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Joint RBS overdraft

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Comments

  • Ineedaname
    Ineedaname Posts: 3,681 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Thanks JCS, I just put them in that order of priority as I believed that was the order they would be paid off by the OR - thinking along business BR lines where debts with no legal contract are the lowest priority.

    I did also say that all debts should be repaid in proportion!
    When I joined, I needed a name. The forum members gave one to me...I am INAN :D
    "Fortunes ebb and flow and a boat must move with the tide and be thankful that it floats." Judith Allnatt
  • JCS1
    JCS1 Posts: 5,336 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    OR's fees get paid first, and (if a trader) employees have preferential payment, but then everything else is split out between unsecured creditors.
  • Ineedaname
    Ineedaname Posts: 3,681 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Righty-ho, cheers for that.
    When I joined, I needed a name. The forum members gave one to me...I am INAN :D
    "Fortunes ebb and flow and a boat must move with the tide and be thankful that it floats." Judith Allnatt
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