If you fully co-operate with your Trustee, the length of Bankruptcy will only last for three years, although it can be extended to five or eight years in certain circumstances.

There are a number of ways in which your bankruptcy can be extended to five or eight years; here are some of the ways this can happen:

BANKRUPTCY EXTENSION TO 5 YEARS

  • Make a knowing void transfer against the trustee, undervalue items
  • Continued to direct a business
  • Engaged in misleading conduct
  • Fail to disclose to the trustee, a liability that existed at the date of bankruptcy
  • Fail to notify a change of address or contact details
  • Fail to advise your trustee of any material change to the information disclosed on your statement of affairs
  • Fail to attend a creditors’ meeting without written approval from the trustee
  • Fail to attend an interview or examination
  • Fail to disclose any beneficial interest in any property

BANKRUPTCY EXTENSION TO 8 YEARS

  • Make a void transfer against the trustee
  • Fail to provide details of property and income when requested
  • Deliberately providing false or misleading information to the trustee
  • Fail to disclose detail of income or expected income
  • Fail to pay contributions
  • Fail to adequately explain how money was spent or assets were disposed of
  • Fail to disclose a liability that existed at the date of bankruptcy
  • Fail or refuse to sign documentation when required
  • Failing to disclose to the trustee, a beneficial interest in a property
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