Query re ED

Bino

Hi all

Just wondered your thoughts on the following.

I went BR over 7 months ago and recently
had contact from the insolvency office dealing with my
case to confirm some details on my original SOA.
They stated that they were looking to close the case.

Is this simply a matter of the insolvency office finishing their dealings
with it or a possible move towards ED?

It's hard to speculate but I would appreciate any thoughts.

IF

Hi Bino, It could be but as you say its so hard these days to say anything but we've got our fingers crossed for you.

Phil wrote this about the ED process and hope it helps a bit:-

philnicandamy wrote: »

ED process
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.

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 ED is NEVER a guarantee...

Best wishes
If...x

Bino

Thank you kindly for your help, If!