Working with an official receiver

The golden rule is never to ignore the official receivers. They are working within the law and are permitted by the court to get the information from you. If you decline to this, you are taken before a court of law. This is another start of a lawsuit which can drag you down even more. If you are a company manager, you can even lose credibility as a manager in future. The official receiver does not take much of your time normally and you can finish up the procedure in a very short time. All you need is to work with the court officers and provide as much information as you are required to do. The office is normally full of such cases and you can do well if you do not dilly dally in your process. It is for your own good. If you are handling a bankruptcy case with the official receiver office, it will be able to meet the three year period with added days on top.