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Early Discharge - What does this mean?

Izabel
Izabel Posts: 108 Forumite
in Bankruptcy & living with it
Hi

I’ve just received a letter this morning saying I got early discharge as of 29th January 2009.

I got all excited but then realised I have no idea what this changes.

What can I know do that I couldn’t do before?

Also is it likely that partners get discharged close together as my partner hasn’t heard anything about getting discharged early.

Comments

  • tigerfeet2006
    tigerfeet2006 Posts: 14,030 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    It literally means you are discharged from your BR. You are no longer bound by the restrictions that it places on you and if you have no IPA you no longer have to tell the OR of any changes in income.

    Unfortunatly because you have got ED it does not necessarily mean your OH will get one. Quite often we see on here that if one gets ED then the other goes full term.
    BSCno.87
    The only stupid question is an unasked one
    Loving life as a Kernow Hippy
  • paul16o
    paul16o Posts: 54 Forumite
    I got an early discharge and my husband reiceved his two weeks later even though we were made BR in the same court hearing, and owed about the same amount of money.
  • Izabel
    Izabel Posts: 108 Forumite
    So if I got a job I wouldn't have to tell them? (I have no IPA)

    Can I now get a car (if I can save some money)
  • fermi
    fermi Posts: 40,542 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker Rampant Recycler
    Izabel wrote: »
    So if I got a job I wouldn't have to tell them? (I have no IPA)

    Nope!
    Izabel wrote: »
    Can I now get a car (if I can save some money)

    Yep! :)
    Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB

    IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed
  • Izabel
    Izabel Posts: 108 Forumite
    What can I read that tells me all the do's and don'ts?
  • tigerfeet2006
    tigerfeet2006 Posts: 14,030 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    If you are discharged then there is no do's or don'ts :D , so no worries there.

    For your OH have a read here.

    http://www.insolvency.gov.uk/pdfs/guidanceleafletspdf/guidetobankruptcy.pdf
    BSCno.87
    The only stupid question is an unasked one
    Loving life as a Kernow Hippy
  • Izabel
    Izabel Posts: 108 Forumite
    OH got his letter yesterday.

    If you were to come into money now £500 or £2000 would we then have to notify them?
  • startagain_2
    startagain_2 Posts: 2,135 Forumite
    Izabel wrote: »
    OH got his letter yesterday.

    If you were to come into money now £500 or £2000 would we then have to notify them?


    No - it is over and done with..... Congratulations! .

    SA
    2011 - New year, New start, New me
    [STRIKE]Planning on [/STRIKE] making my dreams a reality
  • nervousmother
    nervousmother Posts: 2,885 Forumite
    Part of the Furniture Combo Breaker
    what if you have a IPO, would you have to notify them if you came into some money after discharge? say if your wages increased, unexpected bonus or lottery win? (i wish)
  • tigerfeet2006
    tigerfeet2006 Posts: 14,030 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Yes, if you are in an IPA/O then you still have to inform them of any change in circumstances until the 36 months has run it's course.
    BSCno.87
    The only stupid question is an unasked one
    Loving life as a Kernow Hippy
This discussion has been closed.
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