One month to go - it's all been silent for months...what might happen?

thinkpositive1

I have a month until automatic discharge but I am surprised I have heard nothing aside from a letter back in October from the OR to say "I intend to write to the Secretary of State for BIS for my release as trustee". Is the OR "off the scene" now and if so who, if anyone is "dealing" with my bankruptcy?

I have a few issues going through my mind and seeking some clarity on.

Is anything else going to happen or do I just keep my head down and not worry? I don’t want any nasty surprises with only 4 weeks to go but I also want to ensure I have done everything I am supposed to do.

I am self employed so I don’t know if I should be submitting a income and expenditure summary to the OR for the year of my bankruptcy period, before AD date or after, or at all?

When I had my OR interview the OR said it was highly unlikely they’d put me on an IPA as I was self employed. My income has been pretty much the same as the year running up to my bankruptcy (which were the figs I included in the submission of my BR paperwork).

I am unsure as to what and if I need to do anything on the above and also what I do about tax? I spoke to HMRC after going BR and they said they would issue me a new tax reference which would apply for after BR but do I do anything about tax for the 12 month period of BR itself? I have had nothing from HMRC. I have read through a recent thread on here about tax and self employment and feel very confused by what to do.

Also, I had a house with large negative equity (it was a mortgage + loan) which I voluntarily surrendered and I know the mortgage company sold it on about 4 months after my BR. They have not written or contacted me at all regarding the shortfall. This was made clear in my BR paperwork so I do assume the OR basically told them “no chance” of recouping the shortfall as it was in my bankruptcy estate?

Any advice would be much appreciated.

fermi

The letter you got basically mean they have finished the routine stuff on your case, although if anything to do with the hosue crops up etc they can still deal with after they have been released. It's just a technical/legal step that doesn't mean much to you in practice, apart from telling you that it's pretty much done.

Unless they ask for an I&E/SOA, no, you don't have to proved one.

Sounds like things are moving well towards AD.

aardyvark

all you need to do is , buy a nice bottle of wine and wait for AD day
:j...:beer:

thinkpositive1

Thanks Fermi.


Re: tax - do you know what I have to do?


For the tax that would have been due on my business income (I am a sole trader) from BR date through to the end of the 2014/15 tax year, do I pay this to HMRC? They have advised me that a tax return will not be required for my year of BR, so presumably I re-start with a fresh tax return based on 2015-16 tax year....is that right?