Does credit in a utility account count as an asset?

I'm currently paying more on my DD than what I estimate I'll need over the period of my fixed energy deal, I've left my it as it is as that's what the energy company recommend and it's not a massive difference, but obviously I'll build up a credit of £300 or more over the next 2 years which can then be withdrawn, also we are getting a £400 credit in October from the government so it will be the best part of £1000 in credit. Does this need to be declared as an asset? 

The bankruptcy application only seems to mention things like valuable property and bank accounts, are utilities treated differently?


  • sourcrates
    sourcrates Posts: 28,854 Ambassador
    First Anniversary Name Dropper First Post Photogenic
    edited 26 July 2022 at 8:00PM
    Yes they are treated differently, please, please, please don`t keep over think these things, it has already been pointed out to you what the OR considers to be an asset, and what they have no interest in.

    Its understandable that you want some clarification on things, but utility bill credit is there for a purpose, (as bills tend to fluctuate at different times of the year), a purpose in which the OR has no interest whatsoever.
    I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- The "provit letter" is here-
  • ThunderHoof
    ThunderHoof Posts: 92 Forumite
    First Anniversary Name Dropper First Post
    Ok, thanks for that clarification. Maybe I'm just being a bit paranoid that paying more than my utility bill actually is, is going to be seen as deliberately depriving my creditors of income and putting it aside for myself effectively.
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