when do i need to say i have went bankrupt a second time

February 10th, 2008 by Questions

If i went bankrupt 30 years ago do I still need to declare that to the Licensed Insolvency Trustee?
How long does the gov`t keep this info on file?


One Response to “when do i need to say i have went bankrupt a second time”

, A licensed trustee said:

As part of your trustee’s preparations they will do a search for prior bankruptcies in the Court system – if you haven’t disclosed the fact that you’ve been bankrupt before (even though it was 30 years ago) it will draw into question everything else you may have told your trustee – if you don’t tell them about the prior bankruptcy they are going to wonder what else you haven’t told them about.

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