Ok so I am still filling in the forms and wondered on the following:
Creditors - Do we need to fill in addresses? I understand you need to fill in shortfall for mortgage in unsecured but how much do you put in as I have no idea how much the shortfall will be, do I just put in the full mortgage amount? The totals are these just estimates as I have up to date balances for them but I know these will go up with interest and charges.
Assets - Do I have to list everything? All I own will not raise much money if sold pretty much worthless - gosh makes you think where on earth all the debt has come from really.
Creditors yes list addresses and obviously last balance that you knew off.
For the mortgage shortfall i put the outstanding mortgage balance with the early redemption figure on mine, the OR was happy with that. I made sure i put "Possible shortfall" in there also.
As for the totals on any of the debts try and get as near as you can to the balance but if you want as i did i wrote a note on section 13 to say these were estimates and subject to change. The OR will obtain the correct amounts once they write to the creditors.
Only list say cars or your home, most household items are exempt unless they are worth a fair amount over i think £500 or more. I only listed the car and my home as all the other things i had were my household items.
Hope this helps
Jo
x
For more info on how i have come through bankruptcy and for links to help, you can read my blog here called:
We put our car and house. In the fixtures and fittings we put none. I checked and was told unless we had antiques paintings items worth over 500 pounds each we did not need to list the usual tv, washing machine etc.
Questions Re SOA
Posted - 25 October 2008 : 20:13:55
