Advice on SOA for Bankruptcy forms

woodformoretrees

77blondie wrote: »

Husband contributes towards half of the household bills which is £1000

It's maybe my misunderstanding but when I did mine I halved the total outgoings, (those showing here as 2458). I earned much less than OH, but I stood my ground on being able to pay 50% of all household outgoings. I don't know how it stands if you wish to claim you pay more. He doesn't have to disclose his income, but if you claim you pay more than your 50% then they would expect him to. I think?

egrescrimp

77blondie wrote: »

I live in Northern Ireland so have no water or council tax to pay. I live in a rental which includes rates.

I have Simply Health insurance at 21.00 per month which covers dental and optical.

Prescriptions are free

Direct debit is taken each month of £100 for oil and the other £70/80 I can prove with electric bill.

He has money left over but its not mine

The OR would expect you to contribute a fair figure to the household expenditure, if your husband has money left over they would probably expect him to contribute more to the household costs, leaving you with more surplus.

I think you are going to find it pretty hard to avoid an IPA based on what you've said and the outgoings you have.

It's probably best to sit down with your husband and work out another SOA, if he's got loans/cc's to pay then he deducts those from what income he gets and the rest then goes into the household pot so to speak.When you've done that, come back with the exact figures for income and your SOA and we'll try and help you beef it up where possible

77blondie

egrescrimp wrote: »

The OR would expect you to contribute a fair figure to the household expenditure, if your husband has money left over they would probably expect him to contribute more to the household costs, leaving you with more surplus.

I think you are going to find it pretty hard to avoid an IPA based on what you've said and the outgoings you have.

It's probably best to sit down with your husband and work out another SOA, if he's got loans/cc's to pay then he deducts those from what income he gets and the rest then goes into the household pot so to speak.When you've done that, come back with the exact figures for income and your SOA and we'll try and help you beef it up where possible

Problem is his income is used up on his credit cards etc and also his fuel bill which takes up quite a lot of what he has left. This SOA is driving me mad trying to get the figures as best I can

egrescrimp

77blondie wrote: »

Problem is his income is used up on his credit cards etc and also his fuel bill which takes up quite a lot of what he has left. This SOA is driving me mad trying to get the figures as best I can

It does take time but you do need to get it right as you don't want to leave you and your family short by under estimating your outgoings.

Just add up what he has to pay out for on his debts i.e the credit cards etc which are in his name and then subtract that from his income (you don't have to prove these figures), put the rest in the pot for running your household both your fuel costs can be taken from this amount you've got left

77blondie

egrescrimp wrote: »

It does take time but you do need to get it right as you don't want to leave you and your family short by under estimating your outgoings.

Just add up what he has to pay out for on his debts i.e the credit cards etc which are in his name and then subtract that from his income (you don't have to prove these figures), put the rest in the pot for running your household both your fuel costs can be taken from this amount you've got left

The outgoings are fairly accurate and I have overestimated in some areas. The worry would be putting any higher a figure in for his contribution is just leaving more money for an IPA. He doesn't actually give me any more than what I have down on the SOA, £1000 is the maximum he gives me unless there are exceptional circumstances ie christmas etc I would get extra

egrescrimp

Ok

With regards to food, this is for a DRO which is far more flexible than bankruptcy (In bankruptcy for example you couldn't put in pocket money): https://docs.google.com/file/d/0B7LabJy69BP1M0gxeHQ1SDFiN1E/edit?pli=1. If you look at the maximum for a DRO on a family of 4 it would come to £505, so be prepared to fight for your £600 or look to make it up in other ways.

You could then bolster your SOA by adding a £40 Emergency fund (£10 per person). You work, so what would it cost per week for lunch if you bought it at say your local Greggs or something similar, £25 per week?

Add another £30 to £40 per month for car maintenance, depending on how old your car is.

How old are the children? does their childcare include food? School trips?

77blondie

egrescrimp wrote: »

Ok

With regards to food, this is for a DRO which is far more flexible than bankruptcy (In bankruptcy for example you couldn't put in pocket money): https://docs.google.com/file/d/0B7LabJy69BP1M0gxeHQ1SDFiN1E/edit?pli=1. If you look at the maximum for a DRO on a family of 4 it would come to £505, so be prepared to fight for your £600 or look to make it up in other ways.

You could then bolster your SOA by adding a £40 Emergency fund (£10 per person). You work, so what would it cost per week for lunch if you bought it at say your local Greggs or something similar, £25 per week?

Add another £30 to £40 per month for car maintenance, depending on how old your car is.

How old are the children? does their childcare include food? School trips?

Great thanks for being so helpful. Yes will add in an emergency fund and also lunchs for work. Children are 5 and 2. Childcare includes food. School trips aren't included though.

egrescrimp

77blondie wrote: »

Great thanks for being so helpful. Yes will add in an emergency fund and also lunchs for work. Children are 5 and 2. Childcare includes food. School trips aren't included though.

No problem at all

Maybe look at putting in £10 per child for trips then, would help bolster it a bit more.

You may need to haggle or compromise with the OR/Examiner a little bit on some of the figures though, so be prepared for some things to either be knocked down or increased. Just don't sell yourself short, take a little while to think about anything else you might of missed or totally forgotten about with everything thats going on

When your revised SOA is done, post it again as others might be able to help more or perhaps call the Step Change bankruptcy team and see what they think What I've suggested isn't guaranteed to be accepted, do keep that in mind

77blondie

egrescrimp wrote: »

No problem at all

Maybe look at putting in £10 per child for trips then, would help bolster it a bit more.

You may need to haggle or compromise with the OR/Examiner a little bit on some of the figures though, so be prepared for some things to either be knocked down or increased. Just don't sell yourself short, take a little while to think about anything else you might of missed or totally forgotten about with everything thats going on

When your revised SOA is done, post it again as others might be able to help more or perhaps call the Step Change bankruptcy team and see what they think What I've suggested isn't guaranteed to be accepted, do keep that in mind

No problem, downloaded the Stepchange leaflet which is very helpful. I just worry if I adjust things around too much and add in extras it will be apparent when the OR goes through my bank statements. Will try and get it all sorted and re-post the SOA tonight. Again thanks for all your help.

egrescrimp

77blondie wrote: »

No problem, downloaded the Stepchange leaflet which is very helpful. I just worry if I adjust things around too much and add in extras it will be apparent when the OR goes through my bank statements. Will try and get it all sorted and re-post the SOA tonight. Again thanks for all your help.

Try not to worry about what you may of paid for things in the past, your debt payments will of meant you couldn't do many of things you'll now be able todo when debt free. So as long as what you are claiming for is reasonable then you'll be fine

Before bankruptcy, I couldn't afford a lot of the things I'm now able to pay for and do and these are all within my accepted SOA! a small example, I couldn't afford contents insurance prior to bankruptcy, I now have this

Bankruptcy is a fresh start for you and your finances!