On This Morning!
Debtwizard Facebook Debtwizard Twitter

Call 03339 870 180  
Monday to Thursday: 9.00am - 8.00pm, Friday 9.00am - 5.30pm

Simple debt advice - with no up-front costs

IVA, bankruptcy & debt management expenditure guidelines

Thursday, 5th August 2010

calculator-paperThese revised expenditure guidelines are for 2013

This is a guide only and your actual expenditure, so long as it is reasonable and can be justified, should be the figures presented to and accepted by creditors/lenders.

The IVA, bankruptcy & debt management expenditure guidelines are designed to help you work out what the minimum and maximum lenders/creditors allow for housekeeping (food and toiletries), hairdressing, clothes and work meals, should your income allow it, plus much more.

We break each section down of your expenditure detailing some helpful tips about what lenders/creditors allow for one person, a couple and for each additional child.

Anyone thinking of proposing either a Debt Management Plan or Individual Voluntary Arrangement (IVA) or even going Bankrupt will find this guide extremely useful.


The IVA, bankruptcy & debt management expenditure guidelines are for guidance only. Lenders may vary the figures in line with your personal circumstances.


Preview and downloadable PDF

Log in to read on

There's more to this article - but we kindly ask you to log in to DebtWizard before you can read on.

If you don't have a log in for DebtWizard yet, creating your account is quick and easy - it's also completely free of charge.


Budget Wizard

The DebtWizard Budget Form, which is free, will not only help you avoid getting into debt but if you are in debt already it will quickly establish your position and predict how much your debt will increase over the next 5 years.

It's completely web based and private, secured with 256 bit encryption. Because it's all on the web you can log in and work on your free budget form anywhere there is an internet connection.

Take me to the Budget wizard




For no nonsense advice just submit the short form and Mike or one of his team will get back to you.

Unsecured debt

--Debt Amount--

Home owner

Yes No

No. of creditors


Current payments

£0 - £25

Affordable payments

£0 - £25



Email Address

Phone Number


Yes No Can we leave a voicemail

Yes No Can we contact you via SMS

Yes No Can we contact you via email

Best time to call


Please note: If you continue you are agreeing to our privacy policy, available here.