I have a question regarding UK bankruptcy. Person A is owed a substantial sum of money by Person B. Person B has established a COMI in the UK and has applied for bankruptcy there which will result in B's debts being written off (including that owed to A) in a year's time.
However the Statement of Affairs as issued by B's solicitors in support of the bankruptcy is riddled with errors - deliberate omission of assets, undervaluing of assets etc. in order to paint a bleaker picture than is reality. My question is what is the process for challenging the veracity of the Statement of Affairs and how seriously is this taken by the UK authorities - can the bankruptcy request be nullified as a result of the untruths?
Thanks
However the Statement of Affairs as issued by B's solicitors in support of the bankruptcy is riddled with errors - deliberate omission of assets, undervaluing of assets etc. in order to paint a bleaker picture than is reality. My question is what is the process for challenging the veracity of the Statement of Affairs and how seriously is this taken by the UK authorities - can the bankruptcy request be nullified as a result of the untruths?
Thanks