Bankruptcy Offences

edited 30 November -1 at 1:00AM in Bankruptcy & Living With It
9 replies 1.6K views
jon25jon25 Forumite
3 Posts
edited 30 November -1 at 1:00AM in Bankruptcy & Living With It
Hi all,

I am after some advice on Bankruptcy and the potential implications it brings.


it states on the CAB website that the following is an offence.

"giving away or selling property that you got on credit in the 12 months before you applied for bankruptcy, at a time when you hadn't paid for the property"


Please can you advise me whether the above applies to fixed sum loan agreements or just hire purchase agreements and what the likely outcome would be if I were to be declared bankrupt?

Thanks in advance for any guidance

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