Post-discharge

Tr@cker

How long after bankruptcy can they come after you for money ? A mate of mine who i haven't seen for a while suddenly came into a hefty sum of of cash-i think about two years after the original judgement. Last time i spoke to him he said he'd started spending and investing it but can they take any of it from him ?
His debt at the time was 52k and he paid i think £150 a month to the OR.
I dont know how it works but some of you guys will know ive got a feeling he's gonna end up in the pooh!

peachyprice

If he's still paying his IPA of £150 per month into the IPA he has to tell them about the money

skylight

No - they cannot come after you for money that you were not expecting at the time of BR.

Now. If your friend told the OR about an inheritance or the money has come from the sale of a home that the OR has an interest in, then that is obviously a different story.

If a relative has passed away unexpectedly after he is discharged its his. Or a lottery win after discharge. Anything after discharge that the OR has not stated they have an interest in. And I have repeated myself!!


Now, if he is still paying an IPA of that £150 a month, then he is still legally obliged to tell the OR of any change in income. A lump sum may not necessarily be construed as income, but any interest generated from that lump sum is income same as for tax purposes. IYSWIM. He should mention it to his OR and discuss with them to keep himself in the clear.

MrOrchard

It's a fresh start after discharge, however I'm mainly posting because the thread title sounds kinky, if you squint at it a bit.