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Alex J.
Alex J., Solicitor
Category: Bankruptcy Law
Satisfied Customers: 3840
Experience:  Bankruptcy, liquidations, administrations, pre pack sales, re use of company names and director duties and offences.
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Hello If Im bankrupt can a friend put money into my account

Customer Question

If I'm bankrupt can a friend put money into my account to help out or take us on holiday or buy us a car etc
Submitted: 4 years ago.
Category: Bankruptcy Law
Expert:  Alex J. replied 4 years ago.

Thank you for your question and welcome to Just Answer.

A friend can take you on holiday and loan you the use of a car. They can also help with living expenses.

If they actually gift you property there is a risk it could form part of your estate in bankruptcy. I would make sure you let your trustee know if you are being loaned use of a car for a year for example.

I look forward to hearing from you.

Kind regards