What is the situation with court fines and bankruptcy? If you are considering entering personal bankruptcy then there will almost certainly be questions you will need answering. Questions like what debts can I include in the bankruptcy. But you cannot include court orders or child maintenance.
This is provided they are not of a criminal nature. As we say you can include parking fines of any description, including City of London congestion charges, as well as any other civil-orientated fine, but not speeding fines. We have had cases where people have racked up £4,500 worth of City of London parking fines, but it all gets written off. For that matter, you may also include civil settlements and fines as a result of civil suits of most descriptions, in case you were wondering.
Our Bankruptcy UK team provides bankruptcy help and information across the board and takes clients through the bankruptcy planning process as well as the application itself. There are no longer court attendances but the detail is very important when processing these types of information.
Its critical that the application is accurate and honest and remember if you seek to do this yourself then be aware that if you think its OK to leave certain questions out because you don’t want to go into detail then this is a tell tale sign that you are not necessarily being forthcoming with the truth which could in turn lead to further restrictions and interviews until the Insolvency Service. This can be avoided by thinking the answers through and taking enough time to prepare the application.
If you do have fines and are in the process of being contacted and visited by the Sheriffs office or bailiffs then once you have your bankruptcy order then its a good idea to contact them and let them know that you have entered bankruptcy. they can then update their file notes which should avoid unnecessary visits and calls.
Feel free to call us on 01425 600129 for a non obligatory chat about your circumstances.
FORMER Charlton Athletic footballer and Purley resident Richard Rufus may be stopped from running a company after he was made bankrupt last year with up to £8 million worth of debts.
Rufus, 39, of The South Border, was made bankrupt in October 2013 after a £6 million failed investment scheme in high risk stocks and property cost his church £5 million.
Rufus came out of insolvency on October 22 this year but the official receiver has lodged an application for a bankruptcy restrictions order against him, which could prevent him from running a company.
A brief hearing at the Rolls Building of the High Court in London today (December 17) was told Rufus’ solicitors had asked for time to prepare their evidence in response to the application.
The former England under-21 international became a financial consultant after his injury-plagued Addicks career came to an end in 2004.
A born-again Christian, he was ordered to pay back £6.9 million to his church the Kingsway International Christian Centre and found £1.7 million.
However, his bankruptcy prevented any more money being recovered, with investors in the high risk scheme losing more than £3 million.
An Insolvency Service spokesman said Rufus may have debts of up to £16 million and owes the money to two church organisations and individual creditors.
Born in Lewisham, the 6ft 1in defender rose through Charlton’s academy and was tipped to play for England.
However, his career was dogged by knee injuries and he retired in 2004 but was voted in 2005 as Charlton’s greatest ever defender.
The case was adjourned until March 4, 2015 for a further directions hearing.
I have a small approved Irish Pension fund and moved to London some 10 months ago. If I petition the high court for my bankruptcy, will I lose my pension fund?
I’m afraid that your Irish pension could be under threat as only HMRC approved pensions are protected in bankruptcy. Our understanding is that there are court cases in progress to have this overturned, but nothing has been finalised as yet.
Bankruptcy UK specialises in taking people through the bankruptcy process in a straightforward manner. We will assess your circumstances then submit the bankruptcy application online. Court appearances are no longer required for bankruptcy. Call us for an informal chat on 01425 600129.
Bankruptcy.co.uk is a website providing assistance with most bankruptcy and Insolvency matters. The website provides a gateway to licensed Insolvency practitioners and commercial law practices governed by The Law Society of England & Wales, providing users access to licensed professionals that can help our users to solve their problems. Bankruptcy.co.uk is non advisory and provides information in a way that the user makes their own mind up as to whether they want to use the services of the organisation or not. Any fees charged are fully transparent and there are no hidden charges or costs involved. Our Management believes that people should make their own minds up and understand what it is that they are doing opposed to being lead into making decisions that they did not choose to make.