Advice needed pls

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Posts: 1
by Jagoman » Mon Apr 23, 2018 6:36 am
Hi all, BR approved, interview done, mentioned in interview I borrowed the money from family and friend, but did not include in application as they know my financial problem so they did write off.
So OR wants the details of personal creditors their names, addresss, phone numbers, and amounts If not paid, will be added to creditors list and will be informed of BR.

Will my family members or friend will be investigated?
So what's legality involve to provide their details, one family member is overseas.
some one can help me regarding above matter. I will fully co operate with OR.

I have not paid preference payment to anyone, as I was in finically problem, they helped me, and told me not to pay us back, so what should I do, thanks
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Forum Expert
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by Foggy » Mon Apr 23, 2018 6:46 am
All I can advise is that you do what the OR requests. His duty is to fully investigate your financial affairs and this is part of it.
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Lisa Thomas
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Posts: 7237
by Lisa Thomas » Mon Apr 23, 2018 8:33 am
S/he needs to ensure your total liabilities are correct and not understated.

S/he will also look at any repayments to connected parties and whether any illegal preferences have occurred (payments back to one creditor at a time the other creditors were not repaid), which could be overturned.
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