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...
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
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
Old balance transfers - please help
Posted - 15 June 2010 : 19:55:01
