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Essie
Junior Member
United Kingdom
115 Posts |
 Posted - 15 April 2012 : 22:23:20
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Hi guys,
Please could you tell me if debt to family members is wiped following br?
I borrowed a substantial amount of money from my dad but he is adamant that I still have to pay this back.
If you could advise I would appreciate it,
Thank you
E
Finally got head out of sand in October 2010
BR March 2011
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pcoventry
Junior Member
United Kingdom
235 Posts |
Posted - 15 April 2012 : 23:52:36
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I don't think it is.. I might be wrong but if so it's a low thing to do.
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Essie
Junior Member
United Kingdom
115 Posts |
Posted - 15 April 2012 : 23:53:51
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Low not to pay ot back you mean?
Finally got head out of sand in October 2010
BR March 2011
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debtinfo
forum expert
2826 Posts |
Posted - 16 April 2012 : 06:50:07
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| yes all eligable debts are include in bankruptcy including those to family members, make sure you tell the OR about the debt and he will get a letter informing hi of the bankruptcy like all other creditors |
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Essie
Junior Member
United Kingdom
115 Posts |
Posted - 16 April 2012 : 15:01:49
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Thank you for your advice. I was discharged at the end of march 2012 (woooo) but my dad never heard anything from the OR (I told her I owed him a lot).
Dad won't accept the debt got wiped unfortunately. My issue is dad's will (he's very sick at the moment so it's an important subject which must get resolved sooner rather than later).
My brother was given 30k towards his property when he brought it and I would have got the same had I been in a position to buy at any point. Dad is gong to take the 30k I owe him out of the settlement for the will and I do not get the 30k for a property should I buy in the future. So I lose 30k and am denied another 30 which my brother got. I know it sounds petty, but to me, and I'm sure to a lot of you guys too, 30k is a hell of a lot of money and I could never save that much up.
(I'm very money focused as dad was/is an accountant and we never got anything for free So if I see someone getting more than me I et very upset about it.)
I don't know how to handle this one. Does anyone have any ideas?
I think dad should just forget I owe the 30k and I don't get the house money.
Thank you, I know this is off topic!!
Finally got head out of sand in October 2010
BR March 2011
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Viki.W
forum expert
United Kingdom
2211 Posts |
Posted - 16 April 2012 : 15:58:42
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Hi Essie,
I don't thank anyone can give you advice on this as it's very, very personal.
I do hope you get this sorted though.
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 |
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nepensioner
Starting Member
18 Posts |
Posted - 16 April 2012 : 16:49:53
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| Hi Essie, I realise that this is really personal to you however being nearer to the end than the beginning as it were, I strongly feel that you are talking about your fathers hard earned money, and as such, what he decides to do with it is his choice. |
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debtinfo
forum expert
2826 Posts |
Posted - 16 April 2012 : 18:03:37
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| as nepensioner says, its his money and he can do as he wishes with it, he can give you more less or nothing |
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Topic |
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Family Debt
