Advice with the OR phone interview

tigerfeet2006

AircraftHandler wrote: »

http://www.stoozing.com/calculator/soa.php

Statement of Affairs and Personal Balance Sheet

Household Information
Number of adults in household........... 2
Number of children in household......... 0
Number of cars owned.................... 1

Monthly Income Details
Monthly income after tax................ 2050
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 2050

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 231
Management charge (leasehold property).. 0
Council tax............................. 110
Electricity............................. 43
Gas..................................... 43
Oil..................................... 0
Water rates............................. 0 Do you not pay this?
Telephone (land line)................... 0
Mobile phone............................ 45
TV Licence.............................. 13
Satellite/Cable TV...................... 54 I assume this includes telephone and internet as well.
Internet Services....................... 0
Groceries etc. ......................... 350
Clothing................................ 20 try for £30-35 for you,
Petrol/diesel........................... 200
Road tax................................ 19
Car Insurance........................... 41
Car maintenance (including MOT)......... 30
Car parking............................. 20
Other travel............................ 40 What is this?
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 15 £25 to include optician, dentist and prescriptions.
Pet insurance/vet bills................. 11 £25 you will need to pay the excess if your pet sees the vet plus things like de-fleeing which isn't included in insurance.
Buildings insurance..................... 0
Contents insurance...................... 15
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 20 Most OR's won't allow this but some will so wait and see what happens.
Haircuts................................ 20
Entertainment........................... 48 Most OR's won't allow this but some will so wait and see what happens.
Holiday................................. 40
Emergency fund.......................... 40 they usually allow £10 per person so wait and see what happens.
alcohol & cigarettes.................... 340 This is the biggie. It won't be allowed I am afraid.
Meals at work........................... 60
Total monthly expenses.................. 1868


Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 1250
Other assets............................ 0
Total Assets............................ 1250

No Secured nor Hire Purchase Debts

Unsecured Debts
Description....................Debt......Monthly...APR
Nram Loan......................42800.....0.........0
Webb Resolutions Loan..........38000.....0.........0
Zopa Loan......................7738......0.........0
V12 Finance....................282.......0.........0
Halifax Credit Card............789.......0.........0
Barclaycard Credit Ca..........1379......0.........0
Nram Loan......................1453......0.........0
Total unsecured debts..........92441.....0.........-


Monthly Budget Summary
Total monthly income.................... 2,050
Expenses (including HP & secured debts). 1,868
Available for debt repayments........... 182
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 182

Personal Balance Sheet Summary
Total assets (things you own)........... 1,250
Total HP & Secured debt................. -0
Total Unsecured debt.................... -92,441
Net Assets.............................. -91,191

Created using the SOA calculator at https://www.stoozing.com.
Reproduced on Moneysavingexpert with permission, using other browser.

Keep a copy of this by your side during interview, Any changes the OR makes then note them down. Any you want to increase, if he doesn't then say to him that you were working things out and feel that you haven't calculated enough for those expenses.

Do you pay any professional/union fees at all?

Do you not have fully comp. breakdown cover?

But the cigarettes and alcohol won't be allowed I'm afraid. Though if anyone has a different experience of this then I won't mind being corrected, I have never seen it.

AircraftHandler

Statement of Affairs and Personal Balance Sheet

Household Information
Number of adults in household........... 2
Number of children in household......... 0
Number of cars owned.................... 1

Monthly Income Details
Monthly income after tax................ 2050
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 2050

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 231
Management charge (leasehold property).. 0
Council tax............................. 110
Electricity............................. 43
Gas..................................... 43
Oil..................................... 0
Water rates............................. 0 Its included in my rent as its Military accomodation
Telephone (land line)................... 0
Mobile phone............................ 45
TV Licence.............................. 13
Satellite/Cable TV...................... 54 This is internet, telephone
Internet Services....................... 0
Groceries etc. ......................... 400
Clothing................................ 35
Petrol/diesel........................... 250
Road tax................................ 19
Car Insurance........................... 41
Car maintenance (including MOT)......... 30
Car parking............................. 20
Other travel............................ 40 This is for taxis & buses
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 25
Pet insurance/vet bills................. 25
Buildings insurance..................... 0
Contents insurance...................... 15
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 20 My wife suffered a breakdown last year so i'm trying to help her by saving a little for xmas
Haircuts................................ 20
Entertainment........................... 48 This is for Gym memberships and using the leisure facilities
Holiday................................. 40
Emergency fund.......................... 20
Wifes Counselling....................... 40
(Unnamed monthly expense)............... 0
(Unnamed monthly expense)............... 0
Total monthly expenses.................. 1627


Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 1250
Other assets............................ 0
Total Assets............................ 1250

No Secured nor Hire Purchase Debts

Unsecured Debts
Description....................Debt......Monthly...APR
Nram Loan......................42800.....0.........0
Webb Resolutions Loan..........38000.....0.........0
Zopa Loan......................7738......0.........0
V12 Finance....................282.......0.........0
Halifax Credit Card............789.......0.........0
Barclaycard Credit Ca..........1379......0.........0
Nram Loan......................1453......0.........0
Total unsecured debts..........92441.....0.........-


Monthly Budget Summary
Total monthly income.................... 2,050
Expenses (including HP & secured debts). 1,627
Available for debt repayments........... 423
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 423

Personal Balance Sheet Summary
Total assets (things you own)........... 1,250
Total HP & Secured debt................. -0
Total Unsecured debt.................... -92,441
Net Assets.............................. -91,191

Created using the SOA calculator at https://www.stoozing.com.
Reproduced on Moneysavingexpert with permission, using other browser.

AircraftHandler

How am i going to factor in the cigarettes and alcohol then? We have tried everything to quit smoking?

tigerfeet2006

AircraftHandler wrote: »

Statement of Affairs and Personal Balance Sheet

Household Information
Number of adults in household........... 2
Number of children in household......... 0
Number of cars owned.................... 1

Monthly Income Details
Monthly income after tax................ 2050
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 2050

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 231
Management charge (leasehold property).. 0
Council tax............................. 110
Electricity............................. 43
Gas..................................... 43
Oil..................................... 0
Water rates............................. 0 Its included in my rent as its Military accomodation Thank you for clarifying
Telephone (land line)................... 0
Mobile phone............................ 45
TV Licence.............................. 13
Satellite/Cable TV...................... 54 This is internet, telephone should be ok
Internet Services....................... 0
Groceries etc. ......................... 400
Clothing................................ 35
Petrol/diesel........................... 250
Road tax................................ 19
Car Insurance........................... 41
Car maintenance (including MOT)......... 30
Car parking............................. 20
Other travel............................ 40 This is for taxis & buses OK but you may have to fight for it as you wife has an income and is not contributing.
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 25
Pet insurance/vet bills................. 25
Buildings insurance..................... 0
Contents insurance...................... 15
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 20 My wife suffered a breakdown last year so i'm trying to help her by saving a little for xmas You will most likely be expected to budget from your groceries/household but you can fight your corner if the OR doesn't allow it. Just keep quiet until you know whether he is or not.
Haircuts................................ 20
Entertainment........................... 48 This is for Gym memberships and using the leisure facilities As I said in my other post this is not normally an allowable expense but some OR's will let it stand, just wait and see what is said and try and fight your corner. The gym is a luxury.
Holiday................................. 40
Emergency fund.......................... 20
Wifes Counselling....................... 40 You may have to fight your corner on this one.
(Unnamed monthly expense)............... 0
(Unnamed monthly expense)............... 0
Total monthly expenses.................. 1627


Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 1250
Other assets............................ 0
Total Assets............................ 1250

No Secured nor Hire Purchase Debts

Unsecured Debts
Description....................Debt......Monthly...APR
Nram Loan......................42800.....0.........0
Webb Resolutions Loan..........38000.....0.........0
Zopa Loan......................7738......0.........0
V12 Finance....................282.......0.........0
Halifax Credit Card............789.......0.........0
Barclaycard Credit Ca..........1379......0.........0
Nram Loan......................1453......0.........0
Total unsecured debts..........92441.....0.........-


Monthly Budget Summary
Total monthly income.................... 2,050
Expenses (including HP & secured debts). 1,627
Available for debt repayments........... 423
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 423

Personal Balance Sheet Summary
Total assets (things you own)........... 1,250
Total HP & Secured debt................. -0
Total Unsecured debt.................... -92,441
Net Assets.............................. -91,191

Created using the SOA calculator at https://www.stoozing.com.
Reproduced on Moneysavingexpert with permission, using other browser.

How am i going to factor in the cigarettes and alcohol then? We have tried everything to quit smoking?

They are deemed a luxury and not a necessity I am afraid. I assume you have been to your Dr. for help.

AircraftHandler

Dr. For help?

AircraftHandler

How much a month should a normal household budget for groceries including having to provide 3 meals a day plus food for work etc?

Banquo21

According to the Government's own Income and Expenditure for National Statistics in the UK £423 is an average for two adults so you should be ok with that.

There is absolutely no way the OR will allow for Cigarettes and/or Alcohol. Your other travel costs will have to robustly justified as well. Work meals are normally taken out of the Household expenses. Some OR's allow them as separate expenses although I have heard about OR's advising people to take sandwiches to save money. Unless your Gym membership is advised by your Doctor I doubt the OR will allow it.

Sorry to be so negative but you are bankrupt for a reason and unfortunately your spending is going to be under a lot of scrutiny during the interview. But if you are honest with the OR you will be fine.

tigerfeet2006

AircraftHandler wrote: »

Dr. For help?

To quit smoking.

elljay

Good luck today, please let us know how it goes. Once you know how much you need to live on it's much easier to prepare a budget and look forward to getting on with the rest of your life and putting all this behind you. Move on to the next challenge.

Good luck with giving up smoking too, not easy but yes, go to your doctor, there's lots of (free) help out there. You may find it easier once you don't have to live with all this stress.

Don't forget to let us know.

AircraftHandler

Statement of Affairs and Personal Balance Sheet

Household Information
Number of adults in household........... 2
Number of children in household......... 0
Number of cars owned.................... 1

Monthly Income Details
Monthly income after tax................ 2050
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 2050

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 231
Management charge (leasehold property).. 0
Council tax............................. 110
Electricity............................. 43
Gas..................................... 43
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 0
Mobile phone............................ 45
TV Licence.............................. 13
Satellite/Cable TV...................... 54
Internet Services....................... 0
Groceries etc. ......................... 500 this includes meals for work and dog food. The reason i have to buy my food is i work on a Warship so we can not store sandwiches, salads etc as we have no fridges in our accommodation which is allowed by the catering staff due to hygiene reasons.
Clothing................................ 35
Petrol/diesel........................... 250 This could be more as i do about 250 miles a week?
Road tax................................ 19
Car Insurance........................... 51
Car maintenance (including MOT)......... 30
Car parking............................. 20
Other travel............................ 40 This is for taxis & buses for when my wife takes the car to work?
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 25
Pet insurance/vet bills................. 25
Buildings insurance..................... 0
Contents insurance...................... 15
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 20 My wife suffered a breakdown last year so i'm trying to help her by saving a little for xmas
Haircuts................................ 20
Entertainment........................... 48 I'm in the Military so when i'm on leave or weekends i go to the gym and swim. Main reasons are that i was off work for 11 months in 2013 with lower back pain which almost resulted in me being discharged and if i was to travel to the base to use the facilities it would be a 18 mile round trip so that would cost more in fuel?
Holiday................................. 40
Emergency fund.......................... 20
(Unnamed monthly expense)............... 0
(Unnamed monthly expense)............... 0
Wifes Counselling....................... 40 Basically if she doesn't see her counsellor i can kiss my marriage goodbye as the leaps my wife has taken since her breakdown have been amazing and i'm slowly getting the woman i married back which is having a solid effect on us moving forward.
Total monthly expenses.................. 1697


Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 1250
Other assets............................ 0
Total Assets............................ 1250

No Secured nor Hire Purchase Debts

Unsecured Debts
Description....................Debt......Monthly...APR
Nram Loan......................42800.....0.........0
Webb Resolutions Loan..........38000.....0.........0
Zopa Loan......................7738......0.........0
V12 Finance....................282.......0.........0
Halifax Credit Card............789.......0.........0
Barclaycard Credit Ca..........1379......0.........0
Nram Loan......................1453......0.........0
Total unsecured debts..........92441.....0.........-


Monthly Budget Summary
Total monthly income.................... 2,050
Expenses (including HP & secured debts). 1,697
Available for debt repayments........... 313
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 313

Personal Balance Sheet Summary
Total assets (things you own)........... 1,250
Total HP & Secured debt................. -0
Total Unsecured debt.................... -92,441
Net Assets.............................. -91,191

Created using the SOA calculator at https://www.stoozing.com.
Reproduced on Moneysavingexpert with permission, using other browser.