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My SOA, any advice please?

generaloneill
Posts: 470 Forumite
This is my Statement of Affairs that I am sending off with my bankruptcy form.
Have I missed anything or put anything I shouldnt have? I would appreciate any feedback on this please, thanks. :jStatement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 3
Number of cars owned.................... 0
Monthly Income Details
Monthly income after tax................ 0
Partners monthly income after tax....... 0
Benefits................................ 1198.47
Other income............................ 0
Total monthly income.................... 1198.47
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 34
Management charge (leasehold property).. 0
Council tax............................. 25
Electricity............................. 43.5
Gas..................................... 43.5
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 40
Mobile phone............................ 90
TV Licence.............................. 12
Satellite/Cable TV...................... 30.5
Internet Services....................... 0
Groceries etc. ......................... 587
Clothing................................ 90
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 20
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)...... 50
Haircuts................................ 25
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Partners Mastercard..................... 40
Partners Argos card..................... 15
Partners Very card...................... 50
Partners Ikano/New look card............ 15
Partners Next card...................... 15
Total monthly expenses.................. 1225.5
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
Store Card HRG.................480.......40........0
Credit Card BOS................800.......60........0
Creation Loan..................1115......31........0
Barclaycard....................1700......50........0
Credit Card BOS................6225.73...160.......0
Barclaycard....................649.08....20........0
Total unsecured debts..........10969.81..361.......-
Monthly Budget Summary
Total monthly income.................... 1,198.47
Expenses (including HP & secured debts). 1,225.5
Available for debt repayments........... -27.03
Monthly UNsecured debt repayments....... 361
Amount short for making debt repayments. -388.03
Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -10,969.81
Net Assets.............................. -10,969.81
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.
Have I missed anything or put anything I shouldnt have? I would appreciate any feedback on this please, thanks. :jStatement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 3
Number of cars owned.................... 0
Monthly Income Details
Monthly income after tax................ 0
Partners monthly income after tax....... 0
Benefits................................ 1198.47
Other income............................ 0
Total monthly income.................... 1198.47
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 34
Management charge (leasehold property).. 0
Council tax............................. 25
Electricity............................. 43.5
Gas..................................... 43.5
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 40
Mobile phone............................ 90
TV Licence.............................. 12
Satellite/Cable TV...................... 30.5
Internet Services....................... 0
Groceries etc. ......................... 587
Clothing................................ 90
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 20
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)...... 50
Haircuts................................ 25
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Partners Mastercard..................... 40
Partners Argos card..................... 15
Partners Very card...................... 50
Partners Ikano/New look card............ 15
Partners Next card...................... 15
Total monthly expenses.................. 1225.5
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
Store Card HRG.................480.......40........0
Credit Card BOS................800.......60........0
Creation Loan..................1115......31........0
Barclaycard....................1700......50........0
Credit Card BOS................6225.73...160.......0
Barclaycard....................649.08....20........0
Total unsecured debts..........10969.81..361.......-
Monthly Budget Summary
Total monthly income.................... 1,198.47
Expenses (including HP & secured debts). 1,225.5
Available for debt repayments........... -27.03
Monthly UNsecured debt repayments....... 361
Amount short for making debt repayments. -388.03
Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -10,969.81
Net Assets.............................. -10,969.81
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.
0
Comments
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You need to post this over on the bankruptcy forum as the rules for BR SOAs and debt free ones are very different.
Have you considered a DRO?If you've have not made a mistake, you've made nothing0 -
generaloneill wrote: »This is my Statement of Affairs that I am sending off with my bankruptcy form.
Have I missed anything or put anything I shouldnt have? I would appreciate any feedback on this please, thanks. :jStatement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 3
Number of cars owned.................... 0
Monthly Income Details
Monthly income after tax................ 0
Partners monthly income after tax....... 0
Benefits................................ 1198.47
Other income............................ 0
Total monthly income.................... 1198.47
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 34 is this correct
Management charge (leasehold property).. 0
Council tax............................. 25
Electricity............................. 43.5
Gas..................................... 43.5
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 40too high
Mobile phone............................ 90drop it or PAYG £90 is way too much even for 5 of you!
TV Licence.............................. 12
Satellite/Cable TV...................... 30.5essential?
Internet Services....................... 0
Groceries etc. ......................... 587huge bill for 5 people, try lidl, aldi etc, cook in bulk and freeze
Clothing................................ 90
Petrol/diesel........................... 0 no car? if not where is the travel costs for children to school etc?
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 20
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)...... 50
Haircuts................................ 25
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Partners Mastercard..................... 40
Partners Argos card..................... 15
Partners Very card...................... 50
Partners Ikano/New look card............ 15
Partners Next card...................... 15
Total monthly expenses.................. 1225.5
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
Store Card HRG.................480.......40........0
Credit Card BOS................800.......60........0
Creation Loan..................1115......31........0
Barclaycard....................1700......50........0
Credit Card BOS................6225.73...160.......0
Barclaycard....................649.08....20........0
Total unsecured debts..........10969.81..361.......-
Monthly Budget Summary
Total monthly income.................... 1,198.47
Expenses (including HP & secured debts). 1,225.5
Available for debt repayments........... -27.03
Monthly UNsecured debt repayments....... 361
Amount short for making debt repayments. -388.03
Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -10,969.81
Net Assets.............................. -10,969.81
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.
take a look0 -
generaloneill wrote: »This is my Statement of Affairs that I am sending off with my bankruptcy form.
Have I missed anything or put anything I shouldnt have? I would appreciate any feedback on this please, thanks. :jStatement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 3
Number of cars owned.................... 0
Monthly Income Details
Monthly income after tax................ 0
Partners monthly income after tax....... 0
Benefits................................ 1198.47
Other income............................ 0
Total monthly income.................... 1198.47
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 34 is that your contribution after council tax benefit
Management charge (leasehold property).. 0
Council tax............................. 25
Electricity............................. 43.5
Gas..................................... 43.5
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 40
Mobile phone............................ 90 - i would doubt they would allow this much for the phone
TV Licence.............................. 12
Satellite/Cable TV...................... 30.5 - think its £23 your allowed
Internet Services....................... 0
Groceries etc. ......................... 587
Clothing................................ 90
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 20 - that looks really low for 7 of you
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0 - just checking of you get free prescriptions and dental treatment
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0 - you should really have contents allowance
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 50
Haircuts................................ 25
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0 - you should put something on here for emergency fund
Partners Mastercard..................... 40 - shouldn't all your partners debts be listed under the debts section as i would find it had for the OR to allow one creditor to be favoured over another
Partners Argos card..................... 15
Partners Very card...................... 50
Partners Ikano/New look card............ 15
Partners Next card...................... 15
Total monthly expenses.................. 1225.5
sIn theory that would be £9o to go on to the debts list
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
Store Card HRG.................480.......40........0
Credit Card BOS................800.......60........0
Creation Loan..................1115......31........0
Barclaycard....................1700......50........0
Credit Card BOS................6225.73...160.......0
Barclaycard....................649.08....20........0
Total unsecured debts..........10969.81..361.......-
Monthly Budget Summary
Total monthly income.................... 1,198.47
Expenses (including HP & secured debts). 1,225.5
Available for debt repayments........... -27.03
Monthly UNsecured debt repayments....... 361
Amount short for making debt repayments. -388.03
Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -10,969.81
Net Assets.............................. -10,969.81
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.
The Soa for a debt wanabee would be different for someone doing a bankruptcy order - as bankupt they would allow you a set allowance, whereas a debt free wanbee we'd be saying cut the shopping to aldi, cook more, get rid of the sat go freeview etc.
A debt relief order - if you owe less than 15k, and have £50 a month less from expenses, then this would be more gentle than a bankruptcy as its only 12 months.
If you moved your partners debt to the debts this would free up £95 and with a couple of tweeks you could maybe look at that, have you gone through a debt agency for the advice, recommend cccs, and payplan as there both free.
May be worth looking into. xxxx rip dad... we had our ups and downs but we’re always be family xx0 -
Your council tax is surely more than £25 a monthmake the most of it, we are only here for the weekend.
and we will never, ever return.0 -
The Soa for a debt wanabee would be different for someone doing a bankruptcy order - as bankupt they would allow you a set allowance, whereas a debt free wanbee we'd be saying cut the shopping to aldi, cook more, get rid of the sat go freeview etc.
A debt relief order - if you owe less than 15k, and have £50 a month less from expenses, then this would be more gentle than a bankruptcy as its only 12 months.
If you moved your partners debt to the debts this would free up £95 and with a couple of tweeks you could maybe look at that, have you gone through a debt agency for the advice, recommend cccs, and payplan as there both free.
May be worth looking into. xx
My partner is not declaring bankruptcy, only me, these debts are in her name. Our Child Tax Credits are in both names , so I was told to add that as my income, however, my partner wishes to pay her bills as they are quite low as she is not declaring bankruptcy.0 -
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This might sound harsh but your income from benefits is higher than my wage from working and my bills are miles higher than yours. I know you said you were made redundant so I am not calling you lazy or a scrounger but it doenst seem to me that its that bad. But as for cutting down - groceries seems the obvious one. We manage on £200 a month.0
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Ok, I havent correctly filled this in, forgot our sons milk money, and Daughters lunch money.
The Telephone land line, was including internet, so will split these up. Includes 3 mobile phones, all under contract. And reduced Satellite charge through Sky to £22.50 a month. Put an emergency fund of £20 a month.
Thanks for all your feedback I will redo my SOA and put it in the proper board.
Also Cottonhead, the Groceries basically cover all the housekeeping, food, toilet rolls, shampoo, nappies, wipes, etc. we can easily spend that having 3 children as they eat loads, 2 youngest boys are really fussy, lol.0 -
generaloneill wrote: »Ok, I havent correctly filled this in, forgot our sons milk money, and Daughters lunch money.
The Telephone land line, was including internet, so will split these up. Includes 3 mobile phones, all under contract. And reduced Satellite charge through Sky to £22.50 a month. Put an emergency fund of £20 a month.
Thanks for all your feedback I will redo my SOA and put it in the proper board.
Also Cottonhead, the Groceries basically cover all the housekeeping, food, toilet rolls, shampoo, nappies, wipes, etc. we can easily spend that having 3 children as they eat loads, 2 youngest boys are really fussy, lol.:footie:Regular savers earn 6% interest (HSBC, First Direct, M&S)
Loans cost 2.9% per year (Nationwide) = FREE money.
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