Will the court take stuff thats not mine

outoftime_2

Hi guys i new here but hope that wont put people off helping as i don't know what else to do, Due to my dad getting ill last feb i gave up my job to look after him and take him to the hospital untill he was well to do stuff himself again but then in nov he got ill again and i've totaly had to give up my socail life, i borrowed 8k 5k from barcleys and 3k from my dad, I them borrowed 2k from my friend and that was 2 years ago i stll owe my dad the whole 3k and my friend the 2k and 2500 to the bank, but now my friend needs it back and my mum has to have at lest 400 a month for us for the rent and other stuff, I only get carers allowance now and can't even do a part time job. I've been looking into BR but where i live with my mum and dad still and share a bedroom with my brother i don't want to do anthing because i don't want them to take any of the stuff thats not mine, Everything that was mine i've sold to pay off the bills but i can't handle them all anymore. Is there anyone can help on what they can take and what they can't, He doesnt have recipt for anything so they would take everything.

Richard_S

outoftime wrote: »

Hi guys i new here but hope that wont put people off helping as i don't know what else to do, Due to my dad getting ill last feb i gave up my job to look after him and take him to the hospital untill he was well to do stuff himself again but then in nov he got ill again and i've totaly had to give up my socail life, i borrowed 8k 5k from barcleys and 3k from my dad, I them borrowed 2k from my friend and that was 2 years ago i stll owe my dad the whole 3k and my friend the 2k and 2500 to the bank, but now my friend needs it back and my mum has to have at lest 400 a month for us for the rent and other stuff, I only get carers allowance now and can't even do a part time job. I've been looking into BR but where i live with my mum and dad still and share a bedroom with my brother i don't want to do anthing because i don't want them to take any of the stuff thats not mine, Everything that was mine i've sold to pay off the bills but i can't handle them all anymore. Is there anyone can help on what they can take and what they can't, He doesnt have recipt for anything so they would take everything.

Hi oot,

As part of the bankruptcy process you are required to declare all your assets; property, vehicles etc etc. When it comes to household effects they don't have any interest at all unless you've got works of art or over the top electrical goods. Nobody on this site has ever had the O.R look around their house, it would only be something they'd do if they suspected fraud.

If there's anything specifically that you're concerned about then post again.

Best regards

Richard

Toto

I'm sure neither your parents or your friend would want you to declare bankruptcy, as they are the bulk of your debt I do honestly think you need to talk to them honestly. There would be no gain for your family to see you go through bankruptcy, they wouldn't get their money and your credit report would be marked.

So, my advice is to talk honestly with the people to whom you owe money, then call either payplan, cccs, or pop into the CAB to see a debt councillor about a payment plan on the barclays debt. If you are on benefits only then £1 a month token payment is what you are looking at offering, but I think it's best for you to get a little help with that.