must not obtain credit of £500 or more

monkey74

I am now bankrupt and everything has worked out well so far.
In the info it states clearly that "I must not obtain credit of £500 or more"
As far as I understand, credit is something that you have to repay. A grant is therefore not credit. I want to apply for a grant for my work, which I would not need to repay, therefore I do not need to inform them (the people to whom I am apply for the grant from) of my bankruptcy. Is this true?

maxmycardagain

if its a goverment body then let em decide themselves, they probably wont check or ask if youve ever been BR

monkey74

No, I would be applying for grants from independant organisations

debt_doctor

25.6 Obtaining credit whilst undischarged from bankruptcy
If a person subject to a bankruptcy order wishes to obtain credit to the extent of the prescribed amount or more, either alone or jointly with another person, he/she must disclose the fact of his/her bankruptcy (or that his/her estate has been sequestrated in Scotland) to the person from whom he/she seeks to obtain credit URL="http://www.insolvency.gov.uk/freedomofinformation/technical/TechnicalManual/Ch25-36/Chapter25/part1/Part%201%20notes.htm#1"][U][COLOR=#0000ff]Note 1[/COLOR][/U][/URL.The prescribed limit is currently £500 and failure to disclose the fact of his/her bankruptcy will render the bankrupt guilty of an offence. The official receiver should note that, although credit might have been incurred contrary to the law, it is still a valid post-bankruptcy debt for which the bankrupt remains liable.
The £500 limit is a single transaction with one lender, but once the bankrupt has reached or exceeded that £500 limit with one lender and “triggered” the offence, then any other amounts borrowed (i.e. the total debt accumulated by the bankrupt) would need to be taken in to account. For example, if the undischarged bankrupt never borrowed more than £499 from the same lender, he/she would not trigger the offence, but as soon as the credit obtained from one lender reaches £500 or greater (which may comprise accumulated unpaid smaller amounts from the same lender), then all other credit transactions obtained from any lender by the undischarged bankrupt, would be taken in to account in any action taken against the bankrupt, even if in themselves, these other amounts are less than £500.
Obtaining credit is specifically stated to include cases when goods are bailed under hire-purchase agreements and conditional sale agreements and also to include payment made to the bankrupt in advance for the supply of goods or services URL="http://www.insolvency.gov.uk/freedomofinformation/technical/TechnicalManual/Ch25-36/Chapter25/part1/Part%201%20notes.htm#2"][U][COLOR=#810081]Note 2[/COLOR][/U][/URL.

Dont see any problem with a grant.

DD