Reference no: EM132349862

What advice would you give him in terms of each of the following questions which he asks you? (a) 'Times have been very hard for me lately. I owe so many people so much money. I could probably pay my creditors, say, half of what I owe them but no more. Is there a way of doing this, given that I understand that a builder to whom I owe £1,000 appears to have gone to court to make me bankrupt?' (b) 'Anyway, I have tried to make my family safe. Last week I gave my wife the family home and on the same day sold her two terraced houses in Barchester worth £40,000 for £500. Yesterday I also paid my brother off. I owed him £1,000 from when I started up so he should have it. My creditors can't upset these deals, I take it.' (c) 'I have not paid John, my driver, for a month and I doubt whether I can now. I wish I could have helped him but I guess he will have to go down with all the other creditors. that's the position isnt't it? (d) of course even if they make me bankrupt I shall rent another shop and go on trading. Nothing can be done about that, can it?