What Expenses Can I Claim for If Going Bankrupt?

Insolvency Service Household ExpenditureWhen you go bankrupt there are certain figures that the insolvency service would use to calculate your monthly disposable income. Obviously, some outgoings such as mortgage, rent or council tax will vary depending on where you are.

Here is a list of some of the figures that the Official Receiver would expect to see on your income and expenditure depending on your status.

Bankrupts Status:

All Figures Are Monthly

Bankrupt Single Retired

Mortgage or rent

 Variable

Council Tax

 Variable

Gas

and

 & Electricity

and

 &Other heating charges

£83.00

Water

£33.00

Telephone

£34.00

Housekeeping

£206.00

Travelling Public Transport

£28.00

Travelling Personal Transport

£83.00

Clothing

£29.00

Maintenance payments

 31.7.119

Fines

 31.7.119

Other possible outgoings to be considered

TV licence

 £12.50

All insurance

31.7.117

Dry Cleaning

31.7.116

School Meals

Variable

After School Clubs/trips

31.7.94

Childcare (to cover care whilst working)

31.7.95

Dentist

31.7.122

Prescriptions

31.7.121

Opticians

31.7.122

Vet Bills (evidence to be provided)

31.7.116

Pet food

31.7.116

Professional body membership

31.7.107

Hairdressers

£15.00

Holidays

£20.00

Other essential item

Other essential item

Other essential item

Standard emergency allowance

£10.00

 Bankrupt Single without Children

Mortgage or rent

 Variable

Council Tax

 Variable

Gas

and

 & Electricity

and

 &Other heating charges

£83.00

Water

£33.00

Telephone

£34.00

Housekeeping

£206.00

Travelling Public Transport

£28.00

Travelling Personal Transport

£83.00

Clothing

£41.00

Maintenance payments

 31.7.119

Fines

 31.7.119

Other possible outgoings to be considered

TV licence

 £12.50

All insurance

31.7.117

Dry Cleaning

31.7.116

School Meals

Variable

After School Clubs/trips

31.7.94

Childcare (to cover care whilst working)

31.7.95

Dentist

31.7.122

Prescriptions

31.7.121

Opticians

31.7.122

Vet Bills (evidence to be provided)

31.7.116

Pet food

31.7.116

Professional body membership

31.7.107

Hairdressers

£15.00

Holidays

£20.00

Other essential item

Other essential item

Other essential item

Standard emergency allowance

£10.00

 Bankrupt Cohabiting with 2 Children

Mortgage or rent

 Variable

Council Tax

 Variable

Gas

and

 & Electricity

and

 &Other heating charges

£121.00

Water

£46.00

Telephone

£68.00

Housekeeping

£523.00

Travelling Public Transport

£71.00

Travelling Personal Transport

£207.00

Clothing

£165.00

Maintenance payments

 31.7.119

Fines

 31.7.119

Other possible outgoings to be considered

TV licence

 £12.50

All insurance

31.7.117

Dry Cleaning

31.7.116

School Meals

Variable

After School Clubs/trips

31.7.94

Childcare (to cover care whilst working)

31.7.95

Dentist

31.7.122

Prescriptions

31.7.121

Opticians

31.7.122

Vet Bills (evidence to be provided)

31.7.116

Pet food

31.7.116

Professional body membership

31.7.107

Hairdressers

£40.00

Holidays

£60.00

Other essential item

Other essential item

Other essential item

Standard emergency allowance

£40.00

 Bankrupt Single with One Child

Mortgage or rent

 Variable

Council Tax

 Variable

Gas

and

 & Electricity

and

 & Other heating charges

£89.50

Water

£35.00

Telephone

£43.50

Housekeeping

£295

Travelling Public Transport

£30.00

Travelling Personal Transport

£88.50

Clothing

£69.50

Maintenance payments

 31.7.119

Fines

 31.7.119

Other possible outgoings to be considered

TV licence

 £12.50

All insurance

31.7.117

Dry Cleaning

31.7.116

School Meals

Variable

After School Clubs/trips

31.7.94

Childcare (to cover care whilst working)

31.7.95

Dentist

31.7.122

Prescriptions

31.7.121

Opticians

31.7.122

Vet Bills (evidence to be provided)

31.7.116

Pet food

31.7.116

Professional body membership

31.7.107

Hairdressers

£20.00

Holidays

£30.00

Other essential item

Other essential item

Other essential item

Standard emergency allowance

£20.00

Obviously if your figures are far greater than the one shown above  you would have to give evidence showing why  you have a much higher figure.

The figures in red relate to the relevant sections of the insolvency service technical manual. Therefore if you do a search for “31.7.116 Insolvency” you should be taken to the relevant page relating to this section.

Should you have any questions regarding this, or your particular scenario is not listed above, then why not drop me a line and I will put your information into the calculator and see what it spews out.

Bankruptcy Advice

Just on a final word, if you are considering bankruptcy, take advice, then more advice, then even more advice from various sources. Remember if you have a property, you could lose this in bankruptcy! If you inherit any money during bankruptcy, guess what? You could lose this too! So if going bankrupt, make sure it is the right thing for you.

Also click on the image at the top of the page for additional information.


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