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| T O P I C R E V I E W |
| deeperanddeeper |
Posted - 26 May 2008 : 12:39:56
Hi all, first time of posting and could do with some opinions.
I am 8 months into Bankruptcy and hope to be discharged in the next few months. For fear of compromising myself or anyone giving their opinion i will ask this question theoretically.
Theoretically if i came into some money through a will inheritance before i was discharged and i was not to volunteer this information how would / could the OR find out???? If this inheritance was in the form of stocks and shares and therefore no actual money went through my bank account until after my discharge, again how would / could the OR find out? Do they rely on honesty or do they have access to information on wills etc?
I know by not volunteering this information i would be wrong but if someones last wish was to set you up financially and you was to threaten this wish through your previous stupidity, i can see that some would be reluctant to volunteer the information. As i say all this is theoretically speaking so please be forthcoming with your opinions. |
| 5 L A T E S T R E P L I E S (Newest First) |
| JulianDonnelly |
Posted - 28 May 2008 : 08:21:16
It is unlikely a bank would inform them or even know of the inheritance.
I did, have involvement in a case where a person inherited a large sum of money after Bankruptcy or so he thought.
He received the funds five months after his discharge from Bankruptcy so thought he was ok.
Another family member who received a considerably smaller sum was very unhappy and so contacted the OR to inform them of the inheritance.
Although the funds were not received until five months after the Bankruptcy the family member had died one month prior to discharge.
The inheritance sum is deemed to be yours at the point of death therefore the OR was entitled to all the funds.
The OR does rely solely on your honesty, however they could always be informed by someone else.
Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk |
| m and v |
Posted - 27 May 2008 : 19:52:26
I suppose they could be told by a bank or someone else who found out who knew you were BR..........or by the all seeing eye!!!!
You'd have to keep it under your bed!
Vicki x |
| Viki.W |
Posted - 27 May 2008 : 16:11:12
From what I can gather, deeperanddeeper, they have some sort of ALL SEEING EYE!!!!!
Seriously, I'm sure Melanie or another of the experts will be able to answer that for you. Viki X |
| deeperanddeeper |
Posted - 27 May 2008 : 16:08:41
Melanie,
But HOW could the OR find out? |
| melanie_giles |
Posted - 26 May 2008 : 12:43:08
Hi there and welcome to the forum
Yes - they do rely upon complete honesty from people who are bankrupt, and in reality they would probably not find out. But you would know that you had been dishonest and that is therefore a matter for your own conscience.
If they were to find out, the bankruptcy could be re-opened and the asset traced, and you would then face a hefty BRU/BRO with a possible prosecution.
For an informal chat about any financial difficulties, or advice as to the options available, I can be contacted via my website - www.melaniegiles.com |
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