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Bankruptcy and Family payments Personal Bankruptcy

Discussion in 'Bankruptcy Law' started by mart7379, Mar 28, 2021.

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  1. mart7379

    mart7379 Law Topic Starter New Member

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    Hi guys
    I’ve struggled with debt for many many years, after speaking to Stepchange and a number of other debt help agencies I’m advised to declare bankruptcy. Or enter into an IVA

    Out of the 2 options I want to put an end to my problems and declare Bankruptcy, I feel an IVA will just drag my problems on and only takes a missed payment that results in my debts coming back. One issue I need clarification on is I currently send money to parents weekly, would the official receiver or Adjudicator see this as an unnecessary payment and order this to be stopped.

    Thanks in advance for any advice
    Mart


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  2. mart7379

    mart7379 Law Topic Starter New Member

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    Sorry I think I have posted this in a US forum? My assistance in required in the UK


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  3. Tax Counsel

    Tax Counsel Well-Known Member

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    Yes, you posted in a US forum. US and UK bankruptcies are significantly different, so we'll be unable to help you with this. I suggest you seek out a solicitor near you who handles bankruptcy to answer the questions you have about your particular situation. That will be the best source of information for you.
     
  4. mart7379

    mart7379 Law Topic Starter New Member

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    My apologies I was trying to find a Uk forum, this group popped up and automatically posted my question, I then realised it was likely to be a USA forum.


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  5. adjusterjack

    adjusterjack Super Moderator

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