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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
27 August 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

7. Phone costs

7.1 Money advisers/trustees should obtain evidence of expenditure relating to home and mobile phone contracts. This should be available from sources including original correspondence/billing from the company, on-line account information or through other evidence such as the purchase of pay as you go top up credits.

7.2 It may be more difficult to verify pay as you go credit than contract information, but information should be available from bank statements or the mobile phone company records.

7.3 If mobile phone costs are high, the reason for this should be explored and consideration must be given as to whether the existing expenditure is allowable or sustainable in the future. Where trigger figures are breached, evidence must be obtained and options to reduce future expenditure explored with the debtor.

First published
Wednesday, 30 November 2016
Last updated
Tuesday, 27 August 2024 -
All updates

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

  2. 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.

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

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

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

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

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

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

  9. Originally published

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