I WAS declared bankrupt in 2015 and discharged the following year. I’m now told that the trustee in bankruptcy is entitled to any money or assets I have made. Is this correct? Your discharge from bankruptcy means you are released from liability to meet the debts that led to your bankruptcy. The trustee will still own any assets (subject to any statutory exceptions) or cash you owned at the time you were declared bankrupt. Being discharged does not mean you can reclaim those assets. Indeed trustees will often come after your share of the matrimonial home after you have been discharged from bankruptcy, although the trustee only has a limited time period for that. Any assets you have bought since your discharge will be your own, however, unless it can be shown they were purchased with money that was not declared and which you owned whilst you were bankrupt.
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