SOA Revised having spoken to Stepchange

whatdowedonext

mattannar wrote: »

How old are your children, if they are working or even on benefits they will be expected to put some money into the house.

All under 18 at school

whatdowedonext

PippaGirl wrote: »

The other issue is the cars. You own two, how much is each worth? You don't work so you will need to justify why you need a car, it is likely that the OR will not consider your car necessary and will claim it. That will have the effect of reducing your outgoings considerably too.

Cars are worth £1400 each, husband uses his as company car. We use mine to take all 5 kids out when they are down every 2 weeks and if we go away. My husband works away during the week so I use my car to get kids to after school activities shopping etc.

whatdowedonext

debt_doctor wrote: »

Hi,

I think, considering the fuel arrears and loan payments plus some other expenses listed I think you will be presented with an IPA to agree (or not) of at least £400 pm.
Both of the vehicles will be seized assets (providing they are owned by the bankrupt) unless you can provide a need for them, not just they are convenient.
If one or more cars are not allowed then neither will their costs, hence bigger IPA.
Are you prepared to accept these risks?

DD

Thank you only 1 car in BR's name and used as company car valued less than £1500. I think you are right about the IPA not much else we can do other than start saving for the bankruptcy fee_pale_

mattannar

Can I ask why do you pay Building Insurance on a rented house, that is the Landlords responsibility.

whatdowedonext

mattannar wrote: »

Can I ask why do you pay Building Insurance on a rented house, that is the Landlords responsibility.

My parents died last year and the property was left to my brother and I. We pay my brother 50% of the going rate for rental and we live here. It's not a mansion just a 3 bed terrace but as we were renting elsewhere it seemed sensible to move in here rather than rent it out to strangers. Hope that clears it up

mattannar

So how much is the rent, and I take it the arrears are owed to your brother.

tigerfeet2006

Under child related expenses put in school dinners as well. £2 a day for primary and £3 a day for secondary.

whatdowedonext

mattannar wrote: »

So how much is the rent, and I take it the arrears are owed to your brother.

Rent is £325 and we are behind by 3 months.

PippaGirl_2

Do you have a proper legal rental/tenancy agreement? I think the OR may look in to this. I'm not saying it will be a problem, just that it will need examining. You didn't quote £325 as your rent in your SOA, so will need to adjust that too.

I've known people whose cars have not been allowed to be exempt who have needed them for school runs and children's activities so I think that will depend on your OR.

HappyMJ

whatdowedonext wrote: »

Rent is £325 and we are behind by 3 months.

Why don't you get your brother to set up a new tenancy agreement with you at full market rate including the buildings insurance?

At least on paper your brother will eventually be in front. The arrears will be written off.