Bankruptcy / Stepchange Calculations

Mart7379

Hi guys
After working out my finances via the Stepchange website, it states my options are an IVA or Bankruptcy. I would prefer to declare bankruptcy but it’s so daunting, scary, whatever you want to call it. 

I have been as accurate and truthful as I possibly can in regards to income and expenditure. 

Can someone give advice on whether anything in my expenditure looks to be to high that an OR would look at question or order the reduction in spending. (Grocery spend is for 2 Adults and 3 kids)

luvchocolate

Can someone please post them the link to the SOA that we use?
Apologies I don't know how to 

flipflopflo

You have no contents insurance, emergency funds, broadband at a glance. 

JCS1

Also, with 2 adults and children, you need to show household income including any benefits.
Smoking products are not usually allowed, but smoking cessation products are.  
How many mobiles?  And what are the hobbies?  TV Licence appears to be wrong figure?
Will try and find you the link to the usual SOA template

JCS1

Here's the link, remember to format for MSE

https://www.stoozing.com/soa.php

luvchocolate

Thank you 

Mart7379

Sorry my mistake, it is for 1 adult 3 kids, not 2 adults, sorry 

Mart7379

thanks for the link to the SOA

Mart7379

JCS1 said:

Also, with 2 adults and children, you need to show household income including any benefits.
Smoking products are not usually allowed, but smoking cessation products are.  
How many mobiles?  And what are the hobbies?  TV Licence appears to be wrong figure?
Will try and find you the link to the usual SOA template

Tv licence is the current price I am paying, apparently you pay 6 month previously and the next 6 months, then reduces to the £13 ish. 

There’s 1 mobile which is mine, on minimum term contract. Hobbies is just the gym membership. Looking at it, the figure is wrong it should read £20