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 How likely is it that i will get an autodischarge		  New Topic  Reply to Topic
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taraog
Starting Member

United Kingdom
5 Posts
Posted - 10 February 2011 :  14:13:57  Show Profile  Reply with Quote
How likely is it that i will get an autodischarge from bankruptcy. I had to go bankrupt due to a failed business therefore the dept where quite high

Richard P
Senior Member



United Kingdom
1701 Posts
Posted - 10 February 2011 :  14:27:07  Show Profile  Reply with Quote
Hi Taraog

early discharge depends on area and OR

auto discharge after a year nearly automatic unless you do not cooperate with OR.

IPA yes as a previous high earner they would expect you to be looking for work of similar ilk and receive 3 yr IPA.

The amount is of no real relavance, if you cannot pay a debt of £10 when it is due you are potentially insolvent !

Richard
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