International Bankruptcy and Insolvency Search

Why conduct a global bankruptcy search?

The Law Society advises personal representatives to conduct a bankruptcy search against the name of each beneficiary before distributing an estate.

To quote from the practice note in question: “Personal representatives who make a distribution out of the estate of a deceased person to a bankrupt beneficiary may be making the distribution to the wrong person.” This practice note advises solicitors who make distributions out of a deceased person’s estate to ensure that they distribute in the correct way where a potential beneficiary is bankrupt.

The note goes on to point out that in cases where the bankrupt puts the assets beyond the reach of the trustee in bankruptcy, “there is a real risk that the trustee in bankruptcy, on behalf of the bankrupt’s creditors, will claim compensation against the personal representatives.”

Why choose Anglia Research?

In the UK, checking the status of a bankrupt person is fairly straightforward and in cases where there are only a few heirs an administering solicitor or personal representative may wish to conduct the search themselves, using the UK government bankruptcy and insolvency register.

However, many estates are shared between a large number of beneficiaries and then you may wish to delegate the task to us.

 

Where beneficiaries are resident overseas, things become much more complicated, and this is where our experience really pays off.

 

Having conducted bankruptcy searches in foreign territories for many years, we have a vast practical knowledge of what is involved. Each jurisdiction has its own rules and terminology, and stores bankruptcy records in different ways – some much less accessible than others.

The majority of bankruptcy searches that we offer are available on a fixed-fee basis. To obtain a quote please do get in contact with us via legal@angliaresearch.co.uk.

To formally instruct us, please provide us with the full name, date of birth and address of the subject(s) in question. (For searches in the United States of America, please also supply the Social Security Number).

Here when you need us.