Early Discharge

dalip

Congrats ADC:D

fermi

Addicted2Chocolate wrote: »

thanks fermi. I am ging to ask OR about this! He wont like it, hes old school!
I am off for a nap now, have awful morning sickness.

Thanks.

As said, I wouldn't be too surprised if this was another proposal that got "shelved". :rolleyes:

Hope you feel better soon, and CONGRATULATIONS.

Merry_Gentry

Addicted2Chocolate wrote: »

thanks fermi. I am ging to ask OR about this! He wont like it, hes old school!
I am off for a nap now, have awful morning sickness.

Thanks for the heads up regarding ED, and congratulations - try ginger (biscuits, tea, etc ) or crackers for the morning sickness :beer:

fermi

Did find this in an old (2007) IS report re: the implementation of the The Enterprise Act

There is probably something more recent but the site s a maze.:rolleyes:

The discharge provisions of the Act have been successful in removing discrimination against ‘second-time’ bankrupts (judged to be non-culpable who have fully co-operated with the Official Receiver) and have sped up the process of suspending the discharge of a bankrupt due to non-cooperation where a trustee other than the Official Receiver has been appointed.

However, the prompt rehabilitation of bankrupts (judged to be non-culpable who have fully co-operated with the Official Receiver) has been hindered by a bankrupt’s restricted access to the financial market, which has not improved due to lack of change in lenders’ policies. Further, the stigma associated with bankruptcy has not reduced. The evaluation has also identified that although the reduced automatic discharge period has contributed to the prompt rehabilitation of bankrupts, the early discharge provisions may not add any extra benefit.