he owes a total of 11,000 pounds. I lent him 2500 pounds about 6-7 years ago - not a big deal - with a proviso to pay me back as and when he could. I have no dates or records of when he paid (when family members visited he would give them money to pass on). The only date I do remember is the 200 pou...

The period which covers preferences to connected parties is 2 years from the date that the petition was presented to court so probably back to April 2005. This is a quite complicated area of insolvency and I find it unusual that the OR is actually persuing a potential preference unless its for quit...

Thank you so much for responding. This all greatly concerns me. Can you tell me what is determined as the length of time leading up to bankruptcy? If he declared bankruptcy in April 2007 what length of time do the trustees look at with regard to preferences of payments? thanks again.

I don't think that you've had an answer to your question. Assuming that your father made the payments to you prior to his bankruptcy the insolvency service is claiming that those payments were a preference to a connected party (you). It's open to your Trustee to commence proceedings against you in ...

I am assuming that the payments by your father were made prior to his bankruptcy and not after it? Can you confirm whether this is the case. Regards, Melanie Giles, Insolvency Practitioner for over 20 years. For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http...

Thank you for responding. I lent him the money about 6-7 years ago and he has repaid sporadically over the years - I don't remember dates. He did repay the final 200 pounds in late May 2007. My understanding is he declared bankruptcy in April 2007 so I guess I'd have to pay them that amount? or more...

I am assuming that the payments by your father were made prior to his bankruptcy and not after it? Can you confirm whether this is the case. Regards, Melanie Giles, Insolvency Practitioner for over 20 years. For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http...

my father declared bankruptcy. 5 years ago I lent him money which he has repaid to me over this period - the last payment being 200 pounds in April this year. I am a US citizen. The UK involvency service are demanding that I repay them the money my father repaid me - they say I have received prefere...