Finally going to do it!

betterlatethannever

That would depend Wasp..have you been paying them while NOT paying anything to your other creditors?
If so, then yes it could well be a problem and the OR has the right to recover the money from your friends.
If you've still been paying your other creditors whilst paying your friends then it should be ok.

Waspeze

I only stopped paying creditors a month and a bit ago, since then i've had one payday when there's a large cash withdrawal.

betterlatethannever

Right, i'm not sure where you would stand then.
Can you afford to pay your creditors anything..even a £1 payment?
Have you contacted one of the free debt charities?

Hopefully someone else will help you a little more with this.

Waspeze

Yes I contacted CCCS and had my interview with them over a month ago, this was when i stopped paying my creditors (as they advised me to go bankrupt) but had one payday where I didn't pay "official" creditors but did pay my friends.

Waspeze

Any chance someone could take a look at my I&E and see if i've missed anything or if something looks to high or low? Thanks

Rent: 625
Student Loan: 105
Water: 66 (this will go down I think)
Council Tax: 165 (this will come down as well)
Gas: Unknown, haven't received a bill and i've been here 5 months!
Electric: 25
Contents Insurance: 10 (have to have it as part of my tenancy)
Phone/mobile: 45
TV Licence: 13
Petrol: 150 (use my car for work everyday plus to visit my family)
Car Insurance: 18
Other travel: 6 (don't use car round town as its a nightmare so catch buses)
Food & Housekeeping: 200
Clothing: 20
Haircut: 7
Clothes: 20
Opticians: 10
Dentist: 20 (have been told i need a crown which supposedly will cost 250 but can't afford it at the moment)
Prescription: 7
Car tax/mot/service: 20
Holiday: 20
Emergency: 20

Total Expenditure: 1572

Income: 1743

Difference: 171

Expected IPA 171 * 60% = £103 (just guessing this!)


Any comments would be a great help!

betterlatethannever

Waspeze wrote: »

Any chance someone could take a look at my I&E and see if i've missed anything or if something looks to high or low? Thanks

Rent: 625
Student Loan: 105
Water: 66 (this will go down I think) when and why will it come down
Council Tax: 165 (this will come down as well) ditto,
Gas: Unknown, haven't received a bill and i've been here 5 months! get on to them before going BR, you may be able to include it in your BR.
Electric: 25 low, you could up this depending on your gas spend.
Contents Insurance: 10 (have to have it as part of my tenancy)
Phone/mobile: 45
TV Licence: 13
Petrol: 150 (use my car for work everyday plus to visit my family)
Car Insurance: 18
Other travel: 6 (don't use car round town as its a nightmare so catch buses)maybe add this to your petrol costs.
Food & Housekeeping: 200 alittle high, you could knock it down a fiver or so or leave it and let the OR reduce it if he/she feels it too high,
Clothing: 20
Haircut: 7 usually £5 for men £10 for women.
Clothes: 20 £27.
Opticians: 10
Dentist: 20 (have been told i need a crown which supposedly will cost 250 but can't afford it at the moment)
Prescription: 7
Car tax/mot/service: 20 up a little £27
Holiday: 20 up a little, maybe £35 +
Emergency: 20

Do you have breakdown cover for the car?
Dry cleaning ?
Are you a member of a professional body?
Total Expenditure: 1572

Income: 1743

Difference: 171

Expected IPA 171 * 60% = £103 (just guessing this!)would be nearer £85. 50% of excess.


Any comments would be a great help!

Are these costs for one person?
you've entered clothes twice..

Waspeze

Thanks a lot betterlatethannever!

The council tax and water are high as have only been here 5 months and took me a few months to get all the bills (and single persons discount for council tax) set up, i'm a bit worried now as i'd assumed that I wasn't in arrears as it was all for the current year, would the OR look at these as though I was paying off certain "debts"?

The council tax will be about £70 ish and the water probably around £25

I'm not sure that i'll get a gas bill as it's only for the hob and have a feeling it might be paid as a service charge by the landlady, i'll check though.

I do have breakdown cover so thats about a fiver a month, had forgotten that

Just spotted the clothes as well .. doh!

Oh yeah.. this is for a single male!

Waspeze

Just to add, when I first decided to go bankrupt (under advice) i was budgeting about £300 to pay off debts, with the bankruptcy I was hoping for around £150, I know you can't give an accurate yes or no answer but in your judgement would you think that i'll be under this given my expenditure? (anything under even a fiver would be a bonus )

betterlatethannever

Your CT and water arrears can be included in BR.
I don't think its a problem that you've been paying them, after all the alternative is prison for non payment of CT .:rolleyes: and being cut off for non payment of water.

Waspeze

this friday is my last high payment for council tax so would prefer to get it out of the way, does it still count as arrears even though its for the current tax year?