dad going bankrupt

swarby_2

spoke to my dad earlier and he is talking about becoming bankrupt after struggling with debts for years, he is hoping that the council will make him bankrupt and get it over and done with, i suggested that if they wouldn't do it then i will give him the money (which he doesn't have) to declare himself, now, i am a bit worried that if i give him the money i could end up getting dragged into the whole thing in the sense that i can help him out financially if you see what i mean, i don't have the money to pay his debts of as i have just bought my first house,

just wondered if anyone could clear it up for me...... if i have explained myself properly!!!

thanks in advance

debt_doctor

Hi, dont worry you wont get dragged in to anything ! Your dad needs to takesome advice from one of the debt charities, and post on here if he wants - he ll get lots of help on this board

Best

DD

philnicandamy

swarby wrote: »

spoke to my dad earlier and he is talking about becoming bankrupt after struggling with debts for years, he is hoping that the council will make him bankrupt and get it over and done with, i suggested that if they wouldn't do it then i will give him the money (which he doesn't have) to declare himself, now, i am a bit worried that if i give him the money i could end up getting dragged into the whole thing in the sense that i can help him out financially if you see what i mean, i don't have the money to pay his debts of as i have just bought my first house,

just wondered if anyone could clear it up for me...... if i have explained myself properly!!!

thanks in advance

do as DD sugests contact any of the FREE helplines in my sig below, then & only then IF bankruptcy is the best course of action the good people on here will try & give you the best non judgemental help they can

Phil

betterlatethannever

Hi Swarby.
Some good advice from DD and Phil.
I'm guessing that as he is hoping the council will make him BR that he has outstanding council tax debts? (i may be wrong though) If so, he coud end up with a prison sentance. Its unlikely the council will make him BR as it costs them over £1700 ( i think)? to make someone BR, where as a prison sentance costs them a lot less!
If he's on a low income or certain benefits he could get a reduction in Br fee's, and will only have to pay the OR's costs, not the court fee.
Don't let him sit around and stew on this. Get advice and get it soon.
Good luck in helping your father out.

nomoneyprobs

Hi, When I went Br my folks helped me out with the fee's and or deposit.

the court fee is £150 and the deposit for the or is £335.

The or will ask where your father got the money from, he just has to say that you gave him the money as a gift, it's a perfectly acceptable reason and one the or hears on a weekly basis.

Hope that helps and good luck with the future for you and your dad

Ian