Sorting the mess - our BR Diary - and start of a new life

fiveyearplan

dalip wrote: »

5YP your pm box is full can you delete so i can send a message please!:o

PM box emptied!

MammaCas

Hello all

Can't believe its another month since I updated this :eek: and nearly 4 months since BR

Since my last update I had a letter from OR's office saying they are transferring our file to the RTLU office. This was about 2 weeks ago. I phoned the OR's office to check if I still need to submit payslips every month (have changed jobs since OR interview) and she said 'no, we've closed that bit off', whatever that means.

So, just wondering what is likely to be next, really..are the rtlu still 'investigating' our BR or are they 'administering' it? Not sure... The old house is still up for sale by the mortgage company so don't know if the RTLU will be waiting for a sale..

Don't get any mail from creditors anymore :T.

Good to see some 'old' faces back (Bat, Philnicandamy - it wasn't the same without you).


Hello to the new faces, hope this diary may help

MC X

p.s. Where's Max?!!

fiveyearplan

You sound really positive MC. I'm nearly 4 months into mine too and I have just now been sent IPOQ questionnaire - so I'm posting my own thread re I&E.

MammaCas

fiveyearplan wrote: »

You sound really positive MC. I'm nearly 4 months into mine too and I have just now been sent IPOQ questionnaire - so I'm posting my own thread re I&E.

ooh how fab fyp!!

ED soon for you then :T

MC x

JCS1

RTLU is a good sign, OR finished investigation and passed your file over so RTLU can deal with any assets, such as IPA/NT Tax Code, Property, etc.

Means things are progressing nicely.

MammaCas

JCS1 wrote: »

RTLU is a good sign, OR finished investigation and passed your file over so RTLU can deal with any assets, such as IPA/NT Tax Code, Property, etc.

Means things are progressing nicely.

Thanks Thats good :j

Didn't get an IPA, we don't earn enough so it must be because of the house. It is in big negative equity so I don't think there'll be anything left (probably about minus £20K). Does anyone know what happens if the house isn't sold before automatic discharge? And will the house being up for sale stop any early discharge?

Thanks

MC x

JCS1

MammaCas wrote: »

Thanks Thats good :j

Didn't get an IPA, we don't earn enough so it must be because of the house. It is in big negative equity so I don't think there'll be anything left (probably about minus £20K). Does anyone know what happens if the house isn't sold before automatic discharge? And will the house being up for sale stop any early discharge?

Thanks

MC x

House not an issue, as OR has three years to deal with this.

And property being up for sale won't prevent ED.

fiveyearplan

MammaCas wrote: »

ooh how fab fyp!!

ED soon for you then :T

MC x

Is that what the IPOQ is for? I had no idea, oh how exciting!:j

tigerfeet2006

Glad things are progressing nicely MC :j

5YP that sounds like you are being considered for ED.

This is the 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...

With thanks to Phil

fiveyearplan

Thanks for that Tiger. Glad to note that I have 14+7 days to return it because my letter says 7 days and it has already been 10! Anyway its almost ready to post, just trying to fit in a few more expenses!