Soa

bruciebounus

Here are the monthly household outgoings for us...

Statement of Affairs and Personal Balance Sheet

Monthly Income Details
Monthly income after tax................ 0
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 0

Monthly Expense Details
Mortgage................................ 575
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 120
Electricity............................. 40
Gas..................................... 30
Oil..................................... 0
Water rates............................. 40
Telephone (land line)................... 12
Mobile phone............................ 66
TV Licence.............................. 13
Satellite/Cable TV...................... 50
Internet Services....................... 6
Groceries etc. ......................... 400
Clothing................................ 0
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 25
Contents insurance...................... 10
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 0
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1387


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


Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 0........(575)......0
Total secured & HP debts...... 0.........-.........-

Unsecured Debts
Description....................Debt......Monthly...APR
Total unsecured debts..........0.........0.........-


Monthly Budget Summary
Total monthly income.................... 0
Expenses (including HP & secured debts). 1,387
Available for debt repayments........... -1,387
Monthly UNsecured debt repayments....... 0
Amount short for making debt repayments. -1,387

Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -0
Net Assets.............................. 0

Created using the SOA calculator at https://www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using other browser.

bruciebounus

Wywth wrote: »

I don't think he will, sorry.

Even if by splitting every bill 50/50 he will be paying more overall?

I'm just confused that by following the guidelines he would be liable to pay around £694 per month, therfore wiping out the majority of his income (so not much for an IPA left over), but by actually being honest as to where his contributions go he would be spending less leaving more to pay towards and IPA :mad:

PippaGirl_2

Ok, so half these bills are
Council tax 60 elec 20 gas 15 water 20 phone 6 TV licence7.50 satellite 25 internet 3 contents insurance 5 = 161.50 (buildings insurance is the responsibility of the property owner so won't include that)
Plus £200 for groceries most.
Sometimes though the OR doesn't allow for internet or satellite however.

Wywth

bruciebounus wrote: »

Here are the monthly household outgoings for us...

Statement of Affairs and Personal Balance Sheet

Monthly Income Details
Monthly income after tax................ 0
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 0

Monthly Expense Details
Mortgage................................ 575
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 120
Electricity............................. 40
Gas..................................... 30
Oil..................................... 0
Water rates............................. 40
Telephone (land line)................... 12
Mobile phone............................ 66
TV Licence.............................. 13
Satellite/Cable TV...................... 50
Internet Services....................... 6
Groceries etc. ......................... 400
Clothing................................ 0
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 25
Contents insurance...................... 10
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 0
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1387


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


Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 0........(575)......0
Total secured & HP debts...... 0.........-.........-

Unsecured Debts
Description....................Debt......Monthly...APR
Total unsecured debts..........0.........0.........-


Monthly Budget Summary
Total monthly income.................... 0
Expenses (including HP & secured debts). 1,387
Available for debt repayments........... -1,387
Monthly UNsecured debt repayments....... 0
Amount short for making debt repayments. -1,387

Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -0
Net Assets.............................. 0

Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using other browser.

£480 per year water (and sewerage) cost seems awfully high.

Even with our unmetered supply to our 4 bedroomed house, we don't pay anywhere near that amount.

tigerfeet2006

bruciebounus wrote: »

Here are the monthly household outgoings for us...

Statement of Affairs and Personal Balance Sheet

Monthly Income Details
Monthly income after tax................ 0
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 0

Monthly Expense Details
Mortgage................................ 575
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 120
Electricity............................. 40
Gas..................................... 30
Oil..................................... 0
Water rates............................. 40
Telephone (land line)................... 12
Mobile phone............................ 66 only any mobile that he owns goes here as this is a personal expense.But land line is low as a joint expense
TV Licence.............................. 13
Satellite/Cable TV...................... 50 not allowed on the SoA as it is not an essential expense. Must come from surplus.
Internet Services....................... 6
Groceries etc. ......................... 400
Clothing................................ 0 £40 as a personal expense
Petrol/diesel........................... 0 no car or travel expenses?
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0 £20 as a personal expense
Pet insurance/vet bills................. 0
Buildings insurance..................... 25
Contents insurance...................... 10
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 0 £10 as a personal expense
Entertainment........................... 0
Holiday................................. 0 £50 as a joint expense
Emergency fund.......................... 0 £20 as a joint expense
Total monthly expenses.................. 1387


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


Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 0........(575)......0
Total secured & HP debts...... 0.........-.........-

Unsecured Debts
Description....................Debt......Monthly...APR
Total unsecured debts..........0.........0.........-


Monthly Budget Summary
Total monthly income.................... 0
Expenses (including HP & secured debts). 1,387
Available for debt repayments........... -1,387
Monthly UNsecured debt repayments....... 0
Amount short for making debt repayments. -1,387

Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -0
Net Assets.............................. 0

Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using other browser.

That is what an OR will be looking for. So as I said put his income down and what you contribute to the joint expenses. The OR may ask you for proof of earnings just to make sure you are paying your fair share, which you can obviously show.

Wyeth, depending on what area of the country you live in then water can be very expensive. Ours for a small, end of terrace, 3bed is nearly £60.

PippaGirl_2

I pay £480 per year for a small 3 bed house water rates

JCS1

Wywth wrote: »

Because whilst bankrupt, getting any form of credit is nigh on impossible, and would need the approval of the OR.

e.g. See term 8.1.f
http://www.o2.co.uk/termsandconditions/mobile/our-latest-pay-monthly-mobile-agreement

You would not need the approval of the OR before taking out credit.

You can apply for credit, anything for a value over £750 you need to declare your bankruptcy. Whether the credit is approved is a different matter.

Term 8.1.f states that they can terminate the agreement, not that they will.