

I am awaiting a callback from my IVA company they are getting the manager person to ring me to discuss the bankruptcy thing further with us and where we would stand e.t.c