Long time lurker

Help2bfree

Hello

Been lurking around for while and thinking about taking the plunge but wanted to see if my SOA looks ok, not sure if you need any other info, most of the credit card debt was on trading, bad mistake and paying for it now. I've seen on here that a restriction order can be placed for gambling, is that the same for trading ?


Household Information[/b]
Number of adults in household........... 2
Number of children in household......... 2
Number of cars owned.................... 1

Monthly Income Details
Monthly income after tax................ 1430
Partners monthly income after tax....... 890
Benefits................................ 137
Other income............................ 0
Total monthly income.................... 2457

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 520
Management charge (leasehold property).. 0
Council tax............................. 137
Electricity............................. 63
Gas..................................... 0
Oil..................................... 0
Water rates............................. 24
Telephone (land line)................... 0
Mobile phone............................ 63
TV Licence.............................. 13
Satellite/Cable TV...................... 25
Internet Services....................... 25
Groceries etc. ......................... 675
Clothing................................ 50
Petrol/diesel........................... 150
Road tax................................ 2
Car Insurance........................... 45
Car maintenance (including MOT)......... 50
Car parking............................. 20
Other travel............................ 30
Childcare/nursery....................... 0
Other child related expenses............ 30
Medical (prescriptions, dentist etc).... 50
Pet insurance/vet bills................. 27
Buildings insurance..................... 0
Contents insurance...................... 8
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 40
Haircuts................................ 33
Entertainment........................... 35
Holiday................................. 50
Emergency fund.......................... 15
Furniture finance (partners)............ 43
Credit card (partners).................. 38
School clothes.......................... 20
School dinners ......................... 86
Childrens gymnastics ................... 50
(Unnamed monthly expense)............... 0
Total monthly expenses.................. 2417


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

No Secured nor Hire Purchase Debts

Unsecured Debts
Description....................Debt......Monthly...APR
Unsecured loan.................24879.....582.......0
Credit card....................11898.....117.......0
Total unsecured debts..........36777.....699.......-


Monthly Budget Summary
Total monthly income.................... 2,457
Expenses (including HP & secured debts). 2,417
Available for debt repayments........... 40
Monthly UNsecured debt repayments....... 699
Amount short for making debt repayments. -659

Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -36,777
Net Assets.............................. -36,777

kazwookie

What is the value of the car?

I think you can cut your groceries down, have a look at the old style part of this site, cut down a brand / level when shopping

Help2bfree

Sorry

I should have mentioned that I am coeliac which is why the groceries is a bit above normal, we do shop at Aldi but also have to get a lot from Tesco's as Aldi's gluten free range is very poor

Help2bfree

The car is worth £3500 but is hubbies, we can prove to OR that he paid for it, I only use it a couple of times in the month and maybe travelling on holiday to split the driving so hoping that'll be ok

broaps

kazwookie wrote: »

I think you can cut your groceries down, have a look at the old style part of this site, cut down a brand / level when shopping

I don't think you need to worry about cutting your food spend as we put £457 for 2 people - 1 coeliac - and the OR didn't question it at all. TBH, this isn't really the forum for advice on cutting spending as it's usually too late for that if you're planning BR.

Annie35

Hi, your SOA is 99% same as Mrhuk, are you the same household? Are you both looking to go BR as the debts are joint?

Clouds88

I was just about to say this is the same poster but different name, altered the household budget as they had £335 surplus with the last one. Wife owned the £3500 car though now the husband owns it, why do people do this? Just ring up the OR and say yes I want rid of my 35 K debt but I don’t want an IPA even though I should probably get one because I’ve fiddled the household budget. Sorry if I sound OTT but being bankrupt myself out of genuine need and hard luck and having no spare money that even the OR didn’t want my extra tax these sorts of posts make me mad.