Help re bankruptcy discharge, please

renie

Hello,

I was made bankrupt in May 21014, my debt was a mortgage on a house in Ireland which I lived in until a relationship breakdown and moving back to the UK.

I was automatically discharged on 9th May and I wondered if there was a document or information resource that tells me where I would stand on any assets I may obtain in the future (inheritence - Euromillions win ((I can dream)), car (a runabout) or savings I might accumulate.

I have tried researching this online but I can't find any official information, CAB says you are usually allowed to keep assets gained after, that's too ambiguous for my nerves to take. I emailed my OR 2 weeks ago but haven't heard back, I know they are not there to give advice but thought there might have been a document they could point me in the direction of.

I'd really appreciate any help on where I can get this information.

Many thanks, in advance, for your help

sourcrates

Hi,
This applies to the UK and is taken from the Insolvency service website :

"The period in which it is the duty of the bankrupt to notify the trustee of any after-acquired property, or assets, begins with the date of the bankruptcy order and ends with the date of discharge."

So i assume once you have been discharged, you are deemed to of been released from the above restrictions.

fermi

Yes, after acquired assets are safe as long as the devolved on the bankrupt after discharge. So date of lottery win, or date of death of the person you are inheriting from etc must be after the discharge date to be clear.

renie

Thank you very much Sourcrates and Fermi. Time to start looking forward