6. What are your duties as a bankrupt? |
When a bankruptcy order has been made, you must:
|
comply with the Official Receiver’s request to provide information about your financial affairs. The Official Receiver may request that you attend at his or her office for an interview - the Court will give you the address of the Official Receiver. (Note: usually before the interview, you will be sent or given a questionnaire which you should fill in as fully and accurately as possible.) If the Official Receiver does not ask that you attend at the office for an interview, you will be sent a letter which will set out what is required of you. Again it is likely that you will be asked to complete a questionnaire. You should note that in either circumstance, any questionnaire completed before the bankruptcy order, supplied to you by an adviser or another third party, will not be acceptable; |
|
|
give the Official Receiver a full list of your assets and details of what you owe and to whom (your creditors); |
|
|
look after and then hand over your assets to the Official Receiver together with all your books, records, bank statements, insurance policies and other papers* relating to your property and financial affairs; |
|
|
tell your trustee about assets and increases in income you obtain during your bankruptcy. (Note: by law you must inform your trustee of any property which becomes yours during the bankruptcy. Such property includes lump sum cash payments that you may receive, for example redundancy payments, property or money left in a will); |
|
|
stop using your bank, building society, credit card and similar accounts straightaway (see section 10); |
|
|
not obtain credit of £500 or more from any person without first disclosing the fact that you are bankrupt (see section 10); |
|
not make payments direct to your creditors (but see section 7a). |
You may also have to go to court and explain why you are in debt. If you do not co-operate, you could be arrested.
*Your books and papers will normally be destroyed after your trustee has finished with them. However, you can have them back, provided they have not already been destroyed, if the court annuls your bankruptcy (see section 11).
<back
|
