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Bankruptcy/Sequestration clarification
millertime_1985
Posts: 1 Newbie
I applied for my bankruptcy/sequestration (I live in Scotland) almost 6 months ago under the low income/low asset type process, with the understanding that the process would last about 6 months as my only income is my DWP Benefits and I have no assets.
But i'm questioning my memory of what I was told, and was hoping that someone maybe able to clarify my situation
But i'm questioning my memory of what I was told, and was hoping that someone maybe able to clarify my situation
0
Comments
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Was your bankruptcy awarded before 1 April 2015, or after?
If it was before 1 April, and you became bankrupt under the Low Income Low Assets/LILA process then you'll be discharged after a year.
If it was after 1 April, and you went through the Minimal Assets Process/MAP, then you'll be discharged after 6 months.
You can check the Register of Insolvencies on the AiB website to see whether you are LILA or MAP, and what your date of discharge is www.aib.gov.uk
HTH.0
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