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 How long will I be bankrupt for?
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Nice Guy
Starting Member

United Kingdom
14 Posts

Posted - 01 May 2009 :  20:03:25  Show Profile  Reply with Quote
Prior to bankruptcy I spent a lot of money on foreign holidays. I am worried this will be considered "reckless" and that I will not be discharged after 1 year. Is this likely?

Niobe
Administrator



United Kingdom
4590 Posts

Posted - 01 May 2009 :  20:41:27  Show Profile  Reply with Quote
You will remain undischarged for up to one year. Unless the OR has decreed otherwise, you will just have an IPA (if you already have one).

The glimmer gets brighter all the time

Jan
xx
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tracy_b
Junior Member

United Kingdom
457 Posts

Posted - 01 May 2009 :  20:55:51  Show Profile  Reply with Quote
Hi,

I have just been dicharged early after 6 months and it was a real suprise. Dont worry too much over the money, the bankruptcy is an automatic discharge after one year or earlier but if they deem you 'reckless' they can give you a restriction which just means that you have the restrictions of BR but your no longer BR in the eyes of the courts.
Take Care
Tracy XX
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Nice Guy
Starting Member

United Kingdom
14 Posts

Posted - 02 May 2009 :  18:42:47  Show Profile  Reply with Quote
Thanks for the replies. It has put my mind at ease.
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