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What are the duties of a bankrupt - Bankruptcy UK

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What are the duties of a bankrupt

When a bankruptcy order has been made, you must provide the Official Receiver with information relating to your financial affairs, such as a list of your assets (property, pensions, insurance policies, etc), outstanding amounts of each debt and to which creditor they are owed (the petition we have prepared for you.)

Any assets are then to be handed over to the Official Receiver, along with any bank statements and details of any insurance policies relating to your property and financial affairs. Any assets and income increases obtained during the bankruptcy should be declared to the Trustee. You must not obtain credit of £500 or more from any person without first disclosing the fact that you are bankrupt. You must not make any direct payments to your creditors.

 

Bankruptcy UK

Bankruptcy UK