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new person here : quick question !

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Comments

  • dojoman
    dojoman Posts: 12,027 Forumite
    tech2 wrote: »
    It would only be favouring a creditor if payment was made post bankruptcy surley?

    And if you paid the money directly to the loan account thrn how do they get it back?

    Was the loan always in you dads name or did your dad take a loan to pay of your loan when u got into difficulty?

    If he was declared BR then he should not have the money to pay his dad back as he is insolvent. Once you realise you are insolvent is the time you should stop paying creditors or at the least not favour one over any other. The OR has ways and means of getting monies back.
    :pB&SC No. 298
    Life`s Tragedy is that we get OLD too soon
    and WISE too late!
  • debtinfo
    debtinfo Posts: 7,012 Forumite
    Hi tech2, what you are suggesting is refered to as a preference payment, where you prefer to pay one debt over the others due to personal reasons.

    This can result in further retrictions being placed on the bankrupt for an extended period of time and the OR can pursue the person who received the money (the bankrupts father) to recover the money
    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.
  • t666
    t666 Posts: 65 Forumite
    Part of the Furniture Combo Breaker
    tech2 wrote: »
    It would only be favouring a creditor if payment was made post bankruptcy surley?

    And if you paid the money directly to the loan account thrn how do they get it back?

    Was the loan always in you dads name or did your dad take a loan to pay of your loan when u got into difficulty?

    I'm a girl by the way hehe.

    The loan is was always in my dads name. started about 2 yrs ago... about 9k to pay off now, maybe bit less.

    I have truly added up what i pay at tesco metro and it really does come to around 400 per month,, thats with the cheapest things i can find... !

    I think im even more confused now. Think doing a runner was the best option after all!!!
  • fiveyearplan
    fiveyearplan Posts: 10,145 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    There is no way an OR would allow £400 per month for housekeeping for one person. I live in London too. Do you buy all ready meals or do you cook?

    :j :j


  • tigerfeet2006
    tigerfeet2006 Posts: 14,030 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    I spend £500 per month for a family of 5 and sometimes I get it below that, so I think you need to look at what you are spending your money on.

    Have a look at Oldstyle Moneysaving to help you get your bills down.
    http://forums.moneysavingexpert.com/forumdisplay.html?f=33
    BSCno.87
    The only stupid question is an unasked one
    Loving life as a Kernow Hippy
  • philnicandamy
    philnicandamy Posts: 15,685 Forumite
    10,000 Posts Combo Breaker
    I have truly added up what i pay at tesco metro

    thats the problem....most Metro's near me charge 2-3 times more than a normal supermarket would charge it may be simply you need to travel a bit further to change shops

    I'l agree with others £400 is most definatley a no no for a sibgle person..I didnt get that much for two of us
    We all die. The goal isn't to live forever, the goal is to create something that will
  • fiveyearplan
    fiveyearplan Posts: 10,145 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Why don't you try to do one shop per week. Whenever I have to go mid week I always end up spending an extra £30-£40 (or more) on things we just don't need.

    :j :j


  • tigerfeet2006
    tigerfeet2006 Posts: 14,030 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Meal planning helps to :)
    BSCno.87
    The only stupid question is an unasked one
    Loving life as a Kernow Hippy
  • fiveyearplan
    fiveyearplan Posts: 10,145 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    tigerfeet2006 wrote: »
    Meal planning helps to :)
    I agree. :D

    Also things you cook that can last for 2 days ends up even cheaper.

    :j :j


  • philnicandamy
    philnicandamy Posts: 15,685 Forumite
    10,000 Posts Combo Breaker
    fiveyearplan wrote: »
    Why don't you try to do one shop per week. Whenever I have to go mid week I always end up spending an extra £30-£40 (or more) on things we just don't need.


    snap.....same here we limit now to once a week anything else we need midweek has to wait
    We all die. The goal isn't to live forever, the goal is to create something that will
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