Bankruptcy and Family payment
Posted: Sun Mar 28, 2021 1:07 pm
Hi guys
I am new to this group. So please be gentle, I’m just looking for advice.
I’ve struggled with debt for many many years, after speaking with a couple of debt charities I am advised to file for Bankruptcy, or an IVA, I don’t actually want to enter into an IVA as I feel it will just drag the debt on for longer than I want it too, baring in mine I’ve been struggling with it for many many years.
I currently make weekly payments to my Parents on a weekly basis from my wages. This is just simply financial help for my parents. I have not filed a bankruptcy application yet, but when I do, will the adjudicator or Official receiver deem this as an unnecessary expense and order it to be stopped with the money sent to parents taken in any possible IPA
Thank you for any advice.
I am new to this group. So please be gentle, I’m just looking for advice.
I’ve struggled with debt for many many years, after speaking with a couple of debt charities I am advised to file for Bankruptcy, or an IVA, I don’t actually want to enter into an IVA as I feel it will just drag the debt on for longer than I want it too, baring in mine I’ve been struggling with it for many many years.
I currently make weekly payments to my Parents on a weekly basis from my wages. This is just simply financial help for my parents. I have not filed a bankruptcy application yet, but when I do, will the adjudicator or Official receiver deem this as an unnecessary expense and order it to be stopped with the money sent to parents taken in any possible IPA
Thank you for any advice.