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Accountant in Bankruptcy

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Publication - Notes for Guidance

Notes for Guidance - Common Financial Tool

First published
30 November 2016
Last updated
10 December 2024 - see all updates
Topics
Bankruptcy, Debt Arrangement Scheme, Protected Trust Deeds

Notes for Guidance explaining the information and evidence requirements to support debt solution applications

Supporting documents

10. Other expenditure

10.1 Other expenditure includes a range of expenditure that would not be categorised alongside general housekeeping. As is the case with housekeeping, absolute verification of such expenditure may be difficult to obtain through documentation or examination of bank account activity.

10.2 Evidence will be available to support certain items within the other category. This includes the amount paid towards cable, satellite, and internet access. These items should be supported by original documentation from the companies providing the service/insurance.

10.3 Where pet costs are included, an explanation, and evidence where possible, should be produced to support the information provided. If pet insurance is being paid for, this must be evidenced.

10.4 A more flexible approach should be adopted in assessing the expenditure associated to the other items within this category. Similar to other categories of expenditure with associated trigger figures, any expenditure where the trigger figure is breached will require suitable evidence and/or explanation of the expenditure.

First published
Wednesday, 30 November 2016
Last updated
Tuesday, 10 December 2024 -
All updates

  1. 6.8 AiB will only require sight of supporting evidence/estimates if it has been determined that the spend will exceed £143 per month. This will increase to £145 per month from the 1 January to the 31 March 2025.

  2. Following Ofgem announcement on energy price cap, an amendment has been made to essential expenditure section 6.8

  3. Change to evidence requirements - expenditure for gas and electricity, without the need to provide evidence has been amended to £130 per month from July 2024.

  4. AiB now facilitates the CFS and previous references to MAT have now been changed to AiB

  5. Amended trigger figure, energy cap and removal of COL

  6. Change to evidence requirements - the expenditure for gas and electricity, without the need to provide evidence has been amended to £140 per month combined.

  7. Amendments made to payment amounts and dates in Appendix B - UK Government Cost of Living Support - Help with Energy Bills

  8. Pet changes moved from section 10 housekeeping to section 11 other expenditure

  9. Amendment to reflect the energy price cap set to an annual level of £1,928 as of 1 January 2024

  10. Originally published

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