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 I am declaring bankruptcy. Will payments to parents for board be allowed as expenditure ?
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Starting Member

1 Posts

Posted - 28 January 2015 :  18:27:54  Show Profile  Visit Lisa.c's Homepage  Reply with Quote
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?


United Kingdom
4590 Posts

Posted - 28 January 2015 :  18:29:52  Show Profile  Reply with Quote
Hi and welcome,

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

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forum expert

United Kingdom
2211 Posts

Posted - 28 January 2015 :  20:58:15  Show Profile  Reply with Quote
Hi, as Niobe has said, reasonable board payments will be allowed.

Have you taken advice re your debts?

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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forum expert

United Kingdom
565 Posts

Posted - 31 January 2015 :  10:45:06  Show Profile  Visit Blackie's Homepage  Reply with Quote
Hi Lisa.C

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


For help and advice on the easiest and most effective way to a debt free future, please telephone me on FREEPHONE 0800 298 0253
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