Can anyone tell me - is it possible to have an early discharge from bankruptcy and have an IPA in place? Or does the fact that you have an IPA mean that you will remain bankrupt for the full 12 months?
It's at the discretion of the OR. If it's a simple case and they have finished their investigations then they may put you forward for OR. The creditors can object (I know someone it happened to) although I think that this is quite rare.
My advice to anyone going BR would be to expect to be BR for the full 12 months, and treat ED as a bonus.
I have read many of the posts on this site and it strikes me that we all have so many questions to ask and there is so much worry and anxiety about! It almost feels sometimes like we are in the dark ages - honestly if it wasn't for this board giving helpful snippets of information and answers to sometimes very simple questions, we'd have few places to go where we could safely ask questions which might reveal our ignorance of how the powers that be operate the system. It feels like the 'mushroom' principle (if you get my drift!!) is well and thriving in the Insolvency Service!
For example, recently the investigator of my case said she was handing over to an administrator with whom I should correspond in the future. In any other walk of life I would have received a copy of her report that she must have prepared for the OR - it wasn't even mentioned and - irrationally I know - I'm too frightened to ask in case it stirs up something else which results in more stress and anguish! Dreadful!
Is this other people's experience???
Frankly I have found the whole process of bankruptcy intimidating and my experience has been a complete nightmare!
Sorry, that was a bit of a rant - apologies - I must be feeling 'got at' - again!!
Thank you for your replies though - I really appreciate them.
I supported my hubby through a failed IVA and then BR - he had ED 9 months after being made BR. Still have the IPA in place, but over a third of the way through.
We found the whole BR process easy, but that was probably down to the fact we had experienced so many difficulties in the IVA and had the benefit of advice & experience from the IVA forum.
IPA and early discharge from br?
Posted - 18 August 2010 : 12:21:35
