| T O P I C R E V I E W |
| worriedsick |
Posted - 15 June 2010 : 19:55:01
Right here goes
My mother transferred some balances from my credit cards to hers approx....3 or 4 years ago.
She has suffered a stroke recently leaving her unable to work and now has to file for BR to rid her of some debt (13k).... will they try to reverse those transactions from back then???
I am currently in an IVA and can not afford anything else to happen...
This is ruining us both |
| 7 L A T E S T R E P L I E S (Newest First) |
| RHB |
Posted - 16 June 2010 : 07:32:09
Could she not apply for a debt relief order instead? |
| debtinfo |
Posted - 15 June 2010 : 21:11:01
solvency as defined in the Insolvency Act is either
Having greater assets than her debts and having the ability out of her income to pay all of the debts that were due at that time (ie the normal monthly payments)
There is no point worrying about it at the moment, if anything happens let us know |
| worriedsick |
Posted - 15 June 2010 : 20:57:11
she had paid all her bills upto december and was obviously paying them off as much as she could to get them off as quick as poss but the stroke has ended it all now |
| worriedsick |
Posted - 15 June 2010 : 20:56:11
what constitutes to her being solvent?
if she wasnt what will happen? |
| debtinfo |
Posted - 15 June 2010 : 20:52:11
If she was solvent then their should be no problem |
| worriedsick |
Posted - 15 June 2010 : 20:49:36
She was managiong fine back then, the only change has come due to her stroke, she can no longer work anymore meaning she only has benefits to live on |
| debtinfo |
Posted - 15 June 2010 : 20:42:48
Was she solvent at the time of the transfers |
