HOME  FORUM  MEDIA  EVENTS  ARTICLES  TV  BLOGS
•Home
Bankruptcy:
•Bankruptcy Information Center
•What is Bankruptcy?
•Is Bankruptcy right for me?

•How to declare Bankruptcy?
•What happens to my assets?
•Bankruptcy and credit rating

Forum:
•forum
•register
•search
•faq
•experts

Blogs:
•Bankruptcy News
•More...

Media Room:
•Press releases
•Media Coverage

Other:
•About BankruptcyHelp
•Links
•Contact us
•Debt Glossary
•Insolvency jobs


FORUM
  > Browse and post on our forum
Home   |   Profile   |   Register   |   Active Topics   |   Members   |   Search   |   FAQ

Welcome to our Forum, please register if you want to post

 All Forums
 archive
 Forum Questions
 Hi I am after some advice regarding my parents.

Note: You must be registered in order to post a reply.
To register, click here. Registration is FREE!

Screensize:
UserName:
Password:
Format Mode:
Format: BoldItalicizedUnderlineStrikethrough Align LeftCenteredAlign Right Horizontal Rule Insert HyperlinkInsert EmailInsert Image Insert CodeInsert QuoteInsert List
   
Message:

* HTML is OFF
* Forum Code is ON
Smilies
Smile [:)] Big Smile [:D] Cool [8D] Blush [:I]
Tongue [:P] Evil [):] Wink [;)] Clown [:o)]
Black Eye [B)] Eight Ball [8] Frown [:(] Shy [8)]
Shocked [:0] Angry [:(!] Dead [xx(] Sleepy [|)]
Kisses [:X] Approve [^] Disapprove [V] Question [?]

 
Check here to subscribe to this topic.
   

T O P I C    R E V I E W
BahBah75 Posted - 15 August 2012 : 21:25:39
Hi I am after some advice regarding my parents.

6 years ago my parents sold their house which was in joint names and purchased their next house in my Mums name only as they were worried about debt collectors.

They sold this house and moved again and the 2nd house was purchased in my Mums sole name about 3 years ago and my Dad has paid off most of the debts e had and has had it under control.

Last week he was diagnosed with Cancer meaning he will have to give up work, this will leave a problem as he owes the inland revenue a chunk of the remaining debt and before he was diagnosed was paying it to avoid them making him bankrupt.

My Mum is worried the I/R will make him bankrupt and she will have to sell her house, I have also seen though that the official receiver won't look further back than 5 years (the house has not been in joint names for 6 years) is this correct?

Want to try and help put her mind at ease and just concentrate on looking after my Dad.

Any help would be appreciated.

Thanks

Jamie
4   L A T E S T    R E P L I E S    (Newest First)
Niobe Posted - 16 August 2012 : 20:38:21
Good luck and let us know how you get on with them,
BahBah75 Posted - 16 August 2012 : 20:34:02
Many thanks all and for the best wishes! I will take mum to the CAB I think! Thanks again
Viki.W Posted - 16 August 2012 : 10:23:57
Hi BahBah75,

Sorry to hear about your Dad.

If the OR thinks that your Dad has an interest in their current home, then he may pursue it and want his share of any equity.

Please ask your Dad to seek advice immediately from CAB or an expert on here.



Viki Warbrooke
Vincent Bond & Co
If you would like free advice on all options available and help with your bankruptcy petition please contact me at http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
Niobe Posted - 16 August 2012 : 09:57:58
Hi Jamie,

I've no idea on this but will keep it bumped up for either Viki or debtinfo to advise on.

bankruptcyhelp.org.uk Forum © bankruptcyhelp Go To Top Of Page
Powered By: Snitz Forums 2000 Version 3.4.06