Bankruptcy and Family payments Personal Bankruptcy

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


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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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