Bankruptcy But Still Have Money

[ukanonymous]

How is it possible to retain money / property while claiming bankruptcy
?

[bednobs]

it isn't as far as i know. Well you can have some money (ie for essentials)

[sandyRoe]

A limited company can go bust but the people associated with it would keep their money. They might then make an offer to The Receiver to buy the assets and set up again debt free.

[Mamyalynne]

A lot on complicated rules, but a short version here.

https://www.gov.uk/bankruptcy/overview

[EDDIE51]

Legally there is no way to keep more than a very small amount for essential living expenses. However we all know of people who have managed to keep £thousands. You just put the cash in someone else account ( as long as you can trust them) or withdraw the cash and hide it somewhere.