Transfering Before BR

stubie

Be honest...has anyone transfered debt from the OH across to yourselve then gone BR.

Did the OR question it?

Bakeybadoo

How would you even do that? What type of debt? You are only legally responsible for debt that's in your name.

I'm not sure what you are actually talking about?

You cannot pull the wool over an OR's eyes, they deal with this stuff daily and have seen it ALL before. Scams and all. It's not worth it. Not one bit. They look into everything and would see it was transferred and when, if it's even possible to transfer debt.

fermi

stubie wrote: »

Did the OR question it?

I expect they would. And then come down on you hard!

Why even try?

NekoZombie

I'm not sure that you could get away with this - the O.R. would notice something fishy straight away!

stubie

Bakeybadoo wrote: »

I'm not sure what you are actually talking about?

i.e Transfer wifes store account across on one of my remaining credit cards.

I would be looking at trying to reduce the overall out goings by transfering to a lower APR? Surley doing this is common sense.

Bakeybadoo

They will see RIGHT through that. They will see you added to your debt and question it from that angle alone. You are getting into further debt for something that is not essential. Plus it could be seen as favouring your wifes creditors over your own. You'd get into enough hassle if you used remaining credit to pay any of your non-essentials debts off too.

Do not do it. You are creating more trouble than it's worth.

Your wifes debt is not your responsibility, in the eyes of the OR anyway.

gotnomoneynomore

I think you'll find they'll question any large(ish) amounts that you incur on your credit cards, etc while you are classed as "insolvent". If you were solvent and did it then that would be fine but if you are insolvent you're likely to have the transaction reversed and a Bankruptcy Restriction Order in place - probably around the 5 years mark!

Sorry.

fermi

stubie wrote: »

i.e Transfer wifes store account across on one of my remaining credit cards.

I would be looking at trying to reduce the overall out goings by transfering to a lower APR? Surley doing this is common sense.

From: http://www.insolvency.gov.uk/guidanceleaflets/bro/bro.htm

What sort of behaviour could lead the official receiver to apply for a BRO against me?

When deciding whether to make a BRO, the court may take into account your behaviour before and after the date of the bankruptcy order, so the official receiver will be looking closely at all your conduct.

We cannot list all the actions that could be considered dishonest or blameworthy in relation to your affairs, but here are some examples the official receiver could include in his report to court:

* incurring debts that you knew you had no reasonable chance of repaying
* giving away assets or selling them at less than their value
* deliberately paying off some creditors in preference to others
* gambling or making rash speculations or being unreasonably extravagant
* failing to keep or produce records that would explain a loss of money or property
* fraud or fraudulent breach of trust
* causing your debts to increase by neglecting your business affairs
* failing to supply goods or services that have been paid for
* carrying on a business when you knew or ought to have known you could not pay your debts

The more harm your behaviour causes your creditors, in the court's opinion, the longer the BRO is likely to last.

The points in red probably apply here.

NekoZombie

I'm with Bakey. If you're going bankrupt, then saying you were trying to reduce the APRs so took on a load of extra debt just won't wash. I wouldn't try it, if I were you.