HOME  FORUM  MEDIA  EVENTS  ARTICLES  TV  BLOGS
•Home
Bankruptcy:
•Bankruptcy Information Center
•What is Bankruptcy?
•Is Bankruptcy right for me?

•How to declare Bankruptcy?
•What happens to my assets?
•Bankruptcy and credit rating

Forum:
•forum
•register
•search
•faq
•experts

Blogs:
•Bankruptcy News
•More...

Media Room:
•Press releases
•Media Coverage

Other:
•About BankruptcyHelp
•Links
•Contact us
•Debt Glossary
•Insolvency jobs


FORUM
  > Browse and post on our forum
Home   |   Profile   |   Register   |   Active Topics   |   Members   |   Search   |   FAQ

Welcome to our Forum, please register if you want to post
Ask a debt question
See the last 250 posts
Watch video on how to use forum
Username:
Password:

Save Password
Forgot your Password?

 All Forums
 archive
 Forum Questions
 what reasons would an early discharge be given
 New Topic  Reply to Topic
 Printer Friendly
Author Previous Topic Topic Next Topic  

m88
Junior Member



159 Posts

Posted - 01 September 2009 :  21:06:48  Show Profile  Visit m88's Homepage  Reply with Quote
what reasons would an early discharge be given ,or is it at the discreation of the OR.

jwmc77
Junior Member



United Kingdom
195 Posts

Posted - 02 September 2009 :  01:00:21  Show Profile  Reply with Quote
it is at the discretion of the er but, there's a good chance of one if you dont have an ipa, you've co-operated fully and there's no indication of fraud.

MAC
Go to Top of Page

m88
Junior Member



159 Posts

Posted - 02 September 2009 :  07:58:11  Show Profile  Visit m88's Homepage  Reply with Quote
thanks

Go to Top of Page

gettingoutofdebt
forum expert



2418 Posts

Posted - 02 September 2009 :  09:17:22  Show Profile  Reply with Quote
ED is at the discretion of the OR but the OR contacts your creditors and if one of them disagrees with the ED then it won't happen. The creditors need to give a valid reason to stop ED and not just 'we don't want this person to have an ED'.
Go to Top of Page

m88
Junior Member



159 Posts

Posted - 07 September 2009 :  15:09:36  Show Profile  Visit m88's Homepage  Reply with Quote
just got letter saying the inland revenue MAY issue a NT tax code to my employer,i work part-time and my tax is around £120 per month,is this likely to happen and if it does ,how long will IPA last and will this put a end to my hopes of a early discharge -cheers

Go to Top of Page

gettingoutofdebt
forum expert



2418 Posts

Posted - 07 September 2009 :  15:46:06  Show Profile  Reply with Quote
The NT IPA will last until the end of the financial year or when you change employers whichever is first. If the OR is still looking into your case and has contacted IR then it means your case hasn't been completed so ED won't be happening at the moment.
Go to Top of Page

xmas baby
Average Member



537 Posts

Posted - 07 September 2009 :  15:52:17  Show Profile  Reply with Quote
Just out of curiosity, why should it matter whether you have an IPA or not when determining an early discharge from BK?

An IPA continues for 3 years regardless, so surely this should have no effect on whether you should be given early discharge or not?

xmas baby
Go to Top of Page

gettingoutofdebt
forum expert



2418 Posts

Posted - 07 September 2009 :  16:41:35  Show Profile  Reply with Quote
I assumed M88 was talking about an NT IPA, which only lasts for the current financial year but the OR would normally want to make sure the IPA was properly implemented (i.e. you have signed the forms and made a payment) before closing your case. It would need to be the same with a NT IPA in that the NT Tax Code can only be implemented when you are BR so if the person is discharged before it is implemented then it probably can't happen.
Go to Top of Page
  Previous Topic Topic Next Topic  

 New Topic  Reply to Topic
 Printer Friendly
Jump To:
bankruptcyhelp.org.uk Forum © bankruptcyhelp Go To Top Of Page
Powered By: Snitz Forums 2000 Version 3.4.06