Request Call

Speak to a specialist adviser today
for a no-obligation chat.
First Name
 
Last Name
 
Phone Number
 
Email
 
Are You Curently Bankrupt
 
 

Latest Headlines

  • London Market Report
    Car and plane parts maker GKN and clothing retailer Next are the biggest risers in early London trading.
  • UBS responds to 'dark pools' probe
    UBS, Switzerland's biggest bank, says it is responding to US investigations surrounding a private trading system known as "dark pools".
  • Car firms sued over CD 'rip' system
    A group representing musicians in the US is suing Ford and General Motors over in-car CD players which allow tracks to be stored on a...

Need quick advice?

Ask an expert now and get an answer within the hour. Easy and FREE

Searching for information?

Visit our FREE archives and find the answer to thousands of questions.

Friday, 11 February 2011 11:56

What Happens If I Am Not Truthful On My Bankruptcy Forms?

Written by  Jon
Rate this item
(1 Vote)
What if I am not totally truthful on my bankruptcy forms about some property I have, what can happen and how would they find out?

Answer:  First, if you are not truthful on your bankrutpcy forms it very well could be viewed as fraud; and there are ramifications of doing this.

 

Why would you not be truthful?  If you need to hide something, maybe bankruptcy is not the best option for you.

 

Here is an article form our web site that relates to bankruptcy fraud:

 

Is Transferring a Property Before Going Bankrupt Seen As Fraud?


Fraud - trying to hide or transfer an asset prior to going bankrupt, not being truthful or fully disclosing all details, intentional deception made for personal gain

Interesting definition and quite broad I might add.

So what about selling or transferring a property or asset prior to going bankrupt so that you  can either keep the asset or keep/hide the proceeds from the sale.

Obviously if it feels icky then it is icky; if it feels wrong, then it probably is wrong.

My advice always has been, and always will be: it is not wise to sell or transfer an asset prior to going bankrupt.

The bankruptcy forms themselves ask about any transfers or sales or property for the prior few years, so this does need to be disclosed, if you have sold or transferred property and do not disclose it, then it is as simple as lying.

Also, just because the bankruptcy forms ask about a few years back, the Official Receiver in a bankruptcy can look back even further if the need be.

And what if you have done this, what can the Receiver do, what’s the worst that can happen??

The Receiver could issue a BRO or bankruptcy restriction order against you, keeping you under the restrictions of bankruptcy longer than the usual 12 months and for up to 15 years!

They also have the authority to reverse the sale or transaction, meaning they can contact who you sold or transferred the property to and attempt to get it back or the cash equivalent of the value of the property.

It can get ugly there, bringing others into your bankruptcy.

I have heard of people not just giving a property to a family member to sort of hide it, but in some instances selling a property and using the proceeds to pay back a debt to a friend or family member; which is in essence preferring that person over their other creditors.

When this is found out, and you would be surprised how these things are uncovered, the Receiver asked the family member who had been paid for that money back.

When they family member stated they could not pay the money back, the Receiver then chased them for the money.  I was never updated as to the outcome from this, but ultimately the Receiver could have made that family member bankrupt to get the funds back.  And since the family member did own their own home, it could have been lost if they were made bankrupt.

So it gets not only ugly but complicated as well.

Some people in their querying this with me ask about being charged criminally due to misrepresenting something or committing fraud in their bankruptcy:  I have not heard of anyone being charged criminally due to doing this, but that does not mean it has not happened.  I suppose it would depend on the extent of things and what all had ben done.

Still, why even get mixed up on something like this if you don’t have to, and you don’t have to.

One person who I had spoken with years ago had mentioned they had transferred a car over to their son prior to going bankrupt.

The Receiver took note of this and issued the person with a BRO for eight (8) years.

Seemed like an odd amount of time, eight years, and also a bit harsh, but then again, I may not have been told all the details of the transfer.

So I suppose the word here from all this is to not transfer or sell assets prior to going bankrupt, and if you do make the decision to do this, be aware of the ramifications of such a move.

 

Regards,

 

Jon

Comments (0)Add Comment

Write comment
You must be logged in to post a comment. Please register if you do not have an account yet.

busy

Insolvency calculator

Find out the best debt solution for you with our simple calculator:

Total Debt:

£

No of creditors:

 

Monthly income:

£

Monthly expenses:

£

Own home?

Yes No

Recent Activity

profile
27 minutes ago
wall
dawnlougib, Jon replied to the topic Re: HMRC in the forums.
15 days ago
wall
dawnlougib created a new topic HMRC in the forums.
15 days ago
wall
Jon, yknivag replied to the topic Re: Bankruptcy Questions in the forums.
32 days ago

Our Services

If you have a serious debt problem, bankruptcy can free you from your debts within 12 months. As a solution for dealing with serious debt, bankruptcy is a last resort. Other debt solutions need to be explored first, to help determine if bankruptcy is the right debt solution for you.

 

Your financial affairs are put into the hands of an Official Receiver or Trustee, who will control all your assets - and if you own a property, this will also be included. These will be sold and the money used to pay as much as possible to your creditors.

 

There are consequences to bankruptcy which will affect your finances and work life. You may struggle to borrow money, for example, and will not be able to apply for certain jobs.

 

For some, bankruptcy is the right option and will put an end to pressure from creditors. Our team of experts are on hand to advise on the best solution to your debt problems - call now on 0800 002 9951.

 

Latest Posts

More Topics »

Browse Categories


what does diclofenac sodium contain methotrexate over counter uk ventolin side effects long term drug market order proscar promethazine syrup side effects what types of ditropan are there effexor xr 75 generic 60 mg cheap zyvox low cost xalatan can i get acticin celadrin with no rx benadryl maximum strength severe allergy and sinus headache dosage cheap genuine norvasc online where can i order viagra in canada cheap benfotiamine buy online get tetracycline toronto cipla ltd sikkim india decadron to buy in the usa without a prescription boots chemist retin a is imitrex sold over the counter sale dilantin cystone for sale philippines hydromorphone side effects itching how to get alphagan in australia best online pharmacy generic imuran diclofenac stada 100 mg retard pamelor from usa astelin 5mg tablets cleocin dosage for uti viramune online uk buy flovent in india online where to buy phentermine 37.5 mg what does zoloft 50 mg look like buy propecia in the uk dulcolax prescription coupon brand aciphex for sale best anti anxiety medication uk safe lozol no precription elimite bonus pills which is best cialis or viagra long term side effects of keppra combivient no prescription wellbutrin sr roche precio argentina albenza ships from india how to get cardura drug lowest price azulfidine what is the drug plavix used to treat pharmacy direct cialis haldol low dose birth control luvox delivery uk cordarone online price what medication is prescribed for anxiety and depression vytorin side effects mayo clinic lamisil medication order buy modafinil online pharmacy trileptal uk buy buy pravachol uk buy inderal mg online canada does buy sublingual viagra what is xeloda tablets hyzaar 50 12.5 containing hydrochlorothiazide and losartan inderal tablets order pharmacy generic ceftin can buy avandamet online walgreens plavix prices haridra over counter effects of long term opiate use on the body vente de nootropil au quebec monthly cost of zyprexa amitriptyline cost nymphomax side effects long term use what are the side effects of synthroid medication lipitor no prescription tadalis sx to buy in england maximum effexor xr dosage comprar sumycin online top 10 online allopurinol sites maximum prilosec dosage sominex mail order india what is the hcpcs code for clonidine tablets ultra low dose dipyridamole elimite without a prescription where to buy bactroban in canada safely side effects of fertility drugs for men 20mg prednisone high dose order prozac online no prescription alesse overnight shipping cheap diarex no prescription canada where can i buy fresh acai berries in the uk lynoral online usa can i get pregnant while taking valtrex blood pressure medication side effects dizziness delivery online buy amaryl overnight zerit rx what does an anacin pill look like erectile dysfunction treatment prilosec for men sale in uk buy over the counter diflucan online 20 cialis tablets does alesse 21 cause weight gain over the counter prices of generic for nexium cheap yasmin online amaryl generic canada diflucan dosage for breast thrush viagra generico funciona cost of requip xl alli online from india cheap arimidex free delivery nexium discount card com levitra canada free metformin tablets 150 mg side effects of glucophage 500 mg 1000 mg depakote how long does it take for unisom to kick in no prescription vytorin relafen online in us can you only get clomid on prescription diclofenac online from canada tadacip for men sale in uk albendazole over counter australia viagra best prices uk cipla different types of drugs and their effects order prograf online uk where to get plavix cheap crestor fda approved to buy without prescription how to buy lopid minomycin coupons lopressor order canada buy phentermine online cheap no rx indian generics online zyvox get valtrex no prescription cheap minocycline online cvs caremark mail order pharmacy forms cheap genuine phenamax online what is the dosage for ciprodex otic buy venlor quick cialis sublingual refill pack buy xanax online no prescription australia maxalt order online cialis viagra sale canada buy mentax cheap differin non perscription countries orlistat without a prescription from india apo furosemide medication cytoxan generic 2013 drugs roxithromycin medicine children emsam patch australia levitra 20 mg von bayer cialis 2.5mg side effects ramipril altace dosage uk version of zyprexa how much is digoxin tablets pro cefadroxil side effects suhagra tablets on line to buy list of sulfa drugs generic femara us sildenafil citrate 20 mg tablet legal buy isoniazid online canada mirtazapine withdrawal effects is generic ephedraxin available in usa finpecia in the netherlands implicane 50 mg efectos elocon next day delivery buy ginseng cheap where to retin-a ge zithromax cost at publix exelon lawsuit canada forzest drugs online purchases alguien ha usado alli fosamax for men in usa cialis daily use drugs canadian side effects of bactrim ds 800-160 rumalaya forte cheap price non prescription pharmacy seven second erection how long after doxycycline can i get pregnant decadron side effects in toddlers 1 000 games flash games imitrex tablets prescribing information antivert otc medication where to buy ginseng seeds online pharmacy uk zebeta tulasi drug schedule buy vermox paypal buy phenamax visa generic cialis overnight delivery which uk site to buy floxin buy abilify 40 mg levitra prescriptions online buy viagra over the counter mexico metformin mg usa where can i buy acyclovir over the counter estrace price tetracycline for rosacea reviews generic mexican viagra can order zanaflex canada canadian pharmacy online generic xanax suprax online buy zofran over counter drug what are the side effects of lamisil pills what is the brand name for hydrochlorothiazide lasuna where can i buy it get tricor toronto how long do i need to take doxycycline for malaria buy moduretic 20 erythromycin buy online overnight shipping where do i buy paxil buy cleocin gel mg online hyaluronic acid pills amazon buy prandin 15mg online desyrel for sale buy keflex singapore para que sirve el bactrim compuesto cytotec online sales haridra for sale philippines antifludes capsulas para que sirve eltroxin online bestellen buy zenegra online safely low dose naltrexone nhs buy nolvadex online with no prescription propecia to buy uk cvs pharmacy specialty drugs where to buy ranitidine in canada safely generic flagyl cost online sale of motrin non generic alphagan no prescription online effects of celexa and alcohol cheapest synthroid in the uk minocycline dosage instructions canadian generic cialis 1st place is there anything better than viagra topamax prices walmart oral prednisone dose for dogs purchase cialis jelly tadacip medication overnight delivery capoten in the uk now how to take ranitidine mg ridgeland discount drugs hours kegunaan celebrex 100 mg cheap genuine erythromycin online strattera drug wiki taco cabana online ordering can you buy prometrium over the counter what is promethazine 12.5 tablets used for buy 5 viagra pills what is the medication vytorin for where can i purchase betapace how to use singulair sprinkles neurontin low dose birth control doxycycline where to buy in canada levitra professional online pay paypal dilaudid hydromorphone 2mg alavert orally disintegrating tablets orlistat 120mg amazon tegretol medication bipolar vermox without a script where can you get unisom cytotec capsules average cost revatio indian pharmacy arava lariam roche precio argentina isoniazid daily use reviews best drugstore foundation for prom very cheap cystone menosan prices mail order cialis professional best online pharmacy generic viramune zantac ranitidine 75mg relief tablets cialis pharmacy 2u glucotrol xl tablets online metoclopramide lawsuit order colchicine pill discount drugstore pharmacy comprar ephedraxin original en madrid buy furosemide pills in the mexico how to use nexium 40 mg normal zyprexa dose crestor user reviews 1 guy 1 jar original video link roxithromycin tablets 150mg uses effects of clomid and alcohol generic drug for motrin micardis generico where to buy biaxin with visa triamterene hctz capsule shortage aciclovir in italia clomid purchase online innopran xl shopping voveran online forum generic from diamox alli weight loss discontinued what is sumycin pills used for cost of ayurslim levlen spain buy arjuna online common side effects of nitroglycerin 100 mg doxycycline for dogs low cost clozaril view topic generic what kind of antibiotic is keflex buy dulcolax uk without a transcript alphagan cod minomycin from usa allopurinol on line for sale no script order effexor xr online drugstore eastern bluebird sialia sialis buy over the counter mevacor online coreg cost comparison nizoral comprare mirapex roche precio argentina how long does it take to adjust to keppra can i order bactrim online without a prescription medrol online no prescription drugs overnight amox-clav generic for augmentin how long does it take for seroquel xr to work low cost robaxin singulair sales 2009 list of tesco stores selling danazol buy minocin hong kong tricare mail order pharmacy express-scripts non prescription ed drugs 2012 100 ug/ml ampicillin ethionamide doctors online cheap cordarone 40 mg buy sustiva in singapore prednisolone prescription only is baby aspirin available in australia how long does trazodone take to work for depression sildenafil aurochem side effects cheap trimox uk best tegretol prices what is florinef for dogs can you get skelaxin buy olanzapine pills online online pharmacy affiliate forums panax ginseng italiano no prescription premarin sale order proventil from usa without prescription strattera uk boots ampicillin dose for meningitis how long does tinidazole take to work over the counter lithium medicine medication retin a micro femcare pharmacy prices list synthroid side effects acne ketoconazole tablets order robaxin cheap minocycline 10 mg buy chloroquine online canada drugs mobic with prescription cephalexin dosage for dogs uti cardizem uk brand name prazosin drug oversea nolvadex sublingual dosage does clomid help prevent miscarriage what are the common side effects of aspirin ordering famvir bayer aspirin new zealand canada drugs nexium with prescription discount generic cialis india accutane shoppers drug mart duracion de los efectos secundarios de la prednisona alli weight-loss aid orlistat 60mg capsules refill pack dramamine mg price difference between generic and brand name lexapro safe buy voltaren online official canada pharmacy coupons pariet without a prescription from us apcalis sx 5mg tablets diclofenac in usa buy cialis soft tablets mexico buy cytoxan 20 prednisone affect birth control pills american express card login usa alli fogle florida southern effects sildenafil citrate women best site get depakote resources for tadalis sx can you buy viagra in a chemist erexin-v over the counter is carbozyne legal in uk what is lithium made of drug substitute proscar propecia lexapro wikipedia espan~ol betnovate for discount is vardenafil safe for women furosemide online no prescription is atrovent a prescription drug underactive thyroid medication weight loss ter lupa makan pil perancang marvelon viagra force for sale how long does it take levitra to take effect hyzaar comments keflex delivery london i pill meclizine website cheap lexapro 10 mg diflucan generic name pharmacy has best price alesse anafranil reviews for ocd buy pletal singapore prednisone dosage dose pack floxin side effects viagra forum buy ortho tri cyclen birth control ingredients in scozia il viagra aleve pills wiki order levitra professional online no prescription with a echeck purchase unisom online ordering levaquin online tadalafil canadian pharmacy online buy cialis next day is mail order geriforte safe safe pregnancy after accutane buy asacol without rx weight gain after stopping yasmin buy minomycin mexican pharmacies what is combivent udv why is there a shortage of dipyridamole tricor not generic generic indinavir usa pharmacy buy over the counter coreg online where can i buy capoten buy retin a online uk tamoxifen tablets purchase on line levitra 20mg shop purchase zoloft online can you get pregnant on tamoxifen brand levitra limited india renagel dosage and administration best generic lady era review exelon patch walmart pharmacy clovis new mexico can you buy antibiotics online uk azithromycin buy antivert over counter ditropan generic usa foods that work like viagra maximum allowable dosage viagra bactroban drugs for sale cialis and viagra together forum cozaar dosering order generic cleocin gel buy ephedrine diet pills canada how to purchase zetia online claritin usa xeloda for sale online methotrexate mist canada tadacip online pharmacy terramycin drugs valacyclovir 5 mg valtrex toradol new zealand skelaxin comprare order differin 0.1 buy brand colospa order cafergot no prescription synthroid medication and weight loss rite aid acetaminophen rapid tabs recall zyrtec cost canadian can you order cardura order tricorn hat diovan pills drugstore cuanto cuesta el viagra en mexico where to get nitroglycerin pct best place to buy provera in india what does prednisolone do for asthma mycelex-g women buy viagra sin receta medica andorra chloroquine and proguanil price minocycline price walmart buy tramadol overnight delivery cod buy prednisone without a subscription ambien cleocin best online non prescription pharmacy inderal tablets used for why is there a shortage of cefixime cheap zanaflex no prescription cheapest living in europe 36 hr. cialis commercial best site get pletal diclofenac gel by mail ampicillin no prescription reviews current price aceon buy flomax with visa fosamax once weekly dose brand cialis cheap cafergot capsules buy online vasotec generic where to buy mobic drugs online viagra 50 mg 4 tabletten citalopram gocce generico ventolin shortage in canada viagra wikipedia free encyclopedia buy caverta boots atrovent in italia clomid ovulation day 14 best generic pravachol review hoodia without rx caverta for sale uk ol roy healthy weight management himalaya mentat tablet amitriptyline dosage for depression what is the dosage for flovent inhaler viagra sites review anderson kroger pharmacy phone number can i get commercial docyocline how to by dipyridamole online purchase paroxetine 25mg metoclopramide online coupon code ventolin hfa reviews side effects where can i buy retin a no prescription evecare reviews for men prescription drug tamoxifen order extendaquin online how to take care of an amaryllis bulb generic version of nizoral shampoo levitra to buy from europe aldactone over the counter uk maximum atarax dose mail order wellbutrin xl buy provera without a subscription levothroid limited india side effects of asian ginseng extract how to get asacol in australia ordering aldactone canada tinidazole without click here buy rosuvastatin lowest price www.genericviagra.me.uk rumalaya forte shortage 2012 cialis super active sale tadalafil 20mg cheapest can you get messed up on celexa how safe are prescription drugs from india foreign side effects cephalexin weight gain buy lopressor online canada no prescription buy cialis soft online no prescription united states cleocin drugstore.com voltaren prices canada original skelaxin online how to order unisom celexa woldwide shipping price increase lozol nymphomax cost in canada is danazol a prescription drug buy alli tablets uk hydrochlorothiazide 25 mg weight loss ordering mobic l-thiroxine from canada xenical order in the us ampicillin 40mg purchase blopress on line in canada olmesartan medoxomil impurities puede comprar xenical en espan~a sin receta what is lipitor side effects where to get white lithium grease buy abana online india retin lowest price online flomax mr capsule purchasing levaquin online zyvox 300 mg best price best fertility drugs for twins clavamox drops dose for kittens where can i buy thyroxine online mobic non script canadian pharmacy buy cialis 5mg worldwide pharmacy tadapox original tricor online brand tadacip buy buying doxycycline online uk serevent diskhaler how to use drugs contraindicated with digoxin canadian pharmacy order cheap strattera flagyl er over counter legal buy lotensin online canada purchase alli uk is it illegal to buy viagra online in the u.s cheap claritin d 24 hour etodolac tablets used what is depakote used for what are water pills and what do they do taking ramipril and viagra is wellbutrin fast acting tetracycline in the uk now birth control pills avodart propranolol canada price generic lipitor usa erexor online bestellen generic meclizine cost generic combivent inhaler prices trazodone 100 mg dosage best site for erection packs 3 lantus medication on line can buy clomid uk orlistat over the counter side effects missed two doses of seroquel base actosol cheap adalat cod fedex cystone where to get taking 2 unisom tablets premarin cream shortage generic drug starlix buy yasmin hong kong where to buy ventolin inhaler without a prescription ranitidine daily use reviews plendil online forum accutane mail order india cipla limited annual report order synthroid on line canada evecare drugstore.com ginseng best price is retin-a 0,025 legal in uk trihexyphenidyl cerebral palsy overnight amaryl without allegra hicks kindle cover average cost of viagra per pill trandate 40 mg dose zocor for sale australia ventolin hfa 100 mcg terramycin without script types of iv pain meds where purchase aspirin paxil 10 mg effective best precose prices pharmacy nitrofurantoin purchase canada best price lithium ion batteries purchase lisinopril in australia fucidin mg tablet diclofenac sodium 75mg ec tablets reviews how long does it take for zebeta to work what are the side effects of citalopram hbr 20 mg what is biaxin xl 500mg clarithromycin can you only get isoniazid on prescription cardura tablets uk bupropion non perscription countries malegra fxt shop net purinethol spain finasteride nhs prescription comprar tamoxifen portugal moduretic generic reviews cialis soft without prescription best cialis super active prices prescription buy avodart usa columbia liquid viagra viagra cialis levitra online discount rx mart canada where can i purchase nolvadex sibutramin sildenafil tadalafil nedir buy generic anafranil online no prescription mometasone furoate nasal spray side effects indian viagra sublingual order midamor no rx canadian pharmacy lillian pharmacy 36549 order ventolin 2mg drugstore online australia tenormin shoppers drug mart meclizine drug in canada pharmacy generic luvox ocutane generics and prices low albendazole infection treatment rumalaya tablet sale generic for zyrtec at walgreens viagra pharmacies us letrozole gyno reversal protocol tenormin for sale australia