Joined up BR's?...

maxmycardagain · 24 August 2018 at 11:25AM

Apart from a joint-BR can the IS link BR's say, 9 months apart?

E.G. if someone today went BR and had paperwork of an event (involving cash or an item) that A.N.Other paid for, and in a year or less Mr A.N.Other went BR could the IS pull paperwork up from "Event 1" up in the matter of "Event 2" as evidence?.................

A mate bought a relative an item and that relative is going BR with paperwork to prove who paid for it (i.e. not them), should the purchaser of the Bentley go under in 9 months would the previous case be brought up?

(its not a Bentley BTW,... its a TV)

:rotfl:

silvercar · 24 August 2018 at 1:01PM

So A bought B a Bentley TV and then B goes bankrupt. B shows the OR that they have an expensive TV but that it is on loan from A and belongs to A, therefore B shouldn't be required to sell the expensive TV.

Then downstream, A goes bankrupt and explains the purchase by saying it was a gift to a kind relative, so not in their possession.

I would have thought that either it was a gift to B and therefore B loses it on bankruptcy (assuming a second hand TV is worth while selling by the OR) or that it was bought and owned by A and it has to be given up when A goes bankrupt.

Assuming honesty all round.

Someone owns it and whoever owns it at the point of their bankruptcy is at risk of losing it.

alltaken · 24 August 2018 at 1:26PM

Transaction at undervalue?

maxmycardagain · 26 August 2018 at 2:16PM

Would the IS handling BR "A" check over BR "B"'s applications 6 months later and say..."hang on, Mr A had a £1000 telly 6 months ago that Mr B bought didnt he?"

silvercar · 26 August 2018 at 4:36PM

maxmycardagain wrote: »

Would the IS handling BR "A" check over BR "B"'s applications 6 months later and say..."hang on, Mr A had a £1000 telly 6 months ago that Mr B bought didnt he?"

Whoever owns it needs to declare it as their asset at the time they go bankrupt.

Additionally the person that bought it may need to justify the purchase (ie they thought they could afford it at the time they purchased it.)

I assume A and B aren't in the same household, so can't see why one OR would check on another's property or expenses. There is no requirement to list relatives that have recently been bankrupt.

If A and B are in the same household then it may be more obvious.

I understood the general requirement was to answer all questions honestly, not to offer relatively random information.

Of course if required to list any assets worth over the TV's current value, then whoever owns it would need to declare it.

alltaken · 26 August 2018 at 6:44PM

maxmycardagain wrote: »

Would the IS handling BR "A" check over BR "B"'s applications 6 months later and say..."hang on, Mr A had a £1000 telly 6 months ago that Mr B bought didnt he?"

I'd imagine that cross referencing is reserved to the minimum of cases to pace. That said, would a computer system flag up that the address/partner has been bankrupt? Might be just the alert the OR assistants would look more closely at. Is it worth it for a TV?

silvercar · 27 August 2018 at 7:19AM

I can't work out what you are most concerned about, the OR being upset that someone near bankruptcy bought an expensive TV to gift or that the OR may demand the TV be given up.

As a secondary question, what is the value of the TV second hand? You may not even need to mention it.

Joined up BR's?...

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