We don’t think there is any threat as the payment you are making could just as easily be rent. However, in the Statement of Affairs you are supposed to declare any interest you have in other people’s properties and only your conscience can decide how you get around that one.
Bankruptcy UK offers bankruptcy help across the board and will submit your application online. Court appearances for bankruptcy are no longer required. Feel free to call us on 01425 600129 for a chat about your circumstances.