How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Ash Your Own Question
Ash, Solicitor
Category: Law
Satisfied Customers: 10916
Experience:  Solicitor with 5+ years experience
Type Your Law Question Here...
Ash is online now

I lent my sister in law some money, which she repaid me in

This answer was rated:

I lent my sister in law some money, which she repaid me in November. She was declared bankrupt in December. The time line is 21st October Bankruptcy Petition applied for, Nov 3rd sister in law paid me 13th Dec Petition Granted and Practitioners appointed. The practitioner is now asking me for the money and quotes section 284(1) of the insolvency act 1986. I was not aware that she was in financial difficulty till December. Where do I stand. Do I need to pay the Insolvency Practitioner?
Hello my name is ***** ***** I will help you with this.How much was it please?Alex
Ash and other Law Specialists are ready to help you
Customer: replied 2 years ago.
The amount was £25,000. I lent her £30,000 in 2012, and she repaid £5,000 in 2012. The understanding was it was to be a short term loan, but it has dragged on a bit. She runs a pub, and the business has failed.
Do you have a number we can chat on?Alex
Customer: replied 2 years ago.
07909 985145
I will call shortly.Alex