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 Am I under a duty to mention a property abroad ?
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BangingMyHead
Starting Member



United Kingdom
1 Posts

Posted - 05 July 2011 :  06:33:21  Show Profile  Reply with Quote
What happens to property abroad? Am I under a duty to mention this even if it is not in the UK. Will I get into trouble?

Niobe
Administrator



United Kingdom
4590 Posts

Posted - 05 July 2011 :  06:36:04  Show Profile  Reply with Quote
I believe you have to mention everything as it is an asset that own, regardless of where in the world it is situated.

The OR will be able to find out.

Follow through
Make your dreams come true
Don't give up the fight
You will be alright
'Cause there's no one like you in the universe



Jan
xxx
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debtinfo
forum expert



2826 Posts

Posted - 05 July 2011 :  14:05:03  Show Profile  Reply with Quote
Yes you must declare all assets even if they are on the planet Zargon
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Bigal4787
forum expert



United Kingdom
641 Posts

Posted - 05 July 2011 :  15:53:52  Show Profile  Reply with Quote
Hi,
if you don't mention it, then it's a certainty that one of your creditors, or someone associated with them will inform the OR of the property. I regularly got information like that regarding assets that people were trying to conceal from the OR/trustee.

Big Al
Insolvency examiner with the Insolvency service from April 2008 - July 2010.

If you need help completing SOA's(statement of affairs) or PIQ's(preliminary information questionnaire) if you've been declared bankrupt, or anything else and you're within 30 miles or so of Warrington, then please contact me via my contact details in the expert page for futher details"
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