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I owe my son some money


Damosel
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did you have a formal agreement as to how and when this loan would be paid back? If not then the loan doesnt exist. Dont mention it and likewise your son shouldnt either. You will only end up paying someone elses expenses, not repay your son and he will be assessed as having that asset..

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No - it was an informal agreement, but have always intended to repay him. It has already come up on bank statements.

Can you explain the paying someone else's expenses bit please. This is all very new to me. Thanks

There is no possibility I could find that amount for quite a while anyway. Could get difficult?

Edited by Damosel
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Dont repay him, the money will only go to his creditors and he wont see a penny and the creditors may come chasing after you to boot.

Basically the debt does not exist to stop thinking about it. If your sone gets out of trouble financially then consider repaying him then.

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