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 bankruptcy postbag for june
 early discharge
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henrytc
Junior Member

United Kingdom
194 Posts

Posted - 05 June 2008 :  22:40:28  Show Profile  Reply with Quote
I have just received a letter saying i have been discharged early from my BA. does this mean if i win the lottery i can keep it ??. what rights do i now have. will i still loose my home.

m and v
Average Member



United Kingdom
760 Posts

Posted - 06 June 2008 :  07:13:37  Show Profile  Reply with Quote
Good news henrytc!
I will let one of the BR assist experts respond to you before you rush out and buy a lottery ticket.

Once discharged you are nolonger held under the restrictions of BR, your credit record is still affected for the remainder of the six years, but other restrictions are ended.

Hang on for another expert to clarify about your home.



Vicki x
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JulianDonnelly
Junior Member



United Kingdom
325 Posts

Posted - 06 June 2008 :  10:10:52  Show Profile  Visit JulianDonnelly's Homepage  Reply with Quote
Hi Henry,

If you've been discharged from BR and not subject to an IPO/IPA, then yes you can win the lottery and there's nothing the OR can do. Be a bit of a kick in the pants to win it now when it would have helped a lot more 18 months ago :)

Regards

Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk
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henrytc
Junior Member

United Kingdom
194 Posts

Posted - 06 June 2008 :  19:21:08  Show Profile  Reply with Quote
IPA is that the monthly payment i have to make forthe next 3 years
thanks for the help
TRACEY
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JulianDonnelly
Junior Member



United Kingdom
325 Posts

Posted - 07 June 2008 :  16:12:22  Show Profile  Visit JulianDonnelly's Homepage  Reply with Quote
Hi Tracey,

Indeed it is.

Regards

Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk
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