Please take a look at my SOA....

carrie6874

Number of adults in household........... 1
Number of children in household......... 1
Number of cars owned.................... 1

Monthly Income Details
Monthly income after tax................ 743
Benefits................................ 563
Other income............................ 200
Total monthly income.................... 1506

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 347
Management charge (leasehold property).. 0
Council tax............................. 85
Electricity............................. 80
Gas..................................... 40
Oil..................................... 0
Water rates............................. 27
Telephone (land line)................... 20
Mobile phone............................ 20
TV Licence.............................. 13
Satellite/Cable TV...................... 0
Internet Services....................... 16 (For child's school work)
Groceries etc. ......................... 300
Clothing................................ 60
Petrol/diesel........................... 160
Road tax................................ 15
Car Insurance........................... 40
Car maintenance (including MOT)......... 30
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 50
Other child related expenses............ 44 (Marshall arts & school trips)
Medical (prescriptions, dentist etc).... 22 (Contact Lenses)
Pet insurance/vet bills................. 30
Buildings insurance..................... 0
Contents insurance...................... 7
Life assurance ......................... 2
Other insurance......................... 7
Presents (birthday, christmas etc)...... 0
Haircuts................................ 18
Entertainment........................... 0
Holiday................................. 50
Emergency fund.......................... 20
Total monthly expenses.................. 1503


Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 850
Other assets............................ 0



Any thoughts?

Can you have any allowance for presents at all?
Will the OR allow my son's marshall arts classes as I can argue he needs to attend them due to his special educational needs....?

Teen_the_Drama_Queen

Sorry to be the bearer of bad news, but sadly, no, the OR doesn't allow for presents . They don't allow for vet bills/pet insurance either.

Hopefully, someone else who knows the ins and outs of an SOA will be along to advise where you can make adjustments so that you have a bit of wiggle room on other monthly outgoings, so that you can buy your loved ones the odd gift and not look like the scrooge of the family

If I remember correctly the OR allowed us £20 per month contingency and you are allowed some for a modest holiday.

tigerfeet2006

carrie6874 wrote: »

Number of adults in household........... 1
Number of children in household......... 1
Number of cars owned.................... 1

Monthly Income Details
Monthly income after tax................ 743
Benefits................................ 563
Other income............................ 200
Total monthly income.................... 1506

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 347
Management charge (leasehold property).. 0
Council tax............................. 85
Electricity............................. 80 Is there any reason that this is quite high?
Gas..................................... 40
Oil..................................... 0
Water rates............................. 27
Telephone (land line)................... 20
Mobile phone............................ 20
TV Licence.............................. 13
Satellite/Cable TV...................... 0
Internet Services....................... 16 (For child's school work)
Groceries etc. ......................... 300
Clothing................................ 60
Petrol/diesel........................... 160
Road tax................................ 15
Car Insurance........................... 40
Car maintenance (including MOT)......... 30
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 50
Other child related expenses............ 44 (Marshall arts & school trips) The OR usually allows around £5 per week for activities. How old is your child?
Medical (prescriptions, dentist etc).... 22 (Contact Lenses)
Pet insurance/vet bills................. 30 The OR may cut this to £20/25 but leave as it is and see.
Buildings insurance..................... 0
Contents insurance...................... 7 Does this include accidental damage. If not I would suggest you add it if you can.
Life assurance ......................... 2 The OR may be interested in this.
Other insurance......................... 7 what is this?
Presents (birthday, christmas etc)...... 0
Haircuts................................ 18 £15
Entertainment........................... 0
Holiday................................. 50
Emergency fund.......................... 20
Total monthly expenses.................. 1503


Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 850
Other assets............................ 0



Any thoughts?

Can you have any allowance for presents at all?
Will the OR allow my son's marshall arts classes as I can argue he needs to attend them due to his special educational needs....?

What sort of job do you do?

carrie6874

The electric is actually higher as I'm paying off arrears from bad estimated bills - actually paying £110 but thought £80 might be more acceptable.
My son is 9 and it would be really detrimental to his education and wellbeing if the OR didn't allow the marshall arts - is there no room for negotiation on these matters?
The £2 life insurance is just a £30000 accidental death policy - it doesn't pay out at all unless I meet with a sticky end! Would the OR really care about this? It's just 2 quid....
The other insurance is washing machine/tumble dryer repair insurance - I'd be lost without them!

I'd be very interested to know where the OR expects you to get your hair cut - my son's hair is £8 quid monthly as it is!

carrie6874

Oh and I work in an office - smart/casual clothes.

kepar

If the OR only allows £20 (£5 a week) for your son's activities , it doesn't mean he cannot continue with it, it just means that you will have to take money from a different allowance.

Surely by paying back extra on the electricity you are favouring a creditor, can't you put your electricity debt into the br?

philnicandamy

carrie6874 wrote: »

The electric is actually higher as I'm paying off arrears from bad estimated bills - actually paying £110 but thought £80 might be more acceptable.
My son is 9 and it would be really detrimental to his education and wellbeing if the OR didn't allow the marshall arts - is there no room for negotiation on these matters?
The £2 life insurance is just a £30000 accidental death policy - it doesn't pay out at all unless I meet with a sticky end! Would the OR really care about this? It's just 2 quid....Fraid so....they'll take a £2 premium bond to cash that they'll take your insurance unless you buy out the recivers interest
The other insurance is washing machine/tumble dryer repair insurance - I'd be lost without them! depends on the receiver really they may allow then again you might have to find the money elsewhere

I'd be very interested to know where the OR expects you to get your hair cut - my son's hair is £8 quid monthly as it is! shop around does he really need a haircut once a month? I know I dont and pay considerably less than that

carrie6874 wrote: »

Oh and I work in an office - smart/casual clothes.

allow £10-15 for dry cleaning costs then

philnicandamy

and I agree with Kepar the arrears on the elec should be included in the bankruptcy you cannot favor one creditor over another

carrie6874

Thanks for your feedback.

It didn't even occur to me that arrears with the electric should be part of the BR cos they just adjust the direct debit to cover the higher than the estimate bill.....hmmm....

Oh and yes my son's hair grows incredibly quickly and I live in an expensive town!

I didn't really understand this "Fraid so....they'll take a £2 premium bond to cash that they'll take your insurance unless you buy out the recivers interest" - can anyone explain what this means please? I don't get any kind of return from this policy and it can't be cashed in, it's purely a lump sum that my son would get if I have an accident and die - it's worthless unless that happens.

DCFC79

For haircuts try the local college as they could be cheaper to get it cut, obviously cal first to see if they do it and the cost