Early Discharge??

seenthelight_3

Hi,
My partner declared BR 31 March 08 and myself 01 April 08, both received last Thursday forms to complete for early discharge!
We are sooooooo happy that they might consider us and it was earlier than we thought from reading the posts on here. Now we have the forms completed and posted back recorded delivery thid morning does this mean we will be discharge early or still wait and see.
How long roughly does it take from this point?

Thanks for your help x x

skylight

It still does not mean that you will get the ED - likely, but not definite! And there is no set time-scale, sorry!

Keep checking the register. http://www.insolvency.gov.uk/eiir/IIRMasterPage.asp and lets hope its sooner rather than later!

philnicandamy

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 (which is whats happened with you)
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 skylight said though ED is NEVER a guarantee...