Questions you have before making a decision to go Bankrupt and the Bankruptcy process

Moderators: TalbotWoods, JaneClack

By El Skinto
#4927 Hi Folks.


My Fiancée is contemplating about going bankrupt, but she's worried about losing the Baby Bond she's been paying for the last four years, in the bankruptcy.

Would she be safe, or would the OR want this money?.

Thank you,


Ian
ByDavidc
#4929
El Skinto wrote:Hi Folks.


My Fiancée is contemplating about going bankrupt, but she's worried about losing the Baby Bond she's been paying for the last four years, in the bankruptcy.

Would she be safe, or would the OR want this money?.

Thank you,


Ian


I know this one as I have one running for my grandson.......as you have no interest in the value of this fund it is of no interest to the OR....however future payments are not allowable expences and must come from your own resourses.
David
By El Skinto
#4932 Hi Davidc.


Thanks very much for that information my friend. :lol:

All the best,

Cheers,


Ian