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| cantcope |
Posted - 01 December 2010 : 19:53:33
Hi,just looking for some advice.I was declared bankrupt earlier this month and have received a letter to say i dont need a interview with the OR,i have filled in the tax and data protection forms and as of yet i havent heard anything else ,apart from that my car is exempt.What should i expect to be happening now?? The Insolvancy clerk mentioned a possibility of early discharge but we havent even had an I&E questionaire yet!!(is this normal).Thanks for your time |
| 3 L A T E S T R E P L I E S (Newest First) |
| Bigal4787 |
Posted - 02 December 2010 : 13:02:01
Hi,
as what is called in your case a debtor petition(i.e you made yourself bankrupt) they are generally referred to as simple cases, that require very little work,thus why you haven't heard anything.
The only things you should expect is a letter from the OR advsing that your car is exempt from the proceedings(unless you've had one already), and that you are responsible for ensuring it is taxed and insured. The other will be the IPOQ questionnaire, which if you will be getting ED can be anything from 3 - 6 months after bankruptcy.
The thing to understand with debtor petitions, is that during my time with the OR, we had to process them as quickly as possible, due to dealing with more complicated creditor petitions(i.e people made bankrupt by a creditor), and more complicated debtor petitions, such as buy to let landlords, so the fact that you haven't heard anything is nothing to worry about.
By the examiner saying yours is a straightforward case, indicates to me that the OR will not be investigating your financial affairs further. I had cases where people had multiple credit cards, loans etc amounting to well over £100,000, the most they got was no early discharge, so again the reason it is quiet, is that the OR has no reason to contact you, enjoy a debt free christmas!
Big Al |
| cantcope |
Posted - 02 December 2010 : 01:40:56
Thanks Big al, my worry was that i thought everyone needed to fill in a new SOA soley for the official receiver,or is that just if you get early discharge ??Should i just carry on as normal,he did say my I&E looked ok when i spoke to him but another insolvancy clerk advised me that id need to do a questionaire and my I&E would be decided off.But i havent received the questionaire and thats why i havent received a letter confirming my expenditure as being ok...im pretty confused, he did say it was a straightforward case but it just seems too quiet and i dont know whats going on and what too expect ?/ Anymore advice ,what will be happening now,will he be investigating my bank account etcote]Originally posted by Bigal4787
By the sounds of it yours is a straightforward case, thus why you don't need an interview. Your I&E will have been done from your SOA, so no IPA. If you will be getting Early Discharge, you will get an IPOQ(income payments questionnaire)prior to discharge, which you must complete if you want ED, otherwise you'll do the full 12 months(no hardship).
If you haven't heard anything don't worry.
Big Al
[/quote] |
| Bigal4787 |
Posted - 02 December 2010 : 00:22:59
By the sounds of it yours is a straightforward case, thus why you don't need an interview. Your I&E will have been done from your SOA, so no IPA. If you will be getting Early Discharge, you will get an IPOQ(income payments questionnaire)prior to discharge, which you must complete if you want ED, otherwise you'll do the full 12 months(no hardship).
If you haven't heard anything don't worry.
Big Al |
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