Thoughts on SOA

lisa.89

Hi all,

Our current IVA is £19k, we are handing keys back to 1 x property with shortfall of around £40-£50k and other has shortfall of around £20-£30k inc secured loan.

Any thoughts on SOA? This is assuming we can keep a car each.. I have to be smart at work too so allowed this in clothing.

Thanks x

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 1
Number of cars owned.................... 2
Monthly Income Details
Monthly income after tax................ 688
Partners monthly income after tax....... 1754 + OT of £100 (works 1 in 5 saturdays)
Benefits................................ 80
Other income............................ 0
Total monthly income.................... 2522
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 695
Management charge (leasehold property).. 0
Council tax............................. 110
Electricity............................. 40
Gas..................................... 60
Oil..................................... 0
Water rates............................. 25
Telephone (land line)................... 20
Mobile phone............................ 60
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 22
Groceries etc. ......................... 370
Clothing................................ 100
Petrol/diesel........................... 180
Road tax................................ 30
Car Insurance........................... 113
Car maintenance (including MOT)......... 50
Car parking............................. 20
Other travel............................ 0
Childcare/nursery....................... 300
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 80
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 15
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 30
Entertainment........................... 0
Holiday................................. 40
Emergency fund.......................... 30
Total monthly expenses.................. 2402

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.................... 2,522
Expenses (including HP & secured debts). 2,402
Available for debt repayments........... 120
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 120
Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -0
Net Assets.............................. 0

lisa.89

Medical costs are higher as my husband has a back condition and has to pay £50 pm for accuouncture treatment (cannot get this on NHS).

Maizy

Bumping up this thread.

I still think your groceries could be slightly higher and I think your holiday allowance is slightly low for a family of 3 (£50 I think) but I suppose you know what you spend. Your phones of £80 may not be allowed, I think its £60 max per family but someone may correct me.

Hopefully you will receive some more replies but do keep bumping up your thread if not as the BR board is pretty busy at the moment it seems. Best wishes.