Creditors unwilling to stop calling post Bankruptcy

debtinfo

The examiner will either recommend that further investigation is needed and the case gets passed to the investigation department or that it does not need further investigation and they just progress with dealing with assets and administration. It is entirely possible that you may not hear anything else until the end of the 12 months. The report to creditors is kept on file and anytime you update them that a creditor has passed a debt on they get added or amended on the creditor list and a copy of the report to creditors sent to them

Swampmonster

Swampmonster wrote: »

Send them a copy of your bankruptcy order straight away by recorded delivery.You can also tell any creditors you speak to whilst you are still on the phone to them to check the www.insolvency.gov.uk website to confirm the BR.
It is also essential you tell the OR if any debts are passed onto any debt collection agencies after BR as the debt will now be with them. The OR only sends the creditors report to the companies the debts are with at the time of BR. If the debt gets passed on they need to know so they can send them one too!

Best of luck

Swampmonster:)

Hi there

When I told you this i told you from experience because my debts changed hands in between going BR and the creditors report being written. It wouldn't have occured to me either, to tell them it had been passed to a DCA but the OR told me to. I too assumed it would be done automatically.

As regards to creditors reports i am very embarassed to admit that my mum is one of my creditors so received a creditors report.

Despite being BR nearly 5 months ago I could only bring myself to read this last week as I was terrified of what it would say.

It basically says the total debt and what catogeries loans, cards etc the debt falls into and the reasons for being insolvent.

It then asks the creditors if they know of any bad practises the bankrupt may have been involved in.

Thats basically it. It made me feel like sh*t again though especially with regards to my mum's debt.

Swampmonster

nixi

Oh joy,I shall be in the same position then, as my mother was my largest creditor.
I suppose that the only positive is that most people don't get to see the report at all.
As bad as it may be, I'd much rather know! Especially as it may give an indication of what the OR's intentions are for the rest of the period.
I don't know whether my nerves are up to the worry of not knowing anything for up to 12 months, always worrying that they may just be about to phone with bad news!
What are bad practises - are they asking the creditors to point out any gambling or spending habits?
Would there then potentially be another creditors report with any new information?
I'm just so worried.
Patience isn't one of my virtues... can you tell?

Swampmonster

I was grateful my mum showed it to me or I wouldn't have seen it otherwise but it did make me feel ashamed.

Bad practises are reclkess behaviour, gambling, giving preferential treatment to creditors etc, basically anything that could result in a rare Income Payment Order (IPO).

I honestly don't know if they ever issue another creditors report as I am just telling you my own experiences but logic would tell me there is the potential to issue another report or at least a letter if new information comes to light.

Chances are you shouldn't hear from the OR until four months have passed from the date of your BR which is the earliest they can CONSIDER you for an early discharge. Whether this is granted or not will depend on whether the creditors object or not.

Best of luck with your BR.

Swampmonster:)

debtinfo

Although rare as you have guessed if they uncover something which changes the situation drastically then they can issue another report to creditors, at the end they also send a closing notice to all creditors which is like a statement,all the income and outgoings.