Bankruptcy Can Be a Fresh Start – But Only For Those Who Cooperate!
3rd March, 2017Bankruptcy gives debtors the chance to wipe the slate clean and make a fresh start – but such opportunities are only open to those who cooperate with creditors: the law is tireless in its pursuit of those who do not. That point was made by one High Court case involving a debtor who was threatened with imprisonment for repeatedly failing to disclose details of his finances. Sixteen years after he had been made bankrupt, the man remained undischarged due to his failure to give appropriate assistance to his trustee in...