bankruptcy and inheritance

worriedwoman_2

hi
My OH was made bankrupt in September 2012 and this year was given a BRU for three years. I have looked on the insolvency register which says that he was discharged in September this year.
His parents want to put him on their will, so that if they die he and his sister will share everything they have.
As he has been discharged would he be able to inherit his parent's assets?
Does it make a difference that he has a BRU?
Any help greatly appreciated.

National_Debtline

Hi

Assets inherited or acquired after discharge do not form part of a bankruptcy estate.

The BRU is normally there simply to extend the length of time that bankruptcy restrictions apply for. These restrictions include:

- an obligation to declare the bankruptcy if seeking credit of over £500;

- being unable to act as a company director without court permission

- being barred from acting as a local councillor or MP.

More information on BRUs is available here:

http://www.bis.gov.uk/insolvency/personal-insolvency/bros-and-brus

Unless there are other specific conditions attached to the BRU (which is unlikely) I see no issues with the scenario that you describe above.

Regards

Dennis @NDL