Response to Bankruptcy and relocation

I would check with your local CAB, but I think that if you dispose of a major asset just prior to a bankruptcy filing, it contravenes some Law or other and gets you into hot water. As for the penalty amount, the Official Receiver will probably allow this to be added to the amount you owe under the bankruptcy. Be aware, however, that they will not consider you having a 15 month old as reason enough for you not to work. Despite childcare costs, you are considered available for employment and they may refuse to allow the bankruptcy on the grounds that you actually could work. When my delightful ex left me in massive debt, I took advice on this bankruptcy route and was told that even though I had two tiny children, I could work and earn reasonably well, childcare costs aside (nearly 900 pounds a month at the time). They looked at my potential earnings and added what was to be non-existent child support payments and decided I could survive. I was advised that the judge would not agree to me becoming bankrupt because the [ridiculously long term] potential to clear the debts was there. I wish you luck, however - perhaps things have changed in the last eight years.

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