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Few questions regarding bankruptcy

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Comments

  • debtinfo
    debtinfo Posts: 7,012 Forumite
    Hi Roses, the OR has two jobs,
    1 is to work out your assets and liabilities, if possible to realise assets and the to make a distribution to your creditors. this job is sometimes given to an external Inslvency Practitioner.

    2 is to investigate your conduct prior to the bankruptcy they will decide if you are eligable for an earlier discharge or if further restrictions should be placed against you
    Hi, im Debtinfo, i am an ex insolvency examiner and over the years have personally dealt with thousands of bankruptcy cases.
    Please note that any views i put forth are not those of my former employer The Insolvency Service and do not constitute professional advice, you should always seek professional advice before entering insolvency proceedings.
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