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godfer
Starting Member
United Kingdom
40 Posts |
 Posted - 12 January 2012 : 21:34:05
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Hi all,
it's 10 months since my bankruptcy. Can you please tell me: What (in terms of the 'mechanics') will happen as my bankruptcy comes to a close; what 'contact' etc., should I expect?
Thanks in advance,
Godfer
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 12 January 2012 : 22:16:19
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Hi godfer - your bankruptcy should be automatically discharged in a couple of months - keep checking the register and when you do show up as discharged, print off a few copies of that in case you need them.
Do you have an IPA?
Follow through
Make your dreams come true
Don't give up the fight
You will be alright
'Cause there's no one like you in the universe
Jan
xxx |
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godfer
Starting Member
United Kingdom
40 Posts |
Posted - 12 January 2012 : 22:32:02
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I do have an IPA, suspended 3 months ago after a drop in disposable income. Will I receive contact/notification from OR/RTLU as my anniversary approaches?
ta,
Godfer |
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 12 January 2012 : 22:45:44
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If it's an automatic discharge then you won't receive anything so need to keep an eye on the register so you can print that discharge notice out.
I think, but I could be wrong, that if you have no IPA in place once you are discharged, they cannot impose one afterwards.
I do stand to be corrected though.
Follow through
Make your dreams come true
Don't give up the fight
You will be alright
'Cause there's no one like you in the universe
Jan
xxx |
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Viki.W
forum expert
United Kingdom
2211 Posts |
Posted - 13 January 2012 : 08:10:08
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Hi Godfer,
As Jan said, check the insolvency register at the 12 months mark and print off a few copies showing your discharge.
You need to inform the OR of any changes in your income and expenditure for 36 months after your first IPA payment.
Viki Warbrooke
Vincent Bond & Co
If you would like free advice on all options available and help with your bankruptcy petition please contact me at http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
Please read my experience of debt via my blog at http://vikiw.blogs.iva.co.uk/ |
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godfer
Starting Member
United Kingdom
40 Posts |
Posted - 13 January 2012 : 11:07:20
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Thanks for this...shall check the Register on and around the Anniversary date for discharge as advised.
In respect of the IPA, a response offered on this forum (on a question of IPAs and suspensions) indicated that if under suspension at the time of discharge, any IPA would most likely lapse. Interesting time ahead methinks!
Godfer |
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debtinfo
forum expert
2826 Posts |
Posted - 13 January 2012 : 11:38:20
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| Once you have an IPA started you have to inform the trustee for 36 months even if it is suspended, only if it was officially terminated would you not have to and that doesn't happen very often |
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10 months out
