Bankruptcy Information Centre

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How Can The Court Find My Assets In Bankruptcy?

Question:

If someone didn’t declare all their assets, how can the court find out? For example, overseas property not declared.

Answer:

Is the court the entity that you really want to lie to?

When petitioning for bankruptcy you are best off completing the petition truthfully and factually. Otherwise it can surface at the time you file for bankruptcy or latter with consequences.

If something dodgy is found later a BRO/bankruptcy restriction order could be issued keeping you in bankruptcy for up to 15 years.

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If you have a bankruptcy question you’d like to ask, just ask using this online form. All help is free.

Source: How Can The Court Find My Assets In Bankruptcy?

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