Discharge indefinitely delayed

fermi

I suspect due to the address issues that the bankruptcy was never linked in to her credit files or flagged up to lenders. Combined with the fact that she assumed it was over.

Searches are never perfect, and sometimes if there is a discrepancy in certain info it can prevent past records showing. Likewise, even the update of a small tidbit of info can re-link things years later making it all show and opening the can of worms.

Watchful

fermi wrote: »

Searches are never perfect, and sometimes if there is a discrepancy in certain info it can prevent past records showing. Likewise, even the update of a small tidbit of info can re-link things years later making it all show and opening the can of worms.

I think this is probably it, and a lack of understanding of the process on my Mum's part.

She's obviously quite worried about things now. She's told me that her employer tends to sack employees if they are bankrupt, and obviously, this would be catastrophic for her.

I'm really not sure what to do, but I think that if she contacts the OR, then there's a very real risk that her details will get matched up. She'll lose everything (again), have her upcoming pension lump sum seized and be sacked into the bargain as well, have to close her business, and not to mention possible criminal proceedings.

I think probably the only option is to keep quiet, perhaps reduce the debt a bit and avoid taking out too much more. I don't know what to do with her mortgage - I could buy her out, but I don't know if that would trigger any property searches which could release the can of worms.
I could take over the directorship of her current business, but it might be easier if she just closes it.

As for the inheritance, it's possible that we could agree that the property should go to the grandchildren, rather than my mum.

A difficult problem. Much as I want to be legal about this, I suspect things are too far gone and the consequences would be too severe.

I really don't know what to do, as even seeking advice could trigger a catastrophic collapse of this house of cards.

longtermplanner

Watchful wrote: »

She's obviously quite worried about things now. She's told me that her employer tends to sack employees if they are bankrupt, and obviously, this would be catastrophic for her.

A lot of people worry about this unnecessarily. As it is so long in the past I would have thought that any senseible employer would not mind.

have to close her business

what business? I thought she was a paid employee?

I think probably the only option is to keep quiet, perhaps reduce the debt a bit and avoid taking out too much more.

I think she should be planning to pay off those debts as soon as possible and NEVER take out any more!

As for the inheritance, it's possible that we could agree that the property should go to the grandchildren, rather than my mum.

I think that is an excellent idea.

Watchful

longtermplanner wrote: »

A lot of people worry about this unnecessarily. As it is so long in the past I would have thought that any senseible employer would not mind.

I hope so. She works in a managerial role in a public sector organisation (with some finance responsibilities). Obviously, she doesn't want to approach HR, in case she is sacked on the spot and escorted from the building by security.

what business? I thought she was a paid employee?

She also runs a part time business working as a specialist consultant. It's not a Ltd company though (I'd thought it was at first), so I expect that this will be OK.

Anyway, thanks for the advice. It looks like that she's in way too deep to be able to get out of this safely, and that she'll just have to keep quiet about it.