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  • FIRST POST
    • Martin*
    • By Martin* 7th Nov 17, 12:00 PM
    • 2Posts
    • 0Thanks
    Martin*
    Who can check a Bankruptcy
    • #1
    • 7th Nov 17, 12:00 PM
    Who can check a Bankruptcy 7th Nov 17 at 12:00 PM
    I declared myself Bankrupt in July 2010 and was discharged 12 months later.
    The bankruptcy was cleared from my credit history after the usual six year period.
    When applying for mortgage, one application ask me whether I have EVER been bankrupt.
    Can they check? If so where?
    As far as I'm concerned, that's history. Do I have to declare it?

    Any advice welcome.
    Thanks
    Martin
    Essex
Page 1
    • BoGoF
    • By BoGoF 7th Nov 17, 12:14 PM
    • 2,544 Posts
    • 1,776 Thanks
    BoGoF
    • #2
    • 7th Nov 17, 12:14 PM
    • #2
    • 7th Nov 17, 12:14 PM
    If the question asks it of course you have to answer it truthfully, otherwise it's called fraud.
    • StopIt
    • By StopIt 7th Nov 17, 12:15 PM
    • 1,371 Posts
    • 1,167 Thanks
    StopIt
    • #3
    • 7th Nov 17, 12:15 PM
    • #3
    • 7th Nov 17, 12:15 PM
    Yes you do have to.


    The records are published in the London Gazette, and there's nothing from stopping banks etc from saving copies periodically to see who has went BR.


    It'll be history to them too, but if you lie, and they find out, not only will you lose the mortgage, they'll hammer you for fraud also.


    The penalty for honesty here are far less than the potential if you lie.
    • Grumpelstiltskin
    • By Grumpelstiltskin 7th Nov 17, 12:26 PM
    • 2,174 Posts
    • 2,216 Thanks
    Grumpelstiltskin
    • #4
    • 7th Nov 17, 12:26 PM
    • #4
    • 7th Nov 17, 12:26 PM
    It's simple for anyone to check and the records go back hundreds of years.

    https://www.thegazette.co.uk/
    • Richey_
    • By Richey_ 7th Nov 17, 1:46 PM
    • 262 Posts
    • 300 Thanks
    Richey_
    • #5
    • 7th Nov 17, 1:46 PM
    • #5
    • 7th Nov 17, 1:46 PM
    You stated “one application” how many are you making?
    You may need to either study banks lending policies or consider a broker. Don’t just keep applying, each application can affect a future application if you make too many.
    You are not a “text book” case and many banks for example Santander will always decline anybody who has ever been bankrupt. You need to be very careful where you place your applications and may need help with this.
    • maxmycardagain
    • By maxmycardagain 8th Nov 17, 11:51 AM
    • 4,410 Posts
    • 3,677 Thanks
    maxmycardagain
    • #6
    • 8th Nov 17, 11:51 AM
    • #6
    • 8th Nov 17, 11:51 AM
    It's simple for anyone to check and the records go back hundreds of years.

    https://www.thegazette.co.uk/
    Originally posted by Grumpelstiltskin

    Its for life

    Nice for your descendants, family, kids, partners....


    Branding with a hot iron wouldnt last beyond the grave but the LG entry does

    Why?

    Because by going BR you threaten the very foundations of society even though some very prominent people have done it (personally) and many others have dodge that by using Ltd companies as a shield
    Instead of picking fault, pick up a life........ you might like it
    • maxmycardagain
    • By maxmycardagain 8th Nov 17, 11:53 AM
    • 4,410 Posts
    • 3,677 Thanks
    maxmycardagain
    • #7
    • 8th Nov 17, 11:53 AM
    • #7
    • 8th Nov 17, 11:53 AM
    http://www.mirror.co.uk/3am/celebrity-news/bankrupt-celebrities-lady-gaga-admits-3248808
    Instead of picking fault, pick up a life........ you might like it
    • Potbellypig
    • By Potbellypig 8th Nov 17, 12:25 PM
    • 149 Posts
    • 68 Thanks
    Potbellypig
    • #8
    • 8th Nov 17, 12:25 PM
    • #8
    • 8th Nov 17, 12:25 PM
    I declared myself Bankrupt in July 2010 and was discharged 12 months later.
    The bankruptcy was cleared from my credit history after the usual six year period.
    When applying for mortgage, one application ask me whether I have EVER been bankrupt.
    Can they check? If so where?
    As far as I'm concerned, that's history. Do I have to declare it?

    Any advice welcome.
    Thanks
    Martin
    Essex
    Originally posted by Martin*
    Like what's been said, Martin.

    The best case: No-one checks, your mortgage goes through fine and you live a happy life.
    The worst case: You lie, they check, they do you for fraud, you won't even get a cup of tea on finance again.

    Your choice, of course...
    • amstel2
    • By amstel2 8th Nov 17, 1:31 PM
    • 242 Posts
    • 34 Thanks
    amstel2
    • #9
    • 8th Nov 17, 1:31 PM
    • #9
    • 8th Nov 17, 1:31 PM
    It's simple for anyone to check and the records go back hundreds of years.

    https://www.thegazette.co.uk/
    Originally posted by Grumpelstiltskin
    Ah the O/Rs dirty little secret they don't tell you about at the interview or when filing the forms. Nice to see they earn their rip-off fees
    • cjmillsnun
    • By cjmillsnun 8th Nov 17, 9:20 PM
    • 291 Posts
    • 199 Thanks
    cjmillsnun
    Dirty little secret? You've always had to pay for the advert in the Gazette.
    • Martin*
    • By Martin* 10th Nov 17, 8:27 AM
    • 2 Posts
    • 0 Thanks
    Martin*
    Thank you to everyone who took the time to contribute.
    I completed three applications with major lenders. I was honest with the lender in question and they returned with a very expensive mortgage. The other two lenders looked at my credit file and came back with very reasonable offers.
    I've looked at the Gazette and can't find an entry.
    Thanks everone
    Martin
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