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| T O P I C R E V I E W |
| pleasehelpme22 |
Posted - 22 June 2008 : 10:23:46
Hi we have both our hearings on tuesday and on our SOA we have both put the full cost of our household expenditure , even though i dont earn (we completed our forms online and this is what the enquiry line told us to do)now im worried i shouldnt have done this?? detailed below is what we have put down as our expenditure, can anyone advise if this looks ok?
RENT - £ 600.00
HOUSEKEEPING(including food and cleaning) £ 420.00
GAS AND ELECTRIC £ 80.00
WATER £ 45.00
TELEPHONE CHARGE £ 60.00
TRAVEL TO WORK £ 60.00
CLOTHING £ 50.00
MAINTENANCE PAYMENTS £ 200.00
COUNCIL TAX £ 109.00
CONTACT LENSES - 13.00
CONTENTS INSURANCE - 8.00
PET INSURANCE - 7.00
TV LICENCE - 12.00
CAR INSURANCE - 30.00
CAR MAINTENANCE 35.00
TV/BROADBAND - 25.00
TOTAL £1749.00
INCOME - £1784.00
BENEFITS - £80.00(Tax Credits)
Total Income - £1864.00
Surplus - £115.00
We didnt allow for a family holiday will this be allowed to add on?
Also i didnt detail my co op divedend card - i think it has £"0.00 in it will i need to tell the OR about this?
Advice/opnions much appreciated
Tanya
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| 6 L A T E S T R E P L I E S (Newest First) |
| JulianDonnelly |
Posted - 22 June 2008 : 12:27:56
Hi Tanya,
Best of luck!
Regards
Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk |
| pleasehelpme22 |
Posted - 22 June 2008 : 11:55:50
Drowning mummy
Oh yes your babies have to come first , and you are right BR is not an easy option, having to accept weve made serious errors in our finacial affairs to our familys has caused so much woory and strain on us and our families. Good luck to you and your family
Julian
If we managed to get the OR to accept our holiday allowance of £50 per month we would be under the £100 surplus. Hope that works out to be the case as we really dont want to be strained after the BR , we just want a fresh start for our family
Tanya |
| JulianDonnelly |
Posted - 22 June 2008 : 11:06:32
Hi Tanya,
your expenditure does seem reasonable enough to me. Just bear in mind that if you have a disposable income in excess of £100 a month, the OR will look to an IPA/IPO. However, unlike in an IVA, the OR will only take between 50-70%, rahter than the 100%+ in an IVA of your disposable income.
Regards
Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk |
| Trolly-Dolly |
Posted - 22 June 2008 : 11:03:09
Yes we are the same. Before baby 2 was born (6 months ago) I tried returning to work full time. This almost destroyed me. I work as a long haul air hostess and it meant being out of the country 5 days per week! I pined for my little girl who was one at the time. The real turning point for me, was when I was in South Africa (a 12 hour flight away) and my baby was taken to hospital with a fever and rash. I knew then that this could not continue just to pay the debts. I then had baby 2 and have been on maternity ever since (going back in Sep). I'm going to go back part-time and work just 3 flights per month. That way I get to be at home with them and it saves an enormous amount on nursery fees. Not what our creditors want to hear I am sure and trust me I have experienced and still am experiencing an enormous amount of guilt, but I have to put my babies first. We have been stupid but now we are paying the ultimate price....BR. If anyone thinks this is the easy way out, they couldnt be further from the truth! |
| pleasehelpme22 |
Posted - 22 June 2008 : 10:51:33
Drowning mummy, we were exactly the same as you, to afford an IVA i would have had to work in the evenings after looking after our baby boy during the day, not see my fiance until half 9 at night when i was knackered from my day and he was as well because of work during the day and looking after baby whilst i was at work in the evenings and ALL my wage was for IVA, there was no way we could live like that!!!
Ill let you know how the meeting goes on Tuesday and wish you all the luck with you BR |
| Trolly-Dolly |
Posted - 22 June 2008 : 10:47:27
Hi,
I read somewhere about a holiday allwance, cant remember where. It said about £700-£950 PA based on a family of four.
We are just doing ours now (only realised on friday that we cant afford an IVA, so I've hopped over from that forum). We are left with about £50, but not sure if some things will be allowed or not.
Let us know how it goes! |
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