Personal Living Expenses

• Electricity
• Trash
• Sew/Water/Septic
• Gas (Home)/Oil
• Phone
• Cell
• Internet
• Food/Groceries
• Cable
• Dining Out
• Work/School Lunch
• Entertail1lnent
• Clothing
• Health Insurance
• Doctors Co-Pay
• Medications
• Medical Equipment
• Dental Insurance
• Dental Co-Pay
• Veterinary
• Clubs, Sports & Hobbies
• Life Insurance
• Car Insurance
• Gasoline
• Auto Expenses
• Taxi/Parking/Public/Transportation Contribution
• Child Support
• Child Care
• Tuition/School Fees
• Business Expenses/Union Dues
• Beauty/Barber/Nails/Dry Cleaning
• Other (Holidays, Birthday, Cigarettes, etc.)

Here we provide a list of general living expenses that you should take into consideration when planning for bankruptcy. If you are filing bankruptcy, these allowable living expenses, published by the IRS, could help the courts determine whether you qualify for Chapter 7 or Chapter 13.

This living expenses list contains typical living expenses that, when subtracted from your income, determines your amount of disposable income. Disposable income comes into play if your income falls above the state median, therefore requiring you to take a means test to determine whether you qualify for Chapter 7 bankruptcy.

While it all sounds complicated, we can clarify today’s bankruptcy law for you and help you through every step of the process, if we determine that bankruptcy is indeed the answer for you. You are not alone. Here at Harold Shepley and Associates we will do everything we can to assist you in achieving your financial freedom.