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 bankruptcy postbag for march
 i am trustee for my 10 year old son
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debbie.f
Junior Member

172 Posts

Posted - 22 March 2008 :  22:40:14  Show Profile  Reply with Quote
i am trustee for my 10 year old son who has a building suceity account but i am going bankrupt. what happens too his account after i am bankrupt?

melanie_giles
Senior Member



1191 Posts

Posted - 22 March 2008 :  23:35:46  Show Profile  Visit melanie_giles's Homepage  Reply with Quote
Hi Debbie and welcome to the forum

The funds are held in trust for your son and do not vest in the Trustee in bankruptcy.
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JulianDonnelly
Junior Member



United Kingdom
325 Posts

Posted - 23 March 2008 :  20:51:24  Show Profile  Visit JulianDonnelly's Homepage  Reply with Quote
Hi Debbie,

I agree with Melanie that your sons trust is safe.

Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk
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debbie.f
Junior Member

172 Posts

Posted - 24 March 2008 :  12:18:16  Show Profile  Reply with Quote
WE ARE CLOSE TO OUR BR APPOINTMENT BUT NEED SOME MORE QUESTIONS ANSWERED.
1.WE ARE SERIOUSLY IN ARREARS WITH COUNCIL TAX AND HOUSING OVERPAYMENTS. DO THEY WIPE THOSE DEBTS OFF AS WELL AS THE OTHERS?
2.WE ARE BOTH WORKING,IM PART TIME MY HUSBAND FULL TIME. OUR MONTHLY INCOME IS AROUND 1400-1500 P.M.. WHAT ARE THE RULES ON IPO?
MANY THANKS.
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melanie_giles
Senior Member



1191 Posts

Posted - 24 March 2008 :  13:11:42  Show Profile  Visit melanie_giles's Homepage  Reply with Quote
Answered on your earlier post!
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JulianDonnelly
Junior Member



United Kingdom
325 Posts

Posted - 24 March 2008 :  13:44:34  Show Profile  Visit JulianDonnelly's Homepage  Reply with Quote
Hi Debbie,

Is the Council Tax yet from this year or last they normally write off older council tax debts?

If the debt is recent then talk to the council explain what you are doing and see if you can structure any arrears over future payments.

As far as an Income Payment Order or Agreement is concerned this would depend on your expenditure and any disposable income after this expenditure is calculated there is a great guide to income in expenditure on the forum if you go to the forum home page and look at income payment orders this will tell you everything you need to know.

All the best


Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk
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Helpful Advice
Average Member



United Kingdom
646 Posts

Posted - 24 March 2008 :  21:43:34  Show Profile  Visit Helpful Advice's Homepage  Reply with Quote
Hi

I have answered your other topic posting

Kind Regards,

Brett England


Bankruptcy Specialist

England,Jackman & Spacey

WebSite www.ejands.co.uk


View my story at:

http://www.bankruptcyhelp.org.uk/forum/topic.asp?TOPIC_ID=594
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