Income details
Net (i.e. after tax) Income self: €188 jobseekers
Income history: I was made redundant in Jan 2011. I have had intermittant contract work since (3 contracts @ 3 months each weekly net income €600)
Net income partner/spouse: €188 jobseekers
Income history: Made redundant in September 2010. No work since.
Amount of child benefit received €130
Amount of Mortgage Interest Supplement received €50 weekly
Personal circumstances so we can calculate your reasonable living expenses
The Insolvency Service has published Guidelines for reasonable living expenses based on the family size, whether or not you need a car for work, childcare costs and other exceptional circumstances. By filling in this information, we (or you ) can calculate what your reasonable monthly living expenses should be.
two adult family
Do you need a car for work or do you use public transport? Need a car for local work, transport only runs to main commuter city not local town.
Number of children 0- 2 years old:
Number of 3 years old children: 1
Number of 4 - 11 years old:
Number of 12 - 18 years old:
Monthly childcare costs: N/A family would help out.
Montly spend on special circumstances: e.g. exceptional healthcare costs
Home loan
Lender: rather not specify
Amount outstanding:
Value of home: 130k
Interest rate: fixed rate
Monthly repayment: 1250
Amount in arrears: around 12k
Summary of discussions and agreements with the bank: Constant contact with bank, not in marp but have had a variance of interest only periods, moratoriums and lower agreed payments
Other loans and creditors - delete those which don't apply to you
Other savings and investments: none
How important is retaining the family home to you?
Which of the following best describes your situation?
I really want to keep the family home even if it means having a large mortgage and negative equity for years to come.
Any other relevant information
What is your preferred realistic outcome?
We will be in a position to make full repayments and sustain the loan in the near future and have done everything possible to maintain our loans. We really don't want to give it all up at this point.