Completing a monthly living expenses statement

If you are applying for a debt relief order you will need to complete a monthly living expenditure statement.

This is a list of all of your living expenses that you reasonably incur during any given month.

To get an accurate view of what you need to spend it is very important that you include all allowable expenses in your list. You should use the Beat My Debt expenses guide to help you do this. To view the guide, click on the link below.

How to use this guide

The Beat My Debt expenses guide lists all of the expenditures which you should consider when completing your monthly expenses budget.

The guide gives hints and tips about how to calculate each item accurately and the budgets which you will have to stay within to be acceptable to your creditors.

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An Acceptable Budget

The budgets may seem restrictive. However they are known to be generally accepted by creditors. As such, you should try stay within the budget for each category. If you do not do this, then your proposal may be rejected.

If you feel that you need to spend more than the recommended amounts, you should use your own figures.

However, if your amounts are greater than those recommended, you must be prepared to justify the additional expenditure and understand that you might be asked to reduce this before an agreement can be reached with your creditors.

Disclaimer

Please note, the Beat My Debt expenses guide must be used for guidance purposes only. The actual figures agreed with your creditors in each category may be higher or lower than those indicated depending on your personal circumstances