Does my SOA look ok?!

Happy_bunny

New SOA Uploaded - See Below

luvchocolate

Hi could you please list everything per month?
Its confusing with weekly and yearly figures.

Then someone will be along to have a look.

TheGardener

Hi
As LC says - this is quite hard to work out. Try using this calculator - it has a formatting button to post straight on to this bard
http://www.stoozing.com/calculator/soa.php

luvchocolate

Thanks The Gardener I really should learn how to post a link!!!

Happy_bunny

TheGardener wrote: »

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

Thanks for the link, My new SOA is below

Statement of Affairs and Personal Balance Sheet

Household Information[/b]
Number of adults in household........... 1
Number of children in household......... 0
Number of cars owned.................... 1

Monthly Income Details
Monthly income after tax................ 734
Partners monthly income after tax....... 0
Benefits................................ 463.67
Other income............................ 0
Total monthly income.................... 1197.67

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 315
Management charge (leasehold property).. 0
Council tax............................. 74
Electricity............................. 40
Gas..................................... 40
Oil..................................... 0
Water rates............................. 78
Telephone (land line)................... 15
Mobile phone............................ 31
TV Licence.............................. 20
Satellite/Cable TV...................... 0
Internet Services....................... 28
Groceries etc. ......................... 165
Clothing................................ 20
Petrol/diesel........................... 125
Road tax................................ 5
Car Insurance........................... 60
Car maintenance (including MOT)......... 15
Car parking............................. 5
Other travel............................ 5
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 15
Pet insurance/vet bills................. 15
Buildings insurance..................... 0
Contents insurance...................... 10
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 10
Haircuts................................ 0
Entertainment........................... 20
Holiday................................. 10
Emergency fund.......................... 10
Adult Care Costs ....................... 40
Pet Food ............................... 25
Total monthly expenses.................. 1196


Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 1400
Other assets............................ 0
Total Assets............................ 1400

No Secured nor Hire Purchase Debts

Unsecured Debts
Description....................Debt......Monthly...APR
Rent Arrears...................604.28....0.........0
Council Tax Arrears............5261......0.........0
Water .........................3950......0.........0
HMRC ..........................12000.....0.........0
Capital One ...................392.......0.........0
Vanquis .......................158.......0.........0
Luma...........................200.......0.........0
Total unsecured debts..........22565.28..0.........-


Monthly Budget Summary
Total monthly income.................... 1,197.67
Expenses (including HP & secured debts). 1,196
Available for debt repayments........... 1.67
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 1.67

Personal Balance Sheet Summary
Total assets (things you own)........... 1,400
Total HP & Secured debt................. -0
Total Unsecured debt.................... -22,565.28
Net Assets.............................. -21,165.28

ViolaLass

Comments withdrawn, wrong board.

debt_doctor

Hi,
Providing you are allowed to keep your car then your expenses seem fine to me. Presume the fuel is for to and from work travel mainly?


Groceries are a bit low, but any more would push you in to a negative statement.


No justification for an IPA on the basis of your SOA.
DD

Happy_bunny

debt_doctor wrote: »

Hi,
Providing you are allowed to keep your car then your expenses seem fine to me. Presume the fuel is for to and from work travel mainly?

I work at a depot approx 5 miles away, so a 10 mile round trip when working. I could potentially be asked to cover somewhere 10-20 miles away if staff fall sick.

In addition I receive care from a family member 3-4 times per week, and travel for medical appointments - All of this is due to my disability and unlikely to change.

Is there any way I can make the importance my mobility has to my work, personal care and medical visits?

My main concern is work uncertainty - I'm working for a local charity who invested a huge amount, time and money, to ensure my job is suitable for me and my circumstances. Can't even think of going BR and losing my job!

debt_doctor

Happy_bunny wrote: »

Is there any way I can make the importance my mobility has to my work, personal care and medical visits?

There are no guarantees in bankruptcy, however, you have every chance of demonstrating that your work and care needs require the use of your car. Even your brief post is a powerful argument.
DD

TheGardener

The water rates seems very high? Are you paying arrears?
I'd be tempted to move quite high pet costs into the groceries - even if just the pet food? And move the entertainment into hair cuts.
Just to save having to argue a case.