Bankruptcy SOA

thefuture

Statement of Affairs & Personal Balance Sheet

Summary

Monthly Budget Summary Amount(£)
Total monthly income 2,030
Monthly expenses (incl. HP & secured loans) 2,020
Available for debt repayments 10
UNsecured debt repayments 536
Amount short for making debt repayments -526
Personal Balance Sheet Summary Amount(£)
Total Assets (things you own) 0
Total Secured & HP Debt -0
Total Unsecured Debt -29,450
Net Assets -29,450
Household Information

Number of adults in household 2
Number of children in household 1
Number of cars owned 0
Income, Expense, Debt & Asset Details

Income Amount(£)
Monthly income after tax 1350
Partners monthly income 520
Benefits 160
Other income 0
Total monthly income 2030
Expenses Amount(£)
Mortgage 0
Secured/HP loan payments 0
Rent 510
Management charge (leasehold property) 0
Council tax 135
Electricity 60
Gas 80
Oil 0
Water Rates 65
Telephone (land line) 20
Mobile phone 30
TV Licence 13
Satellite/Cable TV 25
Internet services 30
Groceries etc. 550
Clothing 100
Petrol/diesel 150
Road tax 0
Car Insurance 0
Car maintenance (including MOT) 0
Car Parking 15
Other travel 80
Childcare/nursery 0
Other child related expenses 15
Medical (prescriptions, dentists, opticians etc.) 30
Pet Insurance/Vet bills 0
Buildings Insurance 0
Contents Insurance 12
Life Assurance 0
Other Insurance 0
Presents (birthday, christmas etc.) 30
Haircuts 40
Entertainment 0
Holiday 0
Emergency Fund 30
Total monthly expenses 2020
Secured & HP Debt Description Debt(£) Monthly(£) APR(%)
Mortgage 0 (0) 0
Secured & HP Debt totals 0 - -
Unsecured Debt Description Debt(£) Monthly(£) APR(%)
Barclays loan 8900 288 0
Barclays loan 10300 248 0
Barclaycard 4000 0 0
Virgin media 150 0 0
Virgin mobile 500 0 0
O2 600 0 0
Capital one card 2800 0 0
Aqua card 2200 0 0
Unsecured Debt totals 29450 536 -
Asset Description Value (£)
Cash 0
House Value (Gross) 0
Shares and bonds 0
Car(s) 0
Other assets (e.g. endowments, jewellery etc) 0
Total Assets 0

The car is my partners motability car so no other costs.

Feedback welcome

HappyMJ

Can you reformat it and repost it in the MSE format?

You've got petrol/diesel but no maintenance or road tax or insurance. If you're paying someone else to drive you places then put the expense under "Other Travel". I would offer to pay 25p/mile for someone else to drive you places rather than trying to break it down. It will be acceptable.

thefuture

Sorry on a tablet so couldn't do it....it says at bottom its partners mobility car so no other costs

debt_doctor

Hi,
You do not have a surplus for an IPA. I suggest you get rid of 'presents' at £30 and include a holiday fund of £60.
Don't worry if you end up with a negative statement - your explanation is that "these are my reasonable domestic needs, but my income doesn't allow at the moment so I am having to reduce my costs still further to make my budget balance"
DD