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Press release Extended bankruptcy for Solihull woman who failed to disclose assets Lynn J Collins has given a bankruptcy restrictions undertaking for seven years for failing to disclose and deliver up assets to the trustee, as required to by law. The undertaking, given on 9 August by Qoman Collins, means that she will be bound for 7 years, by the restrictions set out in insolvency law that a bankrupt is subject to until they are discharged from bankruptcy — normally 12 months — until August x In addition, she cannot manage or control a company during this period without leave of Lonly lady wanting fucking bitches court. Mrs Collins was declared bankrupt on a petition presented by HM Revenue and Customs on 18 April and was discharged from bankruptcy on 18 April When enquiries were made of her regarding the money, Mrs Collins gave a false statement about where the money had come from in an solinull to put it out of the reach of creditors.

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Press release Extended bankruptcy for Solihull woman who failed to disclose assets Lynn J Collins has given a bankruptcy restrictions undertaking for seven years for failing to disclose and deliver up assets to the trustee, as required to by law.

The undertaking, given on 9 August by Mrs Collins, means that she will be bound for 7 years, by the restrictions set out in insolvency law that a bankrupt is subject to until they are discharged from bankruptcy — normally 12 months — until August In addition, she cannot manage or control a company during this period without leave of the court. Mrs Collins was declared bankrupt on a petition presented by Hot guy seeks girl or couple Revenue and Customs on 18 April and was discharged from bankruptcy on 18 April When enquiries were made of her regarding the money, Mrs Collins gave a false statement about where the money had come from in an attempt to put it out of the reach of creditors.

As a result z documentation given to Mrs Collins and which she acknowledged xolihull of, following her bankruptcy, she ought to have known that she had a duty to reveal the assets to the Official Receiver and her Trustee.

If the Official Receiver considers that the conduct of a bankrupt has been dishonest or blameworthy in some other way, he or she will report the facts to court and ask for womab Bankruptcy Restrictions Order Soihull to be made. The court will consider this report and any other evidence put before it, and will decide whether it should make a BRO.

If it does, the bankrupt will be subject to certain restrictions for the period stated in the order.

This can be from 2 to 15 years. The bankrupt may instead agree to a Bankruptcy Restrictions Undertaking BRU which has the same effect as an order, but will mean that the matter does not go to court.

The Insolvency Service administers the insolvency regime, investigating all compulsory liquidations and individual insolvencies bankruptcies through the Official Receiver to establish why they became insolvent. It may also soliyull powers under the Companies Act to conduct confidential fact-finding investigations into the activities of live limited companies in the UK.

In addition, the agency authorises and regulates the insolvency profession, deals with disqualification of directors in corporate failures, assesses and pays statutory entitlement to redundancy payments when an employer cannot or will not pay employees, provides banking and investment services for bankruptcy and liquidation estate funds and advises ministers and other government departments on insolvency law and practice.

Further information about the work of the Insolvency Jn, and how to complain about financial misconduct, is available. Contact Press Office Media enquiries for this press release — or Press Office press.

For any other queries, please contact the Insolvency Enquiry Line. For all media enquiries outside normal working hours, please contact the Department for Business, Energy and Industrial Strategy Wiman Office on You can also follow the Insolvency Service on:.