Types of bankruptcy offences and consequences

Bankruptcy offences are criminal offences. There are many different kinds of bankruptcy offences and you can be punished with a fine or be sent to prison for up to seven years for committing an offence.

Examples of such offences include:

  • Being dishonest or failing to disclose relevant information about your finances or property at any point throughout your bankruptcy;
  • Hiding any property worth £500 or more which should be handed over to the Official Receiver or trustee;
  • Getting credit of £500 or more without telling the lender about your bankruptcy;
  • Carrying on business under a different name from the one under which you were declared bankrupt;
  • Becoming a company director or holding certain positions without the court’s permission; and
  • Breaking any other restrictions that are placed on you during the bankruptcy period.

Consequences of committing a bankruptcy offence

Committal of an offence and consequences of the same will depend on where you are in the bankruptcy process. The more serious the offence, the more severe the punishment will be.

In addition you can have a bankruptcy restrictions order made against you, which will extend the period for which you have to follow restrictions for anything up to 15 years.

If you have or think you have committed a bankruptcy offence you should get legal advice as soon as possible.

Book an Initial Consultation with Expert Bankruptcy Solicitors and Barristers

We are a specialist City of London law firm made up of Solicitors & Barristers and are based in the legal heart of London in Middle Temple (one of the four prestigious barristers’ Inns of Court) adjacent to the Royal Courts of Justice. We are experts in dealing with matters surrounding bankruptcy including defending bankruptcy petitions; managing bankruptcy applications (including annulments); advising on bankruptcy petitions and offences; and liaising with the Official Receiver.  Whilst we are based in London we provide national coverage across all Courts in England & Wales. We offer free initial telephone advice on bankruptcy matters.

Our expert Bankruptcy Lawyers are able to give specialist legal information and advice relating to bankruptcy matters and connected applications. To contact one of our London solicitors or barristers please click here or call 0207 1830 529.

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