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Social Fund

epkk
epkk Posts: 23 Forumite
in Bankruptcy & living with it
Is it wise me accepting a Social Fund if I intend to go Bankrupt within the next month or so?
Part of me was thinking of accepting it and using it towards my Admin Fees but not sure which option is going to be the best one?

Any ideas?

Comments

  • dmg24
    dmg24 Posts: 33,920 Forumite
    10,000 Posts
    For what reason are you applying for a SF loan? They do not give them without good reason.
    Gone ... or have I?
  • epkk
    epkk Posts: 23 Forumite
    I do need certain items for my son, bed etc. They're not given me a fantastic amount but don't want to accept it if it causes problems?
  • Sinderella
    Sinderella Posts: 41 Forumite
    I too applied for one, although I don't know of their decision yet, if they agree to it, I was thinking of refusing ... just incase.
  • cloverfan
    cloverfan Posts: 635 Forumite
    i was advised to refuse mine by the CAB hth
    Determind to make a better life for ME and my children


    Thanks to hangingbyathread for making me include myself in the above xx
  • fiveyearplan
    fiveyearplan Posts: 10,145 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    I'm sure people on here have used them for their fees without consequence.

    :j :j


  • debtinfo
    debtinfo Posts: 7,012 Forumite
    yep the OR's usually don't mind because they are repayable after the bankruptcy
    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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