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 I am intending to go down the bank route
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Aries1
Starting Member



United Kingdom
5 Posts

Posted - 15 April 2009 :  23:04:07  Show Profile  Reply with Quote
Hi Guy's, I am intending to go down the bankruptcy route shortly. I recently sold a vehicle for 3 grand cash to pay for certain things which were necessary from my 9 months of none business activity.
As if going bankrupt isnt enough to hassle the stress threads, will I be in further trouble for spending the money?

I'm new to this group, and feel quite sad at the number of people not only in the same boat, yet happy to see such support, and unity at the same time.

Many thanks

Aries1

Reviva UK
Advanced Member

United Kingdom
2452 Posts

Posted - 15 April 2009 :  23:18:57  Show Profile  Reply with Quote
Hi

you will need to identify the car on the Br forms and declare what you sold the car for.

You will no doubt be asked what you spent the money on and over what period so it is wise to start to work on the list / time line now

Paul Johns
Assisted Bankruptcy Specialists
Reviva UK
http://www.revivauk.com

Real People ..... Real Debt Solutions
www.revivauk.com
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Aries1
Starting Member



United Kingdom
5 Posts

Posted - 16 April 2009 :  02:48:30  Show Profile  Reply with Quote
Thanks Paul & John. Your info has given me has given me the insight I needed in this regard, and now understand the route to take.

Happier than I was

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