SOA Pretty scary please be kind!

savagevixen

Family of 2 adults 5 dependants (1 disabled child)

Incomings

DH wages
Housing Benefit
Working Tax Credit
Child Tax Credit
Child Benefit
Disability Living Allowance.

Total Incoming £2695

As I am crap at numbers and some of these are weekly/fortnightly/monthly paid I have input them all and have the montly figure. If husbands wages (currently £850) increase the housing benefit goes down, so the overall income does not change.

Regular Outgoings

Rent £650 (monthly)
Council Tax £110
Water £57
Electricity £70
TV License £12
Oil £80

Other Living Expenses

House Insurance £27 (monthly)
Motor Insurance £50 (will increase when I bite the bullet and tell them about my recent 6 points)
Car Tax £420 (annually-sorry can’t work it out)
Satellite £14 (contract and necessary for son not at school-monthly)
Childcare £18 top up (weekly)
Loan Family £50 (monthly)


Suggested Living Expenses by CCCS (included the slightly adjusted figures to include DLA for disabled child if food/clothing/entertainment figures seem a bit wacky)

Food/Toiletries £650
Clothing Footwear £95
Children’s Pocket money £25
School trips/activities £50
Telephone mobile internet £60
Medecines £10
Dentists/opticians £17 (could easily be more!)
Fuel/parking £180
Vehicle spare/servicing £40
Hairdressing £15
Sports Hobbies Entertainment £55
Sundries/emergencies £35

Total Outgoing £2634

Debts

Natwest Loan £17500 Husbands name (but joint…)
Natwest overdraft £1000 Joint
Natwest Overdraft £1200 Me
Capital One £160 Me
Capital One £80 Husband
Housing Benefit £750 Joint
Next £500 Me
Council Tax Arrears £465
Water arrears ? Joint
Oil on parents credit card £300 Joint

Family Loan of £5000 (years ago)
Also owe £1600 for sons diagnosis treatment (hopefully £1000 to be paid by healthcare company) so £600 Joint

Total Left for debts £61

Please be gentle with me, I have followed their advice and guidelines and this is all really horrible.

CCCS have advised eitherr a 26 year DMP, or an Administration Order for myself and Bankruptcy for OH. Can't bear it all really

gettingitsorted

Hi savage,
well done for getting the SOA down,I know it all looks bleak at the moment but one step at a time and you will get through it ,

Do you own your own home?

savagevixen

No, own not very much at all....

gettingitsorted

What debts are yours only and which are your husbands

savagevixen

After the Debts it says either me/joint/husband. So the main loan is in his name.

Bakeybadoo

I'm bored so I'll help as I know it helps to see who actually owns what


YOUR DEBTS:

Natwest Overdraft - £1200
Capital One - £160
Next - £500

= £1860


HUSBANDS DEBTS:


Natwest Loan £17500 Husbands name (but joint…) This is actually only HIS debt then, technically)
Capital One - £80

= £17580


JOINT DEBTS:

Natwest overdraft £1000
Housing Benefit £750
Oil on parents credit card £300
Owe £1600 for sons diagnosis treatment (hopefully £1000 to be paid by healthcare company) so £600 (You need to look at this in whole, until such a time as it's actually, truly down to £600) So - £1600 is the figure we'll use for now.

= £ 3,650


Now - We need to look at the following, you need a true picture of these as before making any decision, you need accurate figures:


Family Loan of £5000 (years ago) Who's is this?)
Council Tax Arrears £465 (Who's it the debt though?)
Water ? (Need to know this figure and who's name it is in please)

Bakeybadoo

Can you tell us who gets what money? As in, who gets what benefits as if your OH goes BR, it will be HIS income that is used towards any IPA and that may affect how much you are both left to live on.

Ok, my advice, for what it's worth is that I would advise BR for your OH. If he also has no assests. Consider it carefully though and consider how it might affect his current job or future prospects.

You can only get an Administration Order on your debts as they are under £5,000 but ONLY if you have at least one CCJ. Do you? I didn't see that listed on your list of debts.

You aren't eligible, alone, for a DMP as I saw it, you need to owe £5000+. But of course you do have joint debt that might push you over that amount. If it does, then I think that yes, DMP would be best for you.

Although, again, you might hit a snag in that you don't have much disposable income and you need to have a certain amount to give to creditors every month, for them to accept your DMP offer. Hmm.

That 26 year plan CCCS quoted you, was that for both your debts?

Anyway, to be honest, I'm not sure what happens to joint debt if ONE of them makes themselves BR. Someone might be along later to help you on that.

If joint debts are halved then I'd be inclined to advise you to go BR, especially as you have such a small amount of surplus income.

savagevixen

Hi
Family Loan is joint.
Water £254 (they are still sorting it out) Joint
Council Tax (joint)

Incomings
Husbands
Wages £850 monthly
Working Tax Credit £13 Weekly


ME
Child Tax Credit £237 per week
DLA £166 per 4 weeks
Child Benefit £257 per 4 weeks

Housing Benefit £139 fortnightly (changes if wages are up for a month) my name.

Husbands work ends July. Last pay day August.

Oh and No CCJ.

The DMP suggested was for both of us, and is now saying 34 years-so thats good!

savagevixen

Could we both be BR?
The Administration Order looks way to complex and really scary. And I have no ccj so why did cccs suggest it?

gettingitsorted

Thats what i was going to suggest when i replied lastnite savage ,i think you would have to pay 2 lots of BR fees though ,one of the more experianced peole will be able to give you more advice .

savagevixen

Do I have to pay court fees ?

You may not have to pay a court fee if:

a) You are on Income Support, or

b) Working Tax Credit, where child tax credit is being paid or there is a disability or severe disability element and the gross annual income taken into account for the calculation of working tax credit is £15,450 or less, or

c) Income based Jobseekers Allowance, or

d) Guarantee credit under the State Pension Credit Act 2002, or

e) Payment of a fee would cause hardship to you.

f) You are in receipt of "Legal Help" from a solicitor, or

g) You are in receipt of a "funding certificate" from the Legal Services Commission. You must complete court form "Ex160", (application for a fee exemption or remission) for each court fee you cannot pay for one of the above reasons.

Are the court fees £150? each?