§29.525. Ordinary and necessary living expenses.
31 C.F.R. § 29.525
An individual's ordinary and necessary living expenses include rent, mortgage payments, utilities, maintenance, transportation, food, clothing, insurance (life, health, and accident), taxes, installment payments for which the individual is already liable, medical expenses, support expenses for which the individual is legally responsible, and other miscellaneous expenses that the individual can establish as being ordinary and necessary.
Notes, amendments, and revision history
Source
Source: 66 FR 36705, July 13, 2001, unless otherwise noted.
Authority
Authority: Subtitle A and Chapter 3 of Subtitle H, of Pub. L. 105-33, 111 Stat. 712-731 and 786-787; as amended.
Source
Source: 65 FR 77501, Dec. 12, 2000, unless otherwise noted.