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The Bankruptcy Service Case Study Example: Your Past Financial Affairs

The following bankruptcy case study is a fictitious example, designed to help you understand working situations where bankruptcy is and isn't appropriate.

How far back will an official receiver dig?

I’m thinking of applying for a bankruptcy, but was wondering how far back into my financial history will my official receiver delve?

It’s variable, as the official receiver will look into whatever is necessary, and pertinent to your bankruptcy petition – so it could be 5-6 years, or it could be much less. There is no set answer. Basically, they are just checking that your asset list and your financial situation is as you say it is, and that there is nothing hidden.

Free debt counselling and advice is also available from the Money Advice Service available at: doesn't charge a fee for its bankruptcy service, but receives remuneration from the partners that we work with in order to keep operating. Those partners must charge a fee to the customer to likewise cover operational costs, and this amount will vary depending on the solution offered, and the terms of the parner. For details of these terms, please refer to the website of the organisation dealing with your bankruptcy. Upon application with, we will forward your information on to one of our specialist debt partners. You will then be contacted, and you will be able to explain your case, and expert advice will be offered in order to ascertain the most appropriate debt solution.