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?
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
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
I am declaring bankruptcy. Will payments to parents for board be allowed as expenditure ?
Posted - 28 January 2015 : 18:27:54
