Bankruptcy Law (Scotland)

[albaqwerty]

I presumed that when you declared yourself bankrupt, and have filled in the approoriate form and paid the Bankruptcy Body, (whatever they are called)
that negated any prior payment plans to the creditors.

Is this correct or do you have to stick to the agreement until you get the certificate of bankruptcy?

[EcclesCake]

I haven't a clue but I thought I'd give you a little bump:-)

[Psybbo]

I don't know either Albs but see if this link helps xx
http://www.dacscotland.co.uk/bankruptcy/

[Peter Pedant]

I dont know either BUT
I would have thought that your bankruptcy dates from the time the form is stamped
and NOT when you receive it - or else those who miss the post - are never bankrupt ( I dont think so )

and when you are bankrupt - you dont have any money to pay it, do you ?
all your goods are the receivers ....

[sherrardk]

Hi, from what I remember you submit your application and then have to go and see a judge. The judge is quite stern (as they should be) and that is the date your bankruptcy starts from. We went bankrupt as a business partnership so it was quite complicated. We had to have a meeting with the official receiver and they were so nice - I expected some sort of telling off, but they were really kind and nice. I kept crying (mixture of all sorts of emotions plus four week old twins). They do not take your possessions or have any call on them, including any vehicle you might have. They are not horrible or judgemental (although I sort of wished at the time that they had been, almost like I thought we deserved it). Money doesn't get any more plentiful but the stress does go to some extent, it was replaced by guilt in my case but it was better than the stress, this wasn't Scottish law though. It will be ok, might not seem like it at the moment, but you will, xxx

[Jeza]

Sher, what a good person you are.