Help with soa - interview later today

newmoneysaver1976

hi all, ive just been contacted by the official receiver and she is calling me back later today for my interview. how nervous am i????????????:eek::eek::eek:

anyway i just want someone to look at my soa and advise if if all looks ok. i have a disabled son so get a bit more benefits for that but was just a bit worried.

Household Information[/b]
Number of adults in household........... 2
Number of children in household......... 2
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1160
Partners monthly income after tax....... 1135
Benefits................................ 945
Other income............................ 0
Total monthly income.................... 3240
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 1150
Management charge (leasehold property).. 0
Council tax............................. 187
Electricity............................. 80
Gas..................................... 80
Oil..................................... 0
Water rates............................. 65
Telephone (land line)................... 20
Mobile phone............................ 60
TV Licence.............................. 12
Satellite/Cable TV...................... 20
Internet Services....................... 20
Groceries etc. ......................... 650
Clothing................................ 80
Petrol/diesel........................... 303
Road tax................................ 20
Car Insurance........................... 44
Car maintenance (including MOT)......... 10
Car parking............................. 0
Other travel............................ 35
Childcare/nursery....................... 182.5
Other child related expenses............ 43
Medical (prescriptions, dentist etc).... 14
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 28
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 20
Haircuts................................ 35
Entertainment........................... 20
Holiday................................. 20
Emergency fund.......................... 20
Total monthly expenses.................. 3218.5

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
Total unsecured debts..........0.........0.........-

Monthly Budget Summary
Total monthly income.................... 3,240
Expenses (including HP & secured debts). 3,218.5
Available for debt repayments........... 21.5
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 21.5
Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -0
Net Assets.............................. 0
[/tt]

mysterio_2

newmoneysaver1976 wrote: »

hi all, ive just been contacted by the official receiver and she is calling me back later today for my interview. how nervous am i????????????:eek::eek::eek:

anyway i just want someone to look at my soa and advise if if all looks ok. i have a disabled son so get a bit more benefits for that but was just a bit worried.

Household Information[/b]
Number of adults in household........... 2
Number of children in household......... 2
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1160
Partners monthly income after tax....... 1135
Benefits................................ 945
Other income............................ 0
Total monthly income.................... 3240
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 1150
Management charge (leasehold property).. 0
Council tax............................. 187
Electricity............................. 80
Gas..................................... 80
Oil..................................... 0
Water rates............................. 65 any reason why this is high?
Telephone (land line)................... 20
Mobile phone............................ 60 ? 60 for mobile the receiver will question
TV Licence.............................. 12
Satellite/Cable TV...................... 20 usually NOT allowed
Internet Services....................... 20 allowed for work/school use
Groceries etc. ......................... 650
Clothing................................ 80
Petrol/diesel........................... 303 seems high?
Road tax................................ 20
Car Insurance........................... 44
Car maintenance (including MOT)......... 10
Car parking............................. 0
Other travel............................ 35
Childcare/nursery....................... 182.5
Other child related expenses............ 43 whats this?
Medical (prescriptions, dentist etc).... 14
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 28
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 20 never allowed
Haircuts................................ 35
Entertainment........................... 20 never allowed
Holiday................................. 20
Emergency fund.......................... 20
Total monthly expenses.................. 3218.5

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
Total unsecured debts..........0.........0.........-

Monthly Budget Summary
Total monthly income.................... 3,240
Expenses (including HP & secured debts). 3,218.5
Available for debt repayments........... 21.5
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 21.5
Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -0
Net Assets.............................. 0
[/tt]

just a few thoughts

newmoneysaver1976

hi,thanks for coming back to me. the mobile is for three mobiles at £20 each. the additional £43 is for my daughters horseriding lessons. understood on the presents and entertainment but they came up on the template so just put that in. my daughter does use internet for school. i know the petrol at 303 is high but honestly we have an old bmw 318 which costs me £10 - £15 per day just to get to work and school and back and then its driving on weekends for the kids and that, i know its high but its honestly what that car costs me. its a guzzler

Grumpygirl

Hope your interview goes well for you! Let us know how you get on. Good luck!

kation

I hope others will correct me if I'm wrong:

Car maintenance seems low at £10 per month. Even if you maintain your car yourself, the MOT will be in the region of £50 per year.

Holiday allowance is £20 per person per month I understand, so you could bump it up to £80.

Have you priced in some life insurance? Worth having.

sillygirl73

How did it go? I have my interview tomorrow morning and am really nervous!:eek:. Am also a family of 4, so interested in whether the OR allowed your expenses? Hope you are relaxing tonight x

davidgmmafan

I have to take issue with never allowed for presents/birthdays. I included it in my SOA and it wasn't questioned. I wasn't interviewed though so maybe I got lucky.

I would put it in and see if they knock it out if it is what you genuinely spend. However if those figures made your SOA look a little to good to be true, eg less than 20 per month surplus I'd pay more attention to making the other expenses as accurate as humanly possible as you may have to prove them.

newmoneysaver1976

well just to let you know i had my interview and it went soooooooo well. all that worrying for nothing. the lady i spoke to was lovely, she was so understanding. she knew her stuff but she was really nice. everything in my soa was accepted but i didnt put in the presents and entertainment. she actually bumped my clothing up to £160 and yes my car maintenance to £50. she also gave me emergency of £50 and a bit extra for my son who is disabled. some things were a bit too much like my petrol which was changed to £216 but all in all not bad. i got a income payments order of £59 per month and my hubby of £49 per month. i don't think that is too bad. one thing i was wondering which i forgot to mention to her is my daughters horseriding lessons of £10 per week. would that be allowed or not.

thanks by the way for all your kind words

lisa.89

Hi there, could I ask a question as both my husband and I will be going BR.

Our income has always come into a joint account and bills paid from the one pot. Did your SOA's look the same as each others? (apart from different wages).

Thanks

Woody76

Hi Lisa.89

I went bankrupt recently at the same time as my hubby and I can confirm our soa looked the same. We use different bank accounts but all the money is pooled and used to pay bills all together. This wasnt questioned by OR.

Woody xx

lisa.89

Woody76 wrote: »

Hi Lisa.89

I went bankrupt recently at the same time as my hubby and I can confirm our soa looked the same. We use different bank accounts but all the money is pooled and used to pay bills all together. This wasnt questioned by OR.

Woody xx

Many thanks for reply

Looks like you got a fair SOA agreed, which is reassuring.
x