If you go bankrupt and you move

Get expert opinion. This is the place for new questions to be posted.
2 posts Page 1 of 1
Post Reply
 
 

hara33

User avatar
Posts: 27
Joined: Sun Dec 28, 2008 2:52 pm
Post by hara33 » Sun Jan 25, 2009 8:27 pm
Quote
If you go bankrupt and you move into someone elses house, can baliffs come into to take your possessions as they have a claim on you for 1 year.

People advise that banruptcy only lasts for 1 year, I know this is not true, please would you confirm how long it lasts in reality?

Thanks
Top
 
 

MelanieGiles

User avatar
Industry Expert
Posts: 47612
Joined: Tue Jan 09, 2007 10:42 am
Location:
Post by MelanieGiles » Sun Jan 25, 2009 10:12 pm
Quote
If you are bankrupt, you will not suffer from bailiff's action as your debts will be discharged under those proceedings.

Bankruptcy does generally last for one year, but your credit rating is likely to be affected for six or more years.
Regards, Melanie Giles, Insolvency Practitioner
Top
Post Reply
2 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”