We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
whats the earliest discharge date?
kw899899
Posts: 68 Forumite
hi i know bankruptcy lasts for a maximum of 1 year. however what is the quickest anyone has been discharged? tahanks
0
Comments
-
The earliest possible discharge is just over 5 months.
The Official Receiver has several set periods to work to during your BR, and it is these that result in this minimum time.
Early discharge is not guaranteed, even in simple cases, since if the OR's office is busy with new cases their resources have to be used to process these.Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB
IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed0 -
I was made bankrupt on 19 Dec 2006, if all goes to plan (fingers crossed!!!!) I will be discharged on thursday 7th June 2007. That makes it 5 months and 19 days...I think!Fight for clean hospitals, C-DIFF takes lives
Baby number 2 due 27th March 2009!:j0 -
The earliest possible discharge is just over 5 months.
The Official Receiver has several set periods to work to during your BR, and it is these that result in this minimum time.
Early discharge is not guaranteed, even in simple cases, since if the OR's office is busy with new cases their resources have to be used to process these.
Also if you do not surrender to proceeding then your discharge can be suspended indefinately.
ps - thats me done in this place !I am only going to make 40 posts, then I am off.0 -
Early discharge procedure set out by the Insolvency Act and Enterprise Act. 5 Months minimum.
http://www.insolvency.gov.uk/freedomofinformation/technical/casehelpmanual/Discharge%20from%20Bankruptcy/discharge.htm
Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB
IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed0 -
wow - - you must work for the OR !0
-
The_Debt_Monkey wrote: »wow - - you must work for the OR !
Don't think the OR's employ bankrupts. :rotfl:Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB
IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed0 -
thanks fermi thats great!0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards