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jim_h
Junior Member

United Kingdom
219 Posts

Posted - 15 December 2008 :  15:24:30  Show Profile  Reply with Quote
i went bankrupt in 1991 do i have to declare it it lasted 1 year

JulianDonnelly
Junior Member



United Kingdom
325 Posts

Posted - 15 December 2008 :  15:28:23  Show Profile  Visit JulianDonnelly's Homepage  Reply with Quote
Hi Jim H,

If you have been BR before, you have to declare it on your SOA irrespective of how long ago it was and how long it lasted.

Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk
Don't forget the helpline on 0800 078 9367
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pix1
Average Member

689 Posts

Posted - 15 December 2008 :  17:23:50  Show Profile  Reply with Quote
You need to declare it and they would doubtless peruse the Gazette newspaper to see if you might have gone BR before. The good news is that because it was more than 10 years ago your new bankruptcy should not be affected by the previous one. For example, if you had gone bankrupt within 10 years of the previous time you would face an automatic 5 years before discharge. As it is more than 10 years you would be autmatically discharged in 1 year provided your discharge is not suspended (which would be unusual in all cases). You must declare it, however, as it would likely be held against you by the OR if you didn't. Unless you didn't and convinced the OR you had a big case of amnesia (!).
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