A Technical Question

Good evening to you all,

I have to confess to having been an avid reader of this site specifically, and others generally, for quite some time, and gathered an awful lot of very useful information without having to register and ask any specific questions. That makes me guilty of taking and not giving and I have no defence to that charge. My only comment there would be that all questions I've seen asked have been more than competently answered, so any input from me would have been an irrelevance.

I was declared bankrupt in May of last year and discharged in May this year. I was a partner in a professional practice that overstretched itself and paid the ultimate sanction together with some, but not all, of my fellow partners. During this period I went through a messy divorce and there were assets to be disposed of but that was by the by.

I found employment reasonably quickly, albiet at a much reduced income, and given the costs of living in our capital had no disposable income based on my fixed salary. I supplemented this reduced income by taking on work in my professional capacity and took great care to inform the Inland Revenue of my additional income. What I did not do however, was to inform my trustee, who I found to be a most offensive individual. It wasn't so much out of a desire to deceive as a feeling of needing a buffer against life's unexpected events.

My question revolves around the fact that I have recently received a letter from my trustee requesting me to sign a document that gives him access to all my PAYE and Self Emploted Income details from HMRC.

What is the likely outcome of this given that I have clearly understated my income during the period I was an undischarged bankrupt?

I have no excuses and any criticism is more than justified, I am merely trying to ascertain what the outcome is likely to be. If anybody else has had a similar experience I would be most grateful to hear from them.

Thank you,

Julian.