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Discharge

Hi all, my first post on this forum.
I'm currently going through the process of bankruptcy.  Self declaration. 
I'm led to believe the discharge period is 12 months normally. 
I have heard however of others being discharged after only 3 months if their circumstances have no chance of improving. 
Any help or advice on this would be much appreciated. 
Thank you. 

Comments

  • luvchocolate
    luvchocolate Posts: 3,391 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Home Insurance Hacker!
    Hi and welcome. Early discharg is a thing of the past now. It's automatic after 12 months 
  • OK thanks for that, and is it true that if you work during your discharge period,  they will take every penny above and beyond what you need to survive?
  • Morfx
    Morfx Posts: 128 Forumite
    Fifth Anniversary 100 Posts Name Dropper
    First of all, Welcome to the forum,
    (Why the pink hat? 😉.. Ex-RE here)

    No.. in answer to your question..
    You can live quite comfortablely whilst in BR with an IPA.

    I've recently been discharged myself and can speak from my own personal experience. 👍
  • luvchocolate
    luvchocolate Posts: 3,391 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Home Insurance Hacker!
    The allowances for BR are to give you a reasonable standard of living. 
    If you have for the £20 surplus you could be subject to an IPA for 3 years. This can go up or down if your circumstances change. 
    Pop up your SOA and we will have a look 
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