I lent my brother £2000.
He got out a loan specifically to repay his debts, and he paid me back.
5 months later he went bankrupt.
one year later I recieved a letter saying that I must pay back the £2000 to the banckrupcy reciever as by paying me back within 6 months prior of going banckrupt it showed a preference payment and that the £2000 must be given back to the loan company.
I have 7 days to pay it back or they start court proceedings.
1. I don’t see how a loan company can lend someone money on the understanding it is to get rid of someones debts and then I who have nothing to do with the loan have to pay it back.
2.If they are legally entitled to my money, is there not a time limit between how long the banckrupcy people have to request the money back from me. As it is taken them a year to ak for the money back and i no longer have it.