New to this forum.
Income details
Net monthly (i.e. after tax) Income self: €2378 monthly
Net monthly income partner/spouse: nature of income N/A
Income history:
Amount of child benefit received (Should be €135 per child)
Amount of Mortgage Interest Supplement received (MIS is the social welfare payment to unemployed people, don't confuse with TRS) N/A
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.
One adult family or two adult family one adult family.
Do you need a car for work or do you use public transport? Need car.
Number of children 0- 2 years old:
Number of 3 years old children:
Number of 4 - 11 years old: One Child
Number of 12 - 18 years old:
Monthly childcare costs: €600
Montly spend on special circumstances: e.g. exceptional healthcare costs gave it up.
Home loanLender: Ulster Bank
Amount outstanding: €180,000
Value of home: Home sold for €185
Interest rate: fixed rate for first 5 years
Monthly repayment
Amount in arrears
Summary of discussions and agreements with the banke.g. in Marp since Jan 2010 . Was on reduced payments. rented out our home from ) Oct 09 for nearly two years. Sold family home December 2012.
Credit Union Amount of shares €5,000
Amount of loan outstanding €12,000
Monthly repayment €200
Term left 5 years
Other loans and creditors - delete those which don't apply to you
Overdraft - amount outstanding: €1300
Term loan Amount outstanding €700
Term loan term left 6 months pay 131 a month interest free.
Other savings and investments None
Do you expect any lump sums in the medium term future? inheritance
How important is retaining the family home to you? Which of the following best describes your situation?
I would like to have a debt arrangement to be free of this financial situation. To work towards being free of debt.
Any other relevant information
What is your preferred realistic outcome? For example: "I want to deal with the shortfall and work towards being free of debt "