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Bankruptcy Living Expenses Guide

Bankruptcy Living Expenses Guide

Bankruptcy Living Expenses Guide

If you are applying for Bankruptcy you will need to complete a living expenditure budget as part of your application. You can get a free copy of our bankruptcy living expenses guide here.

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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

Why is your Living Expenses Budget important if you go Bankrupt?

It is very important to get your Bankruptcy Living Expenses Budget right. The total of your expenses will be used by the Official Receiver to work out your disposable income. This is what you will have to pay towards your debts each month.

If you underestimate the amount you spend on any of your expenses or miss some out completely your total budget will be less than you need to spend.

If your living expenses budget is too low you are at risk of the Official Receiver asking you to pay more than you can afford. You will then continue to struggle with the payment even though you are bankrupt.

Struggling to get your head round all of this? We can help. Call us (0800 077 6180) or complete the form below. The advice is free and confidential.

Get a Free Copy of our Bankruptcy Living Expenses Guide

Our Living Expenses Guide gives a comprehensive list of the expenses you should include in your monthly budget.

The guide also recommends expenditure limits for each variable category that you should stay within to ensure that they are acceptable to the Official Receiver (OR).

Remaining within the guidelines will ensure that the OR accepts your expenditure budgets without modification.

The guide is free. To get a copy click the “Download Living Expenses Guide” button at the top right of this page (or at the bottom if you are using your mobile).

How to use the Expenses Guide

The guide MUST be used for guidance purposes only. Every individual’s situation is different. The figures acceptable to the OR in each category may be higher or lower than those indicated depending on your circumstances.

Some of the figures given in the Guide may seem restrictive. However they are known to be generally accepted by the OR. If you want to go Bankrupt you must be prepared to live within a restricted budget

If you feel that you need to spend more than the recommended amounts you should always include these figures in your budget.

You must be prepared to justify any additional expenditure you include. You should understand that you might be asked to reduce these if they are deemed to be unacceptable.

Thinking about going bankrupt but need more advice? Call us (0800 077 6180) or complete the form below. Its free and confidential.

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