Money in my account before BR

dojoman

enginesuck wrote: »

A non moral approach, hypothetically, would be to withdraw it in cash, and tell the court / receiver that it was a last ditch attempt to save yourself from bankruptcy by using the 25k to gamble. And you lost it all. And you were drunk / high and so can't remember the details. Like I said a non moral person might do that

And you would still end up in trouble, AND you would have to prove that you actually did gamble that amount away, the OR is not stupid and is not a person to messed with.

TheGardener

enginesuck wrote: »

A non moral approach, hypothetically, would be to withdraw it in cash, and tell the court / receiver that it was a last ditch attempt to save yourself from bankruptcy by using the 25k to gamble. And you lost it all. And you were drunk / high and so can't remember the details. Like I said a non moral person might do that

Even if this was actually a true account of where the money had gone - it could almost guarantee a BRO.

I would suggest buying a car for <£1000, (assuming you have one worth more but that is will be lost during the BR process) making sure your accommodation was secure and then handing over the rest as an asset.

If the OP has gone to the trouble of reading the site so thoroughly that they have found a 6 year old post - then I suspect they already know the answer to the question...

alastairq

I would suggest buying a car for <£1000, (assuming you have one worth more but that is will be lost during the BR process) making sure your accommodation was secure and then handing over the rest as an asset.

..........To add, for lurkers.....make sure all domestic equipment is serviced/repaired/replaced, from the above type of sum. A BR is not a punishment....if a new washing machine [of reasonable cost, maybe not top price, top-of-the-range?] is needed, then make the purchase. Same goes for beds, chairs, maybe even a reasonable TV?

All the above type of stuff is a reasonable use of [some of?] the funds.....[keep the bills as evidence]...

Small cash sums might be easy to dissipate, but larger amounts need to be visible.

Remember, for the duration of the BR , plus that of any IPA/IPO, then essential living expenses are all that will be allowed, with the surplus going into the BR estate.

Incidentally, why is the OP being continually 'pushed' towards an IVA?

Does the OP have property assets?

DOes the OP work in an area where BR is frowned upon, and could create work problems?