Bankruptcy Living Expenses Guide

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Bankruptcy living expenses guide. Living expenses allowances.If you are applying for Bankruptcy you will need to complete a monthly living expenditure budget as part of your application. This is a list of all of the reasonable living expenses that you incur every month.

It is very important to get this budget right. The expenses you record in your application will be used by the Official Receiver to work out if you can afford to make monthly payments towards your debts.

If you underestimate the amount you spend on any of your regular living expenses or miss some expenses out completely your total budget will be too low. As a result the Official Receiver will ask you to pay more than you actually can afford. Our Bankruptcy living expenses guide will help you get your budget right.

How to get the Bankruptcy Living Expenses Guide

To get an accurate view of which types of living expenses are reasonable and to make sure that you include all allowable expenses in your budget you should get a copy of our  Bankruptcy living expenses guide.

The guide is free and lists all of the different types of expenditures you should consider when completing your monthly budget. It also gives hints and tips about the budgets which you will have to stay within to ensure that they are acceptable to the Official Receiver.

To get the guide please use the “Download Living Expenses Guide” button top right of this page or (at the bottom if you are using your mobile).

How to use the Bankruptcy Living Expenses Guide

When you use the guide to help you put together your living expense budget you may feel that some of the figures  seem restrictive. Despite this they are known to be generally accepted by the Official Receiver. If you want budget to be agreed you should try stay within the figures shown for each category.

Having said that as its name suggests the  guide MUST be used for guidance purposes only. Every individual’s situation is different and the actual figures acceptable to the Official Receiver in each category may be higher or lower than those indicated depending on your circumstances.

If you feel that you need to spend more than the recommended amounts you should always include these figures in your budget. However you must be prepared to justify any additional expenditure. You should understand that you might be asked to reduce these if they are not acceptable to the Official Receiver.

Once you have put together your living expenses budget you should speak to one of our experts who can help you decide whether or not it is reasonable and if Bankruptcy is a sensible solution for you.

Debt Solutions Living Expenses Guide

If you have a debt problem you will need to complete a living expenses budget. What types of expenditures are allowed in your budget? Where can you get a guide to your allowable living expenses? To find out more please visit

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