bankruptcy or admin order?

savagevixen

bo2 wrote: »

wages 600
tax credits 670
Total 1270

child benefit 165

total income 1435


Total outgoings
Rent 360
Council Tax 27
Water Rates 0
Gas 20
Electricity 60
Mobile Phone 20
Phone/BB 40
food/HH 460 THIS IS ABOUT RIGHT FOR YOUR 'WHOLE' FOOD AMOUNT. PERHAPS A BIT EXTRA. WE WERE ALLOWED £650 FOR A FAMILY OF 7! And no extra school or work meals-this was everything.
Meals at Work 50 SORRY, YOU SHOULD PACK YOUR OWN. MY OH HAS SANDWICHES AND A FLASK.
Bus to work 80
Pocket Money 20
School Meals 120 THESE ARE A LUXURY THAT YOU ARE NOT IN A POSITION TO AFFORD FRANKLY. MINE HAVE PACKED LUNCHES, YES I HATE MAKING THEM BUT I AM A BANKRUPT AND I CAN'T AFFORD SCHOOL DINNERS!!!
Pet Costs 14
TV Licence 12
Christmas 25 ALL
Holiday(s) 40 OF
Birthdays 25 THESE!!!!!!!!!!! FOR 4??????? THATS £90 ON CHRIS/HOL/BIRTH DON'T THINK AN OR WOULD LIKE THAT.
Clothes 120 THIS IS SO HIGH FOR 4!!!!!! MY GOODNESS, 7 OF US HAD £90 ON OUR SOA AND I FELT CHEEKY!DON'T THINK THE OR WOULD LIKE THAT EITHER.
Haircuts 20
OUTGOINGS 1498

Sorry to be brutal.
But,
Rent 360
Council Tax 27
Water Rates 0
Gas 20
Electricity 60
Mobile Phone 20
Phone/BB 40
[strike] food/HH 460[/strike]FOOD £480
[strike] Meals at Work 50[/strike]
Bus to work 80
Pocket Money 20
[strike] School Meals 120[/strike]
Pet Costs 14
TV Licence 12
[strike] Christmas 25[/strike]
[strike] Holiday(s) 40[/strike] HOLIDAY/BIRTH/CHRIS £50
[strike] Birthdays 25[/strike]
[strike] Clothes 120[/strike] CLOTHES £60 (ADVISED AMOUNT £10 PER PERSON PER MONTH)
Haircuts 20

By doing the above, which will bring your amounts into line with the guidelines for an SOA, you will have a surplus of £250. You could clear your debts pretty quickly.

I really am not trying to be harsh, but feel if you put these figures to an OR, they will be drastically cut and you could easily end up with an IPA/IPO. You would then have to pay the OR a monthly amount, and live with Bankruptcy. If you tackle these debts head on, you could pay a monthly amount and pay them off.