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 What is classed as acceptable expenditure ? Does it include counselling and child care ? I
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Starting Member

1 Posts

Posted - 27 February 2016 :  09:55:01  Show Profile  Visit Tracey.02's Homepage  Reply with Quote
hi my husband and I have debts of £22600 with 5 creditors, our total income is £2597 a year, firstly what is classed as acceptable expenditure as I pay for counselling and child care but haven't kept any receipt's, is bankruptcy worth going for?

Junior Member

230 Posts

Posted - 27 February 2016 :  11:06:52  Show Profile  Reply with Quote

As someone who did it and never looked back I would say yes it's definitely worth it. Everyday things are allowed so those will be fine. But the Official Receiver will tell you if otherwise after your 15 minutes of fame in court.
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forum expert

United Kingdom
2211 Posts

Posted - 27 February 2016 :  11:33:23  Show Profile  Reply with Quote
Hi Tracey,

I suggest you speak to a debt advisor to go through all your options as there are lots of other solutions that may be more suitable, such as a debt relief order.

How much is your debt?
How much is your husband's debt?
How much joint debt?
Are you home owners?

Please post back or call an expert to chat everything through.

Viki Warbrooke
Vincent Bond & Co
If you would like free advice on all options available and help with your bankruptcy petition please contact me at http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
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United Kingdom
4590 Posts

Posted - 27 February 2016 :  14:41:19  Show Profile  Reply with Quote
Hi and welcome,

I totally agree with Viki that you should check all the options. She is there to help with free advice. Give her a call.

The friend in my adversity I shall always cherish most. I can better trust those who helped to relieve the gloom of my dark hours than those who are so ready to enjoy with me the sunshine of my prosperity. – Ulysses S. Grant

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