Credit Reports Post BR

chelseadagger_3

Hi
Got home last night to find a letter saying I was early discharged on 11th July. Still doesn't seem real somehow, only went br on the 1st Feb.

Couple of questions - how long will it take for the insolvency register to update?

I have viewed my experian credit report online and it has updated the record on that, but it is only showing 3 creditors (Out of 8), do these take a while to update as well?

k2nga

You might want to make sure your addresses are correct or that you previous addresses are also on the report that might make a difference.

tigerfeet2006

Different agencies have different creditors. It depends which one the creditor reports to.You need to check all 3 agencies.

Check out this link for cleaning up your files.

http://forums.moneysavingexpert.com/showthread.html?t=677875

DEBT_23

Is it common to get discharged early ??

tigerfeet2006

Debt if your case is a simple one and the OR gets it all done and dusted quickly you MAY be considered for ED. But if they are busy then ED's get put to the bottom of the pile.

This is the process (with thanks to Phil)

The OR will firstly send 'report to creditors' this is normally done within 8 weeks of the making of the bankruptcy order (your appearance at court etc). It's the initial report from the OR that tells creditors (amongst other things) the reasons for the insolvency and the likelihood of creditors receiving any payments from the estate.

The OR's office must then wait 3 months before they can consider starting the ED process if they feel it is appropriate.

For the ED, you have 14+7 days to return the IPOQ (I&E questionnaire..this is sent to you from the OR office if your considered for ED) after which the OR can write to the creditors to say that they will be applying for the ED and request any objections.

The OR's office must then wait 28 +7 days to allow creditors to reply. Then if no valid objections have been received, the ED notice can be submitted to the court.

So the quickest the ED could happen (in theory) is 56-57 days after the you get the ED/IPOQ letter.
it often takes longer and can even be shelved at any stage if the office is too busy with new cases as ED is NEVER a guarantee...