Statement Search 9 July 2020 at 1:58PM in Bankruptcy & living with it 7 replies 181 views

MIJ1986

Hi all,

Im looking to go BR very soon as my circumstances have taken a dramatic change.

How far back will the OR look to see what the debt money was actually spent on?
Mine has built up over the last 5-6 years and I have no idea what exactly the money was spent on so worried encase I have to list it.

Just trying to be prepared and get as much information together as possible before I finally bite the bullet and do it.

Thanks for reading

Fighter1986

My OR didn't check any bank, loan or credit card statements whatsoever.

It's assessed on a case by case basis but generally if there's nothing suspicious in your statement of affairs they'll ask for very little / nothing. 

MIJ1986

Fighter1986 said:

My OR didn't check any bank, loan or credit card statements whatsoever.

It's assessed on a case by case basis but generally if there's nothing suspicious in your statement of affairs they'll ask for very little / nothing. 

Thanks for replying.
What would you say is suspicious? Sorry this is all new to me and a pretty scary time so any help is much appreciated

wamorgan

MIJ1986 said:

Fighter1986 said:

My OR didn't check any bank, loan or credit card statements whatsoever.

It's assessed on a case by case basis but generally if there's nothing suspicious in your statement of affairs they'll ask for very little / nothing. 

Thanks for replying.
What would you say is suspicious? Sorry this is all new to me and a pretty scary time so any help is much appreciated

As Fighter1986 said, the OR never requested any bank or CC statements from me.
Of course was asked how I ran up the debts etc but none of mine was down to gambling, just general purchases and living expenses.
I must admit, I was scared going into my bankruptcy.
Everything for me so far has gone really smoothly and don't know why I didn't did itmit earlier.

luvchocolate

I was asked for 2 year bank statements and 1 year credit card. 
The examiner told me he looks for anything that jumps out. 

MIJ1986

wamorgan said:

MIJ1986 said:

Fighter1986 said:

My OR didn't check any bank, loan or credit card statements whatsoever.

It's assessed on a case by case basis but generally if there's nothing suspicious in your statement of affairs they'll ask for very little / nothing. 

Thanks for replying.
What would you say is suspicious? Sorry this is all new to me and a pretty scary time so any help is much appreciated

As Fighter1986 said, the OR never requested any bank or CC statements from me.
Of course was asked how I ran up the debts etc but none of mine was down to gambling, just general purchases and living expenses.
I must admit, I was scared going into my bankruptcy.
Everything for me so far has gone really smoothly and don't know why I didn't did itmit earlier.

I will have some online gambling transactions on my bank and cc statements. Im far from a gambling addict, was just betting to see if I could get myself abit more stable but now realised that's not the case. I can live without gambling but would the transactions on my statements cause issues when I apply for bankruptcy? I would say mine is living expenses, holidays, general shopping, gambling etc.....I have no assets so none spent on cars etc

Morfx

Just a pint to note, If you knew you were insolvent and then gambled (which I did) expect the OR to go through your statements ( I believe they can go back as far as they want)

Mine went back over 4 years, the online gambling company was contacted to see the total amount spent and my account was closed.

I foolishly was trying to get myself out of debt via gambling.

If you have large sums there, you can expect a BRO.

I agreed to one as now I am bankrupt, I have no need to gamble to pay the debs.

mwarby

It's also worth noting that the OR can also direct to the creditors to get statements, so you may never know if the OR has looked or not. I suspect in most cases unless the ORs interest is piqued by something in the application or interview it would either be no check, or a speed read checking for no big items(to check your not hiding assets).