Bankruptcy fraud is viewed as very serious by the Official Receiver / Insolvency Service and can result in either an extended Bankruptcy Restriction or a prison sentence, or both.
The most common form of Bankruptcy fraud is where people try to hide assets, usually by not declaring foreign property interests and closing / hiding bank accounts. By signing the declaration on the bankruptcy forms, people are obliged to disclose all interests and failure to do so will result in an investigation and possible prosecution.
A Bankruptcy Restriction will result in a person not being discharged from bankruptcy for a number of years and all of the complications this brings.
Feel free to call us for a confidential chat about your circumstances on 01425 600129 or 0800 5977 977 and we will talk you through your options and how we can help you. We offer an a – z service, including the completion of all the forms and the all-important income and expenditure.