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 I thought bankruptcy lasted 3 years and not a lifetime.
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Geoffrey.p
Starting Member



1 Posts

Posted - 11 December 2014 :  09:50:23  Show Profile  Visit Geoffrey.p's Homepage  Reply with Quote
I was made bankrupt in 1993, under new bankruptcy rules, in 2004/05 my then wife and I were made to sell our property and my share was taken to pay my creditors. This year due to new pension reform I applied to
take a sum of approx. £4000 from a scheme which I paid into from 1986 to 1990 it now appears that my trustee wants this as well.
I thought bankruptcy lasted 3 years not a lifetime. Is it right that even though I have paid my creditors through the sell of my house, they can still take my £4000.

Viki.W
forum expert



United Kingdom
2211 Posts

Posted - 11 December 2014 :  09:56:05  Show Profile  Reply with Quote
Hi and welcome to the forum,

Did the sale of the house actually clear all debts, fees etc?

Because of when you went bankrupt, your pension is at risk,but you really need to find out more from the official receiver

Viki Warbrooke
Vincent Bond & Co
If you would like free advice on all options available and help with your bankruptcy petition please contact me at http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
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Viki.W
forum expert



United Kingdom
2211 Posts

Posted - 11 December 2014 :  09:56:58  Show Profile  Reply with Quote
Sorry hadn't finished typing!

You really need to find out more from OR if you think you have paid your debt.

Viki Warbrooke
Vincent Bond & Co
If you would like free advice on all options available and help with your bankruptcy petition please contact me at http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
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