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Advice on being involved with someone else´s banruptcy

mrsketchup · 2009-10-09 11:05:44

Hi, Just wondering if anyone can help in my dilema. A friend of mine lent me some money last year and I am now out of a job and unable to pay back the debt. She is now saying that she has to go bankrupt and therefore declare the loan as money owed to her. It was nothing formal, just friends helping each other out. What…

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debtinfo Posts: 7,012 Forumite

10 October 2009 at 5:25PM

If she personally lent the money to you and it is the limited company that has gone under then you will not be involved. If she personally goes bankrupt then the OR will ask you to repay the money you owe her

Hi, im Debtinfo, i am an ex insolvency examiner and over the years have personally dealt with thousands of bankruptcy cases.
Please note that any views i put forth are not those of my former employer The Insolvency Service and do not constitute professional advice, you should always seek professional advice before entering insolvency proceedings.
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Advice on being involved with someone else´s banruptcy

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