going bankrupt but own caravan?

get_me_out

Trying to help a friend, owns a caravan on a small camp site, personal use not rented out. Always pays ground rents, gas elec etc in cash. Although the site does have an account for them.

Would the OR be able to trace this??

man_of_faith

Be vary careful as it is a good thing to have if they take your home. I had a friend in a similar situation. He lost everything and ended up living in it in a layby until he got arrrested over a different matter.
I would sell it to a mate, but you may find that is not legalfor a fiver. Then borrow it if needed.
Another thing bhe did was to change his name and get another identity.
Remember dont tell people you dony trust as they might grass you up

get_me_out

Cheers it's on a busy camp and is a static caravan, they dont own their house so that not an issue. I'm just concerned that it could be traced some how, if it was me I would own up to having it. Never held anything back from my OR who was really nice.

debtinfo

He should always be truthfull on his bankruptcy forms, as it is a court process and therefore he could end up in contempt of court.

dojoman

Tell him to be 100% honest with the OR, if they try and hide/dispose of any assets they will find out and he will be in serious trouble. Don`t listen to anyone advocating breaking the law, it is just not worth it.