OR giving notice for release as trustee

DD1966

both myself an OH have had the same letter stating that because not enough assets have been realised to enable a dividend to be paid to our creditors, he intends to apply to the secretary of state for trade and industry to be released as trustee.
we both declared ourselves bankrupt in oct 07, so we are now both discharged. one thing not stated in the letter is how this affects us, do we still need to keep the OR informed for the 3 years or is that it??
any help would be appreciated.

cheers

DD1966

tigerfeet2006

If you don't have an IPA then that's it. You never have to talk to the OR's office again . You are released and can do as you wish.

Your next step is to sort out your credit files. brb with link.

Here we go

http://forums.moneysavingexpert.com/showthread.html?t=677875

DD1966

thanks tigerfeet2006 for your very prompt reply. we don't have an IPA so looks like thats it, can't believe all the worry and stress we've been through over the last couple of years has now finally ended.

thanks

DD1966

:j

fermi

Does the letter specifically state that you have been discharged?

Does it include, for example, a copy of the discharge notice (EDNOT) that was filed in court?

Applying for their "release as trustee" IS NOT the same as being discharged.

I received the letter about their "release as trustee", but was not actually discharged until many months later! But the two can occur at about the same time.

tigerfeet2006

Absolute pleasure. Glad to be the bearer of glad tidings :beer:

Hope you have a stress free, debt free life.

As I said though get your credit reference files and make sure that all the data is correct.

tigerfeet2006

fermi wrote: »

Does the letter specifically state that you have been discharged?

Does it include, for example, a copy of the discharge notice (EDNOT) that was filed in court?

Applying for their "release as trustee" IS NOT the same as being discharged.

I received the letter about their "release as trustee", but was not actually discharged until many months later! But the two can occur at about the same time.

Cheers Fermi I had missed that bit , read it as they had been discharged . Apologies to DD1966.

Think I need to go to bed and give my braincell a rest :rolleyes:

DD1966

Hi fermi,
the answer to your question is yes we are both discharged. i was granted an early discharge in march 07 (sorry my orginal post said made bankrupt in 07, was in fact 06) so sorry for confusion. OH was automatically discharged in october 07.

thanks

:rolleyes:

fermi

That is good news then. :beer:

Sorry, had to check. More than one person has made the mistake of thinking they were discharged when they have received that letter before the real discharge.

tigerfeet2006

Thanks for clearing that up DD.

Make sure you have a good ol' mosey round the rest of the forums as there is some great information and tips around. The Old Style board is fantastic and so is the freebies board, have a good old browse.

DD1966

thanks tigerfeet and fermi, once again sorry about getting date of bankruptcy wrong, i think it's me who needs to go to bed and rest the old grey matter.
will tackle the credit file clean up now.
All that's left now is a great holiday this year, think we need it after everything we've been through, not wishing to bleet on, but we lost our home in jan 07, was homeless for 6 months before we got a council property, which looking on the bright side, is in a rural village, nothing but farmers fields front and back, so we really think we landed on our feet, we're so much more settled and happy not only as a couple but as a family too.....

thanks to you both

:A

fermi

Back to the original question.

Unless you are in an IPA, then you no longer need to inform the OR/trustee of a change in circumstances.

If any matter should arise regarding your bankruptcy then you are still legally obliged to co-operate with the OR with respect to these, but for most intents and purposes it is 'done and dusted'.