30th Week

nervousmother

I dont think there is any set rule regarding ED and assets, both me and OH had assets to deal with and he was/is self employed. They just seemed to squeeze what ever they could out of us then when realised they couldnt get anymore they let us go...

Matt1982

Thanks Dottydora just out of interest why would you have preferred to see the year out. I would of thought it be best to get discharged asap and then its all behind you quicker right?

Thanks and sorry if being to nosey.

dottydora

Matt1982 wrote: »

Thanks Dottydora just out of interest why would you have preferred to see the year out. I would of thought it be best to get discharged asap and then its all behind you quicker right?

Thanks and sorry if being to nosey.

I've sentyou a private message.

debtinfo

dottydora wrote: »

My understanding Matt is that some people, if their cases are simple (usually if they have no complicated assets etc) can be offered early discharge provided all the creditors are in agreement. Not everyone is offered this, it is down to the OR and how busy they are and as I said how complicated the case is or not! Hope that helps. After my ongoing difficulties I personally would rather have seen the year out!

Almost, slight change of wording, if not of the creditors have a justified objection, with the OR deciding what is justified. Very few objections are accepted. If it was left to the creditors no one would get an ED:D.

Generally the first call on ED is the OR. They can decide that because of pre bankrupty wrong doing that you are not elligable for ED at all.

Next if you are eligable, then they look at during bankruptcy co-operation, ie if you fail to co-operate ED is denied, so an incentive to co-operate and co-operate quickly.

next is if they have finished the investigations or any assets may be harmed by giving an ED. For instance an asset may be about to mature that would not be claimable if the person is discharged.

Next is creditor objections or an IP objection if you have an external trustee.

Finally is whether the office has timeto process it which has been happening more often recently.

so all in all there are many things to consider

chux_2

@debtinfo alot has been said about the OR not having. Could you explain this? Are they inundated with brs? On average how long does it take to deal with a no assets br?