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Fraud (58)
I have a property that I am ging to sell before I go bankrupt and plan on keeping the money I make off the property. If I don't put down that i had a property how can they find out?
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If I don't mention that I have a property abroad in my bankrutpcy how will they find out?
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This may not seem important but I know a family who are on benefits, have no assets and are about to refit their council property by "maxing" out their credit cards. This will most probably run into more than £50k. They will subsequently declare bankruptcy and essentially commit fraud because they will intentionally use credit with no intention of paying it back. My question is how can this be reported before it is committed? Is it possible to let the banks know? Is there a central agency that deals with fraud of this nature? I know it's presupposing a crime but can it be logged so that at the time of filing for bankruptcy they are aware of the information?
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I am considering going bankrupt and have a property in my name that I want to make sure my wife and kids can keep. Is it OK to transfer the property to them and then go bankrupt?
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Tuesday, 17 April 2012 17:06
Do I Have To Disclose I Am Receiving A Payout If Bankrupt?
Written by Jon
i was declared bankrupt oct11th 2011 due to a fall in jan 2011 i lost my job and had to go bankrupt
Yourquestion: i am about to recieve an interim payement of £6000 for loss of earnings but i did not declare any personal claim in my bankruptcy as i had no idea how many years or how long or if i would get anything. i have to go back and see an orthopaedic surgeon in a years time so at the least my claim will be sorted in 2 years time, i,ve opened an account with no credit checks basically just to cash the check as i owe it all out, it states in law guides that i dont have to tell the OR when opening a bank account, and my bankrupcy will be over in 6 months time,
please advise am i doing anything wrong.
Yourquestion: i am about to recieve an interim payement of £6000 for loss of earnings but i did not declare any personal claim in my bankruptcy as i had no idea how many years or how long or if i would get anything. i have to go back and see an orthopaedic surgeon in a years time so at the least my claim will be sorted in 2 years time, i,ve opened an account with no credit checks basically just to cash the check as i owe it all out, it states in law guides that i dont have to tell the OR when opening a bank account, and my bankrupcy will be over in 6 months time,
please advise am i doing anything wrong.
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I have been advised to go bankrupt and need to protect a property I have. I want to transfer the property to my family so it does not get taken in the bankruptcy. The property is all I have for my family and worth a few so how do I do this?
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Wednesday, 01 February 2012 18:48
Can I Remove My Name Off A Property before Going Bankrupt?
Written by Jon
I am about to register for bankruptcy, if i take my name off the mortgage before i register and we sell the house or possibly stay i it, where do we stand with regards to the house as i will no longer be on paer as 'owning' a property?
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I am considering going bankrupt but dont want to lose a property I have so I am going to sell it to my friend for a less then what it is worth can I get in trouble for this?
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I am very worried as before my husband went bankrupt in November we transferred a balance from a credit card in his name to one in my father's name. This card was used to purchase our car and was entirely used and paid by my husband and not my father. Will the OR see this as fraud even though it was my husband making payments on the card?
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