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 can my brother pay all my debtors so to avoid sale
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ga1
Starting Member



3 Posts

Posted - 28 November 2009 :  21:35:07  Show Profile  Visit ga1's Homepage  Reply with Quote
can my brother pay all my debtors so to avoid sale of my property

chester2005
Average Member



United Kingdom
786 Posts

Posted - 28 November 2009 :  22:57:06  Show Profile  Reply with Quote
hi and welcome to the forum
when you say debtors do you mean the people you owe money to?? they are creditors.
if you havn't been declared BR (bankrupt) your brother or anyone can pay your debts for you.
if you are already BR then your brother would have to pay the OR and he would pay your debts and the BR could be annulled


Dave

Don't worry or know that worrying is as effective as trying to solve an algebra equation by chewing bubble gum.(Baz Lurman)
RevivaUK helped me through it all i can't recommend them enough!!
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Skippy
forum expert



United Kingdom
3290 Posts

Posted - 29 November 2009 :  14:27:02  Show Profile  Reply with Quote
If you have already been made BR he will most probably have to pay the OR's fees as well, so in that case it may be cheaper for him to buy the beneficial interest in your property to enable you to keep it.

Tomorrow is a mystery, yesterday is history, today is the present, a gift to make the most of.

View my blog at http://skippy13.blogs.bankruptcyhelp.org.uk/

28 IPA payments made, 8 to go - in single figures!
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