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| T O P I C R E V I E W |
| peachie4321 |
Posted - 27 January 2009 : 16:58:15
Hi all
My partner and I have decided this is our only and best option, so we've got the fees together and filled out most of the form, just needing a little help.
I know we need to do 2 seperate forms,
1) in the expenditure bit do we put the full amounts of the bills or half as we both pay?
2) I cant find the dates of when some of the credit was taken out, it's a required feild on the forms so what do i put? I really dont want to ring my creditors!!!!(using insolvency site to fill them in online)
3) What are counted as assets? it says include if of particular value, we have usual household appliances, TV, Computer, DVD player but they arn't expensive ones do i put these on or not?
4) pls could some one give opinion on financial statement,
Rent -------------------- 450
Council tax ------------- 120
housekeeping ------------ 440
clothing ---------------- 110
gas and elec ------------ 120
water ------------------- 20
telephone --------------- 30
broadband --------------- 8
petrol ------------------ 200
car ins ----------------- 100 (2 cars both needed for work)
car tax ----------------- 26
car mainten ------------- 60
TV lic ------------------ 12
mobiles ----------------- 75
pet ins ----------------- 26
sky --------------------- 19
accident plan ----------- 17
bank account fees ------- 13
window cleaning --------- 9
Hairdressing ------------ 20
AA/RAC vix -------------- 11
Union ------------------- 11
---------
1897.00
Income
Darren ------------------ 1228
Vikki (avg) ------------- 760
------
1988
Thanks Vikki (currently pulling out hair and losing the will to live)
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| 3 L A T E S T R E P L I E S (Newest First) |
| peachie4321 |
Posted - 29 January 2009 : 13:57:19
Thanks John and moving on ...
Date is now set for 10th Feb, I'm so scared but at least we're on the way to sorting our lives out now.
We are expecting our first baby on the 5th July and then our income will be down and expenditure will be up, what will happen then to the amount we will have to pay? Also will we pay all of the disposable income towards the debt for 3 years? |
| movin on |
Posted - 27 January 2009 : 20:31:22
Hey Peachie and welcome to the forum 
I have nothing to add to what John has advised but wanted to say hello and keep posting 
Jenny
xx
Onwards and Upwards is the way im going :-0)
From "Moneyworries" to "Movin On" in 3 months is fantastic :-))
xx |
| John |
Posted - 27 January 2009 : 19:08:55
Hi
please find my response in CAPS below.
I know we need to do 2 seperate forms,
1) in the expenditure bit do we put the full amounts of the bills or half as we both pay?
BOTH EXPENDITURE LISTS SHOULD MIRROR EACH OTHER AND BE EQUAL TO THE HOUSEHOLD EXPENDITURE IN EACH CATEGORY - NOT SPLIT.
2) I cant find the dates of when some of the credit was taken out, it's a required feild on the forms so what do i put? I really dont want to ring my creditors!!!!(using insolvency site to fill them in online)
JUST ESTIMATE AS BEST YOU CAN - EVEN IF YOU JUST PUT THE YEAR AND ADD "APPROX" IS OK.
3) What are counted as assets? it says include if of particular value, we have usual household appliances, TV, Computer, DVD player but they arn't expensive ones do i put these on or not?
NO THERE IS NO NEED TO LIST THESE ITEMS
4) pls could some one give opinion on financial statement,
Rent -------------------- 450 OK FACT
Council tax ------------- 120 OK FACT
housekeeping ------------ 440 400 FOR 2 PEOPLE
clothing ---------------- 110 60 FOR 2 PEOPLE
gas and elec ------------ 120 OK
water ------------------- 20 OK
telephone --------------- 30 60
broadband --------------- 8 NOT CLAIMABLE
petrol ------------------ 200 OK IF PROVABLE
car ins ----------------- 100 (2 cars both needed for work £600 INS IS HIGH FOR CAR OF £2500 OR LESS VALUE
car tax ----------------- 26 OK
car mainten ------------- 60 OK
TV lic ------------------ 12 OK
mobiles ----------------- 75 NOT CLAIMABLE AFTER INCREASING LANDLINE COST TO £60 UNLESS USED FOR WORK.
pet ins ----------------- 26 MAY BE OK IF THIS INCLUDES FOOD. YOU WILL HAVE TO EVIDENCE THE INSURANCE COST.
sky --------------------- 19 NOT CLAIMABLE
accident plan ----------- 17 NOT CLAIMABLE
bank account fees ------- 13 NOT CLAIMABLE
window cleaning --------- 9 NOT CLAIMABLE
Hairdressing ------------ 20 OK
AA/RAC vix -------------- 11 OK
Union ------------------- 11 OK
---------
1897.00
(£1696)
Income
Darren ------------------ 1228
Vikki (avg) ------------- 760
(£1988)
DISPOSABLE INCOME = £292
REMEBER THESE ALLOWANCES ARE NOT WRITTEN IN STONE. THE OR OFFICES HAVE A GUIDE BUT THEY ARE NOT ENFORCED RIGIDLY. THEREFORE THERE CAN BE SIGNIFICANT DIFFERENCE IN ALLOWANCES FROM OFFICE TO OFFICE. THE ABOVE ARE JUST MY TAKE ON THEM.
YOU COULD INCLUDE DRY CLEANING (£10) AND TRY MEALS AT WORK FOR BOTH OF YOU. AT £2.50 PER MEAL PER DAY (A SANDWICH) THAT WILL EAT UP (PARDON THE PUN) A FURTHER £110 OF DI PER MONTH WHICH MEANS YOUR DI FIGURE IS NOW DOWN TO AROUND £170.
www.Bankruptcyhelp.org.uk
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