| T O P I C R E V I E W |
| gjm68 |
Posted - 13 November 2010 : 03:40:21
I have known people to get early discharge after 7 months. I know this is not an automatic thing and something the OR has to apply for. I also know that if the bankruptcy is simple (no assets to dispose of) then it can be resolved in six months.
Does anyone know whether it would do me any harm to contact the OR after six months and ask whether he is happy to request an early discharge?
I don’t know whether asking would make the OR think you are have something up your sleeve and not apply out of spite.
thanks
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| 10 L A T E S T R E P L I E S (Newest First) |
| xmas baby |
Posted - 17 November 2010 : 12:26:35
Hi there,
As Tracy says, it's not worth stressing out about early discharge. 12 months isn't a long time and although my case was straighforward, I still did the full 12 month term. As far as worrying about your debts, these should no longer be a problem once you are bankrupt anyway, regardless of whether you get a early discharge or not.
xmas baby |
| Richard P |
Posted - 16 November 2010 : 12:59:35
the year flies by.
Richard |
| Skippy |
Posted - 14 November 2010 : 17:54:56
I would say to anyone thinking of going BR that they should expect to be BR for 12 months and not to stress about ED. If it happens it's great, but if it doesn't it's not worth stressing about it.
View my blog at http://skippy13.blogs.iva.co.uk/
Only when the last tree has died, the last river has been poisoned and the last fish has been caught will we realise that we cannot eat money.
Last IPA payment made on 28th June 2010 - it's over at last! |
| gettingoutofdebt |
Posted - 14 November 2010 : 17:14:29
If your case is straightforward then you may get an ED anyway. Don't forget that you aren't always informed by the OR if you do have an ED as this happened to me.
I received a letter from the OR about 5 months into my BR saying that my case had been transferred to the RTLU. I didn't have any assets and had already set up my IPA. I was expecting to be contacted by the RTLU to complete another I&E if I was going to be getting an ED but didn't hear anything so assumed that I would be getting an AD after 12 months. I happened to be checking the Insolvency Register a couple of months later and it showed that I had received an ED 3 weeks previously. I didn't receive any information from the RTLU or OR regarding the ED so they won't always contact you.
6 months is probably the earliest that you can expect an ED but it doesn't do any harm to check the Register every couple of weeks. |
| gjm68 |
Posted - 14 November 2010 : 15:13:04
thanks for the advice.
I have no assets so my case should be fairly straight forward. I went bankrupt because of having to give up work due to illness. I know a year is not that long but the debts and backruptcy are contributing to my health. The sooner this is over the better. |
| Bigal4787 |
Posted - 13 November 2010 : 11:01:33
Hi gjm68
so you're aware, the ED decision is made by the examiner who interviews you whether it be face to face or over the phone, then it has to be approved by the OR, but I never had one knocked back.
Any decision for ED is always made on the circumstances and what led to your insolvency, generally illness, unemployment and giving up work to care for a relative. My advice would be not to phone the OR asking for ED, as the ones(not many) who phoned me asking for it never got it so as the other posts said don't rock the boat!
Big Al |
| gettingoutofdebt |
Posted - 13 November 2010 : 10:34:40
Contacting the OR for an ED probably isn't a good idea. They already have enough to do and 12 months is not a long time for BR. |
| Skippy |
Posted - 13 November 2010 : 10:11:00
When I was BR the advice was not to contact the OR regarding ED - if it happens it happens, if not then you are BR for 12 months.
My case was a simple one and I didn't get ED, but to be honest it didn't make much difference.
View my blog at http://skippy13.blogs.iva.co.uk/
Only when the last tree has died, the last river has been poisoned and the last fish has been caught will we realise that we cannot eat money.
Last IPA payment made on 28th June 2010 - it's over at last! |
| Housing |
Posted - 13 November 2010 : 09:40:45
I agree with Blackie.
Many people are having ED these days. They tend to be the straightforward cases.
I suggest that you leave it to the OR to decide, do not pester the OR - you want him/her to be your friend!
At the end of the day - 12 months is NOT a long time...
Good luck, Richard
"There are no problems - only solutions" |
| Blackie |
Posted - 13 November 2010 : 08:58:42
Hi GJM
I think that the simple answer is not to rock the boat and leave things as they are. The OR will contact you about early discharge, if necessary. As you so rightly say, you could be tempting fate!
All the best
John Blackadder |
