Please Scrutinise my SOA

michael1983l

Bedsit_Bob wrote: »

It's the second part (the "not dropping my parents in the !!!!" part) that is the hard bit.

As the debt isn't "official" between yourself and your parents, I'm pretty sure you won't be able to include it in the BR (otherwise people who were going BR, could simply include all their family's, relative's, friend's and work mate's debts), so your parents will have to continue paying what is, legally, their loan.

The only way (at least the only legal way) of continuing to pay toward your parent's loan, would be to pay off your debts in the usual, monthly way.

Ok I see what you are saying there, but obviously my income would not cover that amount so doesn't really become an option. So I guess the only option appears to be to not open the door and try and ignore the situation until the parents are paid and then face up to the rest afterwards.

[Deleted User]

The question is, can you hold out against your creditors, for another 2 years?

michael1983l

Bedsit_Bob wrote: »

The question is, can you hold out against your creditors, for another 2 years?

Probably not but I don't appear to have any other option than to try and find out.