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T O P I C R E V I E W
raniston1984
Posted - 27 March 2009 : 01:37:29 Hi I am getting quite stressed about the outgoings form section 7!! My total student loan income pcm is £600 and household contributions = £800 so total income is £1400
Would it be in my interest to keep my expenditure to just below that? as so far it is £1344... mortgage= 798 housekeeping = 40 gas electric etc = 145 water = 55 telephone charges = 30 clothing = 30 travelling to and from etc= 40 council tax= 105 tv license = 11 car insurance and tax = 80
totalling = 1344
I am not sure whether to put on my income form cash in hand part time work, as I was never registered with any employer, but I have been depositing cash into my bank account fairly regularly. Would the OR still let me keep my property (its in negative equity) or do I need to make out I have more money left over each month?
sorry for al the questions but any help would be greatly apprecaited thank you :)
2 L A T E S T R E P L I E S (Newest First)
raniston1984
Posted - 27 March 2009 : 11:55:00 thanks again for your reply melanie.. i counted travelling to and from as my petrol, as i get around by car and only use about 1 tank a month so about £40. is it right to put that there?
and telephone charges i use a package from ntl where I get phone internet and tv for £30. i do have a mobile, which isnt listed, but i assume that wehn made bankrupt I get this mobile contract cancelled? is that correct?
thank you
Melanie.n
Posted - 27 March 2009 : 08:00:38 Food is very low - usual figure for this is around £200 for a single person
For this purpose I would not list the cash in hand income, but i would stress to you that you should try to get your employer to pay you through the books.
Melanie Nicholas 28 years insolvency experience - 23 of which in the Insolvency Service - Insolvency Manager Jones Giles
