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db123
Starting Member
18 Posts |
 Posted - 06 January 2012 : 17:44:40
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| Hi am really worried as withdraw £1000 on my credit card to pay my dad back for the money he lent us to start up the car valeting business but now we are considering going bankrupt will this be okay if i explained why i withdraw it when i go bankrupt? |
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Viki.W
forum expert
United Kingdom
2211 Posts |
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db123
Starting Member
18 Posts |
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db123
Starting Member
18 Posts |
Posted - 07 January 2012 : 08:12:58
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Hi I paid him back a few days ago as he needed the money back. Thanks.Originally posted by Viki.W[/i]
When did you pay your Dad back?
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
Please read my experience of debt via my blog at http://vikiw.blogs.iva.co.uk/
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Viki.W
forum expert
United Kingdom
2211 Posts |
Posted - 07 January 2012 : 08:34:51
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Unfortunately, The Official Receiver will want the money back to distribute to all your creditors evenly, including your Dad, as you have preferred a creditor. With it being just a few days ago, they will pick up on this.
Can you get the money back from your Dad and perhaps save it for your bankruptcy fees?
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
Please read my experience of debt via my blog at http://vikiw.blogs.iva.co.uk/ |
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db123
Starting Member
18 Posts |
Posted - 07 January 2012 : 08:44:55
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If I did get the money back from my dad would they still want the money back if i did use it for bankruptcy fees? As am really struggling to pay for this anyway and we are also struggling to find somehere to live as the local council have not got any proirty poperty available to let us live in. We have seen a house that would except us but we can't raise the captial for deposit and would struggling to pay the rent and bills. Any suggestions as we are going to be homeless. We both are on contribution esa and thats all our income. Please help.
quote:
Originally posted by Viki.W
Unfortunately, The Official Receiver will want the money back to distribute to all your creditors evenly, including your Dad, as you have preferred a creditor. With it being just a few days ago, they will pick up on this.
Can you get the money back from your Dad and perhaps save it for your bankruptcy fees?
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
Please read my experience of debt via my blog at http://vikiw.blogs.iva.co.uk/
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Viki.W
forum expert
United Kingdom
2211 Posts |
Posted - 07 January 2012 : 08:48:54
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I'm not suggesting you use credit now you know you are going to declare bankruptcy, but if you already have the money, then use it for your bankruptcy fees, not to pay back your Dad. Don't use any more credit, especially for your deposit.
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
Please read my experience of debt via my blog at http://vikiw.blogs.iva.co.uk/ |
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Hi am really worried as withdraw £1000 on credit card
