my own post SOA and info very long sorry.....

poppyscorner

Hi all,

Firstly wanted to say thanks for all of the support I have already received from you all I don't know whether you need my history but here it is all be it watered down.

I met my hubby in 2000 he was married but seperated from the Ex he walked away from the marital home pretty much empty handed apart from his clothing he also signed the house over to the ex as part of divorce so she had a secure home for her and their DD he took all debts in his name with him.As soon as ex had his signiture she sold their house and walked away with 12k profit for herself. we moved in together jun 2001 into local authority accomodation with the intention to buy I became pregnant in Aug 2001 I was in my current job then and was in a place where I was being bullied at work I sought counselling through my employer during my couselling things came to the surface about my past things that happened to me as a child and I became very depressed I had months off work and was paid about £300p.m sick pay during my absence my partner was paying his ex wife £280 pm out of his £700 p.m wage we were desperately short of cash a lot of debts accumilated here.We also bought our first home together this completed 1st feb 2002 and our daughter was tragically prematurely stillborn 28th Feb 2002 This resulted in more time off work for me and I was soon pregnant again this time my son was born Feb 2003 healthy boy I suffered P.N depression and didn't really get back to work until Dec 03 in 2004 we were under intense pressure from creditors tried to obtain a secured loan but were unable to constant phonecalls and harassing letters we sold the house that august and got rehoused in council property on the grounds that we were now homeless we walked away with about £12,500 profit and most of this was ploughed into debts the remainder we still carry to this day.

Right SOA all amounts are p.c.m

Income
Me - 791
Partner - 300
Ch ben - 130.86
Tax credits - 440.91

Expenditure

Rent £300 - includes £264 payment and £36 arrears payment
Council tax - £156 £80 payment and £76 arrears
Gas - £86.66
Electricity - £70
Contents ins - £15.16
Telephone/internet - £46
TV License - £12
Maintainance - £65
CCJS - £15 (one £10 other £5)
Car finance - £130
Spares/service - £28
Tax - £16.50
Insurance - £46
Fuel - £130
Food/Toiletries/cleaning - £400 (includes baby milk nappies toiletries)
School meals - £39
Pet food & ins - £23
School trips - £5
Hairdressing - £24
National insurance - £9.76 for hubby's business
Clothes and footwear - £60

TOTALS

Income £1662.77
Outgoing £1677.08

In our house is myself, hubby son age 4 1/2yrs and baby aged 16wks and most weekends we have hubbys daughter to stay. Hubby is Self employed in a partnership with his father fuel costs are high because of my job I work about 20mins drive and I could get there by bus but would take two hours there and back hubby doesn't use the car for business but does use it to get to his dads for work where they use a van which was bought and owned by his father for £1000 about two years ago.
Our car finance is not in our name it is in my fathers so we could get the finance at a good rate we had insufficient space in our old car to carry our kids safely anyone know the impact of BR on the business or the car.

Any help advice is very much appreciated our debts are as follows : -

In my name only

Halifax C.C £345
Capital one C.C £ 791
HFC Loan £2324
T Mobile £186
Ikano Store card £283
Provident £ 670.40
Robinson way £68.94
Tax credits Overpayment £1800
Advantis credit £92
Global debt recovery £137.52

In joint names

Taxcredit overpayment £458

In hubbys name

Lloyds C.C £2634 (a ccj payable £10 p.m)
Cl Finance £170 ( a mothercare store card and a ccj payable £5 p.m)
Lloyds Loan £2702
Lloyds Loan £4320
Aktiv Kapital £ 163 (homebase store card)
Lloyds current account £2328
Provident £570.50
Link financial £2694 (this is a debt from his first marriage and is for double glazing put into their house a condition on the contract they signed said that if the property was sold then it must be repaid and according to ex she paid it but has not come up with any proof we have only found this on his file today and the company have listed him as gone away without leaving forwarding address he is linked with ex wife on credit file because this account is joint)

Total Debt is £22737.36

Thanks for taking the time to read if you managed to get this far please be nice and don't rip me to bits Thanks in advance to anyone who decides to help.

Oldernotwiser

Hi, sorry to hear all you've been through. Could you clarify whether you're contemplating bankruptcy or looking for suggestions as to how you could cut down your outgoings?

poppyscorner

A bit of both really we just want a solution to it all bankruptcy was recommended to us by CCCS but we are unsure of implications and are still essentially open to suggestions. I wasn't really sure where to post and plumped for here.

Thanks
Poppy

poppyscorner

blind-as-a-bat wrote: »

Hi poppyscorner unless im having a bad day youve forgot water rates/charges


Thanks for that Oldernotwiser and seen as the OP has asked for both may i sugest heading replys 'From a BR point of view' and 'From a money saving point of view' To clarify the two otherwise it could get confusing having both in one thread:D

Hi blind as a bat,

Sorry I should have said our water rates are included with our rent as we are local authority tenants and thats how they do it here

good idea about the posts btw

poppy

gettingitsorted

Hi Poppy

to be honest i cant really see where huge cut backs could be made .

but your gas and electric seem really high a month are there arrears in those?

also your contents insurance is a little high .

gettingitsorted

I didnt see car insurance listed x

Oldernotwiser

The gas and electricity look rather high and what does the maintenance cover if you're in a HA property?

poppyscorner

gettingitsorted wrote: »

Hi Poppy

to be honest i cant really see where huge cut backs could be made .

but your gas and electric seem really high a month are there arrears in those?

also your contents insurance is a little high .

gas and electricity are paid through prepayment meters and were with british gas am now in the process of switching to EDF energyas they seem to work out cheaper for us to break it down the cost is 15p.w gas in summer and 25 p.w in winter but I budget for this throughout the year.

electricity is £16 ish a week

car ins is under the car finance, tax and £46 per month

poppyscorner

Oldernotwiser wrote: »

The gas and electricity look rather high and what does the maintenance cover if you're in a HA property?

:rotfl: :rotfl:

Sorry it is child maintenance shouldn't laugh just sounded funny it is for hubbys dd from first marriage

Oldernotwiser

Sorry, I misunderstood!