Early Discharge

getting_there_2

Hi all. heard from my receiver early january regarding early discharge. filled in forms etc. still heard nothing back from him and no change on insolvency site. any ideas when i will hear something?

tigerfeet2006

Once they have the paperwork back they then have to inform the creditors if there is no objections, can't remember how many weeks they have somewhere between 4-8 I think. But if the OR's office is busy then ED's get put to the bottom of the pile untill they have a quiet 5 minutes so I wouldn't worry to much.

bargainbird

i send mine off, it took a few months to come thru tho.... shouldn't woory tho they dont rush with paperwork

philnicandamy

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...

getting_there_2

THANKS. BEEN BANKRUPT SINCE 16th AUGUST 07. RECEIVED ED PAPERWORK FIRST COUPLE WEEKS OF JAN AND SENT STRAIGHT BACK. HOPE TO HEAR FROM THEM SOON.

fiveyearplan

Getting there - in any event you only have 5 months left anyway. That time will fly by I'm sure.

clarice_2

If it's any consolation, I went BR on the 10th August and got my IPOQ around the 10th Jan which I promply sent back, and my ED hasn't come through either!
I'm just consoling myself with the fact that I have less than 5 months to go till AD...any earlier would be a bonus, but it wouldn't make that much difference to my life, other than mentally drawing a line under the whole thing!

getting_there_2

hadn't thought about it that way. thanks

fermi

Took 3 1/2 months from the EDREV letter and returning the IPOQ until my ED was filed at court.

As others have implied it's not a priority job for them.