6 Years

mrtaximan

Hi.On 17/1/2011 i will have completed the 6 years needed so my B/R will hopefully be history.I have one question, on a lot of application forms there is a question asking have you ever been B/R.Do i have to declare this as it will be over 6 years old and will not be on my CRF.

Regards Mark.:j

tigerfeet2006

If the question is "Have you EVER been BR" then you have to answer yes I am afraid.

mrtaximan

If i reply yes can they still use it against me to stop me getting back to a normal life again.I understood that after 6 years that was it.

Mark:mad:

mjm3346

Yes, they can.



Have a skim (or read if you have the time), this thread

https://forums.moneysavingexpert.com/discussion/1854585

NewStart09

Well I am afraid the only clean slate you get after BR is it drops off your
Credit file after 6 years

Every other form that asks the question "ever been” you
Still have to say yes I am afraid

I feel the UK discriminates against BR as most other countries
Give you a clean slate after 10 years similar to criminals
Where you never have to declare it

In this economic climate of uncertainty it is diabolical that
People are branded for life and beyond

Good luck to you in the future

NewStart09

mrtaximan

If it is not on my CRF files can anyone find out.Seems the best option will be just to forget to declare it.

Mark:mad:

confused76

i'm sorry but i think bankruptcies stay on the London Gazette records forever... whether companies search this or not i don't know, but don't take the risk, declare it.

now

mrtaximan wrote: »

If it is not on my CRF files can anyone find out.Seems the best option will be just to forget to declare it.

Mark:mad:

Yes they can from the London Gazette

MicheH

I've read before that although the details are removed from the insolvency searchable register online a short while after discharge our details are forever held within the IS and certain companies can request this information I believe.

You accidentially forget to declare it then you're bound to be found out.

BB&B

I don't normally post on this type of discussion, but this time it has raised a couple of points that I feel are worth making.

tis all done and dusted after 6 years.

Not true, high value lenders such as mortgage brokers, etc have assess to the bankruptcy register, and AUTOMATICALLY check to see if you are a past bankrupt.

There are a few reasons for this, but the main two are:

To see if you are being honest about all your past financial dealings

To assess the risk of them loosing a huge amount of money again (risk management)

It may be worth noting though that for the majority of lending, credit, service utilities, etc., the 'Have you EVER' question doesn't get asked.

Once the 6 years is up no one can find out!

Sorry but they can, as bankruptcy is a public matter, this information is held on the datasets at the London Gazette and more importantly it is very available on the Insolvency Services Bankruptcy Database in Birmingham, which all licensed creditors (mortgage lenders, solicitors, police, etc) have access to. You are on those two datasets permanently!!

And before anyone starts screaming Civil Liberties, all this has been approved in law and under human rights!!!

At least we don't have the US system, where it remains on a public access database for ever (which means even YOU can see a bankrupts record)

It like we are being treated like criminals

Yes and No

One could look at this a bit like the CRB checks everyone goes on about.

For basic work stuff a CRB isnt required (Which equates to about 80% of all work)

For some sensitive work a Standard CRB is required which DOES NOT show spent convictions (which equates to about 12% of all work)

For very sensitive work an Enhanced CRB is required, and that means you have to declare spent convictions!! (which equates to about 8% of all work)

The higher the risk to the lender in lending the more they need to know about someone, and that does include all past financial dealings.

Also there are a small percentage of people who are not financially responsible (in fact some are quite deliberate in being not responsible) which is why sometime this question HAS TO BE ASKED, to protect normal people from suffering to much poor lending!!

We are treated differently in the UK

Well I do have to agree with that 100%.

In the UK we currently have some of the most lenient bankruptcy laws in the world and this also applies to the dealing with former bankrupts.

For example in certain European countries once you are declared bankrupt you have to declare this for the rest of your life, even if applying of utilities, thankfully that DOES NOT apply in the UK.

OK Nuff said Rant over!

Tim

confuzzled7

As far as I'm aware it's hardly a question that appears on 'a lot of application forms'. Yes, I know it's a question that will come up if I choose to apply for a mortgage or a substantial loan but I can't think of too many other instances. It's not something I've come across on job applications, for example, (apart from in some, specific, industries), nor does it appear on Enhanced CRB checks. Many people who've been bankrupt won't be keen to be applying for credit ad-lib anyway.