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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

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  • Fighter1986
    Fighter1986 Posts: 834 Forumite
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    edited 9 July 2020 at 3:22PM
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    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
    MIJ1986 Posts: 17 Forumite
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    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
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    MIJ1986 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
    luvchocolate Posts: 3,254 Forumite
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    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
    MIJ1986 Posts: 17 Forumite
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    wamorgan said:
    MIJ1986 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
    Morfx Posts: 123 Forumite
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    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
    mwarby Posts: 2,048 Forumite
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    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).
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