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 I am declaring bankruptcy. Will payments to parents for board be allowed as expenditure ?

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T O P I C    R E V I E W
Lisa.c Posted - 28 January 2015 : 18:27:54
I am declaring bankruptcy. I live with my parents and pay them board. Will this be allowed as an expenditure that i can continue paying once i am declared bankrupt with regards to the IPO?
3   L A T E S T    R E P L I E S    (Newest First)
Blackie Posted - 31 January 2015 : 10:45:06
Hi Lisa.C

It may be worth your while telling the forum the amount of your debts and whether advise has been taken. You only enter bankruptcy as a last resort and there are other alternatives.

All the best

John

For help and advice on the easiest and most effective way to a debt free future, please telephone me on FREEPHONE 0800 298 0253
Viki.W Posted - 28 January 2015 : 20:58:15
Hi, as Niobe has said, reasonable board payments will be allowed.

Have you taken advice re your debts?


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 - 28 January 2015 : 18:29:52
Hi and welcome,

You are allowed living expenses so the board paid to your parents will be ok.

The friend in my adversity I shall always cherish most. I can better trust those who helped to relieve the gloom of my dark hours than those who are so ready to enjoy with me the sunshine of my prosperity. – Ulysses S. Grant



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