How far do they generally go back when you are made bankrupt. Do they go back from when you first took out all your credit or is it for the last 2 years. I thought that they only went bakck 2 years but asked for 1 years bank statements etc. If they were to give you a bru or bro would it go in your favour if you have tried a dmp for a good period would this not demonstrate that you are tyring to take responsibilty for what you have done and would they take this into consideration when deciding upon wether to give you a bru or bro and for how long.
Initial enquiries usually only cover the 12 months leading up to the bankruptcy. If makes any alarms go off they will investigate further.
A dmp would just give them a starting point as that would be when you recognised a problem with your debt or became insolvent. It wouldn't be taken into consideration as a point in your favour unfortunatly.
Am I right in thinking that they would go back approximately 12months before you started your dmp and if you have been on a dmp for 2 years would they then look back 2 years before you started on your dmp. Sorry for all the questions. I hoping to try for an iva next year when my circumstances hopefully change for the better. If this is not applicable my dmp is due to last between 6 - 7 years which I beleive is an acceptable time for creditors. I do not want to go down the bankrupcy route so I am hoping that if i can;t get on an iva that I will remain on a dmp and hopefuly pay my debts back before any of the creditors bankrupt me if not I will just have too deal with it if it happens but the above questions will hopefully help me put my mind at rest inbetween.
how far to do they investigate you in bankrupcy
Posted - 01 August 2008 : 13:32:21
