What Expenses Can I Claim for If Going Bankrupt?

When 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.

Table of Contents

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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