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panason1c
New Member
50 Posts |
 Posted - 20 March 2013 : 18:35:28
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Hi, I was made bankrupt in May/2012 and as May/2013 approaches i would like to know what is involved in the lead up to my potential discharge date?... Am i automatically dischaged or will i receive paperwork, etc prior to discharge?
Thanks. |
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Richard P
Senior Member
United Kingdom
1701 Posts |
Posted - 20 March 2013 : 18:46:04
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Very little
at about the 6 - 9 month mark the OR will normally ask for a new income and expenditure Just to confirm that you will not be getting an IPA (income payment agreement)
some regional offices will conclude your file / enquiries early and write to you with offer of an early bankruptcy discharge.
Do NOT call or pressurise the OR for early discharge
at the stroke of midnight you check the insolvency register and it will automatically be updated. Print off a number of copies
That is it , you are discharged and debt obligations free
bit of an anti climax really
Good Luck Richard,
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 20 March 2013 : 19:07:54
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| Good luck panason1c - hope your discharge goes through ok. |
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panason1c
New Member
50 Posts |
Posted - 21 March 2013 : 21:10:42
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| Many thanks, i'll let you know what happens. |
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panason1c
New Member
50 Posts |
Posted - 01 April 2013 : 19:10:25
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| Just 5 weeks, or so, to my discharge date on the 8th May and i've not had anything from my OR.........could my discharge happen without any prior contact from the OR or will i definitely hear from them before my discharge date? |
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 01 April 2013 : 20:24:12
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If it's an automatic discharge then you won't hear anything at all. On the day of discharge then check the Insolvency Register to make sure it is on there. I'd recommend that you print off the notice in case you need it in future.
I take it you have no IPA in place? |
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panason1c
New Member
50 Posts |
Posted - 01 April 2013 : 20:54:16
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No ipa, my income is low so i have a tax NT code and pay any
estimated tax due to moonbeever. What is the criteria for automatic discharge? |
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 01 April 2013 : 21:57:38
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Automatic discharge will occur twelve months after the date of BR. As you have no IPA then that will be it.
The BR will be on your credit record for six years since the date the order was applied.
You should go back onto normal tax code this next tax year. |
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panason1c
New Member
50 Posts |
Posted - 02 April 2013 : 05:25:45
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Thank you for all replies.
Regards. |
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 02 April 2013 : 07:33:39
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| Good luck and let us know how you are getting on. |
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panason1c
New Member
50 Posts |
Posted - 08 April 2013 : 10:40:27
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| Just received notice from moonbeever that they have received my last payment due to them and they have now returned my file to the OR for a 'final review'. |
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 08 April 2013 : 12:08:08
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| Looks as though it could all be over soon. |
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panason1c
New Member
50 Posts |
Posted - 16 April 2013 : 11:06:57
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My bank told me i need to update the credit reference agencies when i am discharged next month (hopefully), exactly how do i do this please?.........do i have to subscribe to them first?
Thanks. |
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 16 April 2013 : 11:21:15
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The BR will remain on your credit record for six years from the date of the BR, there is nothing you can do about that.
If you wish to inform them that you have been discharged then you can do so for a fee of £2 to find out what is on there - Call credit, Equifax and Experian. You can always send a copy of your discharge off to them so they know that you have been discharged.
The friend in my adversity I shall always cherish most. I can better trust those who helped to relieve the gloom of my dark hours than those who are so ready to enjoy with me the sunshine of my prosperity. – Ulysses S. Grant
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panason1c
New Member
50 Posts |
Posted - 29 April 2013 : 22:21:57
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| 9 days to go to automatic discharge, still not heard anything from the OR, looking good, so far......... |
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Richard P
Senior Member
United Kingdom
1701 Posts |
Posted - 29 April 2013 : 22:31:39
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nail & board up the mailbox !
the OR does not normally work weekends and you have a bank holiday so that eats uptime
it is also midnight going into the day you petitioned for bankruptcy that the year ends.
I think you can say the big lady is doing her final warm up and approaching the arena before she sings..
Good Luck Richard,
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Topic |
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Hi, I was made bankrupt in May/2012. What is involved in the lead up to discharge ?
