Soa

ghostfinder

Hi ,

Just working on my SOA.

Just to confirm i have this right,

My SOA should relate to me only, all my income and expenses only. Debts solely in my name and any joint debts with my name on them.

As my wife works i should include 50% of her salary in the income section to?

Thanks

PippaGirl_2

Your SOA should include ALL household expenses, so all mortgage/rent, and utilities, plus your own personal expenses such as mobile phone, your car etc.

Your wife would be expected to pay 50% of the household expenses (rather than 50% of her income as you said) unless her salary would not allow that.

Depth_Charge

ghostfinder wrote: »

Hi ,

Just working on my SOA.

Just to confirm i have this right,

My SOA should relate to me only, all my income and expenses only. Debts solely in my name and any joint debts with my name on them.

As my wife works i should include 50% of her salary in the income section to?

Thanks

Hi

The CAB links below might help

http://mymoney.nedcab.org.uk/moneyadvice/ipaipo.asp

http://mymoney.nedcab.org.uk/moneyadvice/bankruptcypoc.asp

UpToMyNeckInIt

[FONT=Verdana, Arial, Helvetica]Also, if you want to know what is deemed reasonable in terms of expenditure, simply google:

'cccs budget guidelines report 2011'

...and there you have it - the full monty, item one on the search - free to download as a pdf. Cannot find 2012 guide (don't even know if there is one).

Hope this helps you all out. Gives us all a good idea of what is considered reasonable - benchmark and 'top line'. A handy reference at review time.[/FONT]

Depth_Charge

UpToMyNeckInIt wrote: »

[FONT=Verdana, Arial, Helvetica]Also, if you want to know what is deemed reasonable in terms of expenditure, simply google:[/FONT]

[FONT=Verdana, Arial, Helvetica]'cccs budget guidelines report 2011'[/FONT]

[FONT=Verdana, Arial, Helvetica]...and there you have it - the full monty, item one on the search - free to download as a pdf. Cannot find 2012 guide (don't even know if there is one).[/FONT]

[FONT=Verdana, Arial, Helvetica]Hope this helps you all out. Gives us all a good idea of what is considered reasonable - benchmark and 'top line'. A handy reference at review time.[/FONT]

Hi

Dont forget the HES figures as I dont think the O/R use the CCCS ones, as perhaps they are too low to give people a genuine fresh start and to manage their reasonable needs, especially the 2011 ones:)

debtinfo

Do be aware though that if the OR thinks you have been putting down any of these average figures rather than putting you own individual circumstances down then then they will take apart your SOA and look at it in minute detail. The statement that you are writing is not a calculation of a possible IPA it is simply a questionaire asking what your particular income and expenses down, my advice is always to put everything down even if you suspect it wont be accepted as the possible IPA will be negotiated later at the interview,all you are being asked for is your circumstances, they dont need average figures they already know repeated back to them

ghostfinder

thanks,

working on it now

do you think the or will let me keep my gym membership?

The reason i ask is i am disabled - meaning i cannot run or jog (no high impact activities on my lower legs)

I am overweight and trying to loose weight and get fitter - the gym is my lifeline - its 17.99 a month ?

thanks

debtinfo

Hi this is one of the things I was talking about. For many people the answer may be no but it's all down to individual circumstances so put it down and tell the OR why you particularly should be the exception

PippaGirl_2

I've seen others have gym memberships approved under such circumstances, and yours is a cheaper membership.