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T O P I C R E V I E W
harbourmaster
Posted - 29 January 2009 : 19:42:24I have received a letter from the Trustee in Bankruptcy reminding me what I can and cannot do whilst BR and another form to complete which is similar to the SOA. On the page that requires signatures it states: Bankrupts are reminded that S.333(1) of the Insolvency Act 1986 imposes a duty on the bankrupt to- 1. give to the trustee such information as to his affairs; 2. attend on the trustee at such times; and 3. do all such things as the trustee may reasonably require for the purposes of carrying out his functions. This section applies after a discharge has been obtained. S333(2) of the Act and Rule 6.200 of the Insolvency Rules 1986 impose a duty on the bankruptcy to notify the trustee within 21 days if any property is aquired by him or devolves upon him, or there is an increase in his income. If a bankrupt carries on a business he shall not less often that 6 monthly furnish to the trustee information with respect to it, showing the total of goods bought and sold as services supplied, and profit or loss arising from the business. The trustee may require the bankrupt to furnish fuller details (including accounts) of the business carried on by him.
Does the above mean that I will have to tell the Trustee of any change in income AFTER discharge and continue to send accounts AFTER discharge/ I thought that as soon as you were discharged you could get on with your life without anyone looking over your shoulders!
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John
Posted - 29 January 2009 : 20:33:14 Hi HM
Section 333 of the Insolvency Act refers to the responsibility of the bankrupt, post discharge, to co-operate with the trustee regarding income, windfalls and the like. But this only applies if you have an IPA or IPO.
If you think of it from that viewpoint then the wording makes sense.
