| T O P I C R E V I E W |
| concerned |
Posted - 02 July 2009 : 13:32:53
Pease can anyone help me.
How far back will the OR check/investigate/look in to your financial history when you declare bankruptcy? I assume but not sure that how thorough they would research financial history & look at history/statements etc would depend on the extent of your debt when declaring bankrupt?
My concern is that as I do not have any assets, but only genuine debt built up over years due to using credit to supplement an income.
If this is the case what kind of figure (£) would seem reasonable & does not raise suspicions that one has brought it upon themselves for ones own benefit?
Thank You |
| 5 L A T E S T R E P L I E S (Newest First) |
| gettingoutofdebt |
Posted - 03 July 2009 : 18:52:37
quote:
Originally posted by concerned
If this is the case what kind of figure (£) would seem reasonable & does not raise suspicions that one has brought it upon themselves for ones own benefit?
Thank You
What are you asking here? Are you asking for recommendations about how much debt you should say you have and how you got into debt?
The worst thing you can do is lie to the OR. They will have access to all of your bank statements, credit history, tax records, etc. and if things seem suspicious (i.e. you have told them one thing but they find another) then they will dig deeper into your credit history and into your past.
No matter how much you owe and whatever you have done in getting this credit it is not something that the OR hasn't heard before.
If you do lie to the OR and things don't add up then you will probably need more than one interview so the OR can try to sort things out and may even have a face-to-face interview. The automatic discharge can also be suspended for a few months while the OR completes their investigations/report. You will also likely end up with a BRU - http://www.insolvency.gov.uk/pdfs/guidanceleafletspdf/bro.pdf and |
| Sparkle83 |
Posted - 02 July 2009 : 23:00:35
I was supposed to give 12 months of statements for each accts, but lost loads, so I had three accts with 8, 7 and 5 statments sent. Nothing more has been said
Weeks of BR
****5****10****15****20****25*
***30****35****40****45****50** |
| joella68 |
Posted - 02 July 2009 : 20:08:19
my OR never asked for bank statements at all
moving forward to new beginnings
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| xmas baby |
Posted - 02 July 2009 : 15:44:56
I think its normal for them to ask for the past 12 months of bank statements, although my OR only asked for last 6 months of statements. I suppose its up to the OR and how complicated your bankruptcy is (ie: if you have lots of assets or a business, etc).
xmas baby |
| gettingoutofdebt |
Posted - 02 July 2009 : 14:44:57
Don't worry about the statements as the OR can get these from the creditors. They will normally ask for statements from the last 12 months but can go back as far as they want. |
