Bank Acounts

RobSh

How far back would they OR need to see with my statements?
And do they go into every transaction ?

ie why did i buy that etc etc

regrds

Rob

jo70

Hi Rob. OH and I are going BK next week and that's anotherquestion i'd like to know. When we did pay bills, the counterpart you are advised to keep i always threw them away just thinking it's more junk gathering-same with bank statements.
Apparently the OR will be able to get any statements he needs.
Sorry I can't help you anymore-more knowledgable folks will be along soon.
All the best
J

betterlatethannever

The Or can go back 5 years, but 2 seems to be the norm.

I don't know that they would have the time (or energy) to check every transaction, but i guess they'd glance at any large or unusal amounts, also the transactions from the date they would consider you were insolvent - to check that you hadn't deliberately run up huge debts knowing you couldn't pay them back.

RobSh

Thanks to all that replied -and very quickly-thanks..

Another question i intend to go BR but not my wife (as the debts are in my name) , my wife is a director of a limited company, i know i cannot be a director when BR but can my wife still be a director?
And can i be an employee of the company ?

deedee_3

Yes she can still be a director as your bankruptcy is nothing to do with her and yes you can be an employee.

So_Sad_Angel

RobSh wrote: »

Thanks to all that replied -and very quickly-thanks..

Another question i intend to go BR but not my wife (as the debts are in my name) , my wife is a director of a limited company, i know i cannot be a director when BR but can my wife still be a director?
And can i be an employee of the company ?

Hi Rob,

Firstly welcome to the board. Please make sure that you have spoken to the debt charities before you decide on BR (see top of forum page)...you will need to confirm this if the judge asks.

If you go BR then any joint debt such as mortgage , secured loan will pass to your wife. I know that you say the debts are yours but just in case you have a joint mtge etc.

Anyway...yes your wife will not be affected as a company director as she will not be bankrupt. You however cannot be Director (or Company Secretary...someone may correct me there if I`m wrong) but can be an employee.

In terms of how long the OR will look back...it is up to 5 years but much will depend on the circumstances of the BR. The OR will need to look to find out possible reasons why insolvency occurred.

Angiexx

padiman

just to let you know I had my interview in May with the OR at Blackpool Insolvency Service , and unless he had obtained them direct from the Bank he made no references or questions to any Bank Account information.

However he did see I had 2 accounts and withdrew 1 of them and said he had no issue with me having 1 bank account for the purpose of having wages paid in.