Bankrupt for life - advice needed - please read!

paulc19

Hi. Sorry to hear about your circumstances...mus be awful, just going through the process myself.

Would it not be easier just to tell your parents? when i first told my parents of my intentions they were horrified but now they understand it is the best option and will represent a new start for me and my family.

It's not the end of the world, you haven't committed a crime, i'm not you but just think it may be the only option.

maxmycardagain

buddy21 wrote: »

Hi! Someone send me a private post but I was unable to open it. Please could you try again. Thanks

someone sent me one, same result, is the PM thing not working?

tigerfeet2006

Max, I am just going to send you a PM, can you send me one and we will see what happens.

eklynne

This thread is confusing me. Why does the OR need to know your parents details? I have no intention of telling my parents either. Is this a problem?

buddy21_2

Many thanks for all your replies and messages of support - it really helped. Am feeling more angry now the shock has worn off a bit and am gonna get some legal advice - will let you know how I get on. Thanks again xx

fiveyearplan

Because he sold his car and gave them the profits.

eklynne

Oh I see. Sorry, having a hazy morning....

Merry_Gentry

Buddy21, just wanted to add my support. I have no idea what I would do in your situation :grouphug:

fermi

fiveyearplan wrote: »

Because he sold his car and gave them the profits.

Yep. And the OR/trustee can look back up to 5 years for this type of thing.

And with an associate or family member then......

A person is an associate of an individual if that person is the individual’s husband or wife, or a relative, or the husband or wife of a relative, or the individual or the individual’s husband or wife. Where an individual has entered into an undervalue transaction with an associate, it is presumed that the individual was insolvent at the time (see paragraph 31.4.2). It is presumed that the person did not act in good faith.

It is up to the bankrupt to prove otherwise.

eklynne

The law presumes so much, moreso in the case of anything to do with money. Guilty until proven innocent appears to be the given line when you're dealing with your own money in this country. Makes me sick. As stated in another thread, the Bulger murderers received anonimity and eventual liberty, bankrupts get treated like the proverbial s**t and in this case, may pay for their actions for life. It's disgusting.



Morning rant over.........