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Posted: Fri Aug 10, 2007 11:01 am
by housewife
hi i am looking bk and was wondering if everyone you owe any money to has to be included in bk as i have a store credit of £500 to a shop owned by a friend and dont want them included,dont really understand how bk works , we only have around £89 left over a month do i have to pay this to anyone? tanks i have so many questions going through my head!!!
lisa siddons
Posted: Fri Aug 10, 2007 11:14 am
by MelanieGiles
Hi again
You must include all of your debts in your bankruptcy application. If you have only £89 left at the end of each month, it is unlikely that you will be required to make any voluntary contributions.
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://melaniegiles.blogs.iva.co.uk
Posted: Fri Aug 10, 2007 12:00 pm
by iva_squirrel
Hi housewife,
Unfortunately you have to include that store card in your bankrupcty application. And as Melanie said it is unlikely that you will have to make any contributions.
Regards,
Michelle P.