Welcome, Guest
Username Password: Remember me
Forgot your password? Forgot your username? Create an account
Reply Topic
New Topic
  • Page:
  • 1
  • 2

TOPIC: Bankruptcy Discharge

Bankruptcy Discharge 07 Feb 2012 19:01 #974


  • Posts:17
  • Carptree
  • Fresh Boarder
  • OFFLINE
On 11th Feb it will be 6 months since our Bankruptcy. The OR said at our interview that she would discharge after 6 months - can we get in touch with her to ask or do we just wait? Thanks for all your help - nearly out the other side!
Reply Quote

Re: Bankruptcy Discharge 07 Feb 2012 20:31 #975


  • Posts:604
  • Jon
  • Administrator
  • OFFLINE
Hi,

Yes, you can contact the OR and ask about the status of your bankruptcy. There is no problem with asking and getting an update.

Let us know how you get on.

Regards,

Jon
Reply Quote
The following user(s) said Thank You: Carptree

Re: Bankruptcy Discharge 24 Feb 2012 20:16 #1032


  • Posts:17
  • Carptree
  • Fresh Boarder
  • OFFLINE
Hi Jon,

Had a letter today offering early discharge - we need to send them an income expenditure form and then they will ask the creditors adn the process will take some weeks to complete, is it worth it or shall we just wait for the automatic discharge promised in the letter.

Could you tell me the ups and downs of this option?

Thanks
S
Reply Quote

Re: Bankruptcy Discharge 25 Feb 2012 07:57 #1033


  • Posts:604
  • Jon
  • Administrator
  • OFFLINE
Hi,

If the Official Receiver sends you a notice asking for information, be it income and expenses or whatever, you need to comply and complete the form and send it back. If you do not do this, it may be seen as not cooperating with the OR.

Why would you not fill it out and send it back? They are only looking to see if your circumstance has changed and if you now may have some surplus income to pay into the bankruptcy. They have until discharge to do this. If nothing has changed, then there is no issue.

An early discharge means the time line between your bankruptcy and being out of bankruptcy, debt free, and starting fresh, begins sooner.

Regards,

Jon
Reply Quote
The following user(s) said Thank You: Carptree

Re: Bankruptcy Discharge 29 Feb 2012 10:40 #1043


  • Posts:1
  • hadmaa
  • Fresh Boarder
  • OFFLINE
plz help, i was just made bankrupt by work partner last week, now i have the tax to pay but i did not mentioned this in court would this still wipe off my tax as well?
Reply Quote

Re: Bankruptcy Discharge 29 Feb 2012 10:48 #1044


  • Posts:604
  • Jon
  • Administrator
  • OFFLINE
Hi,

This was just answered for you under Latest Questions on the home page as well.

Yes, taxes can be included in your bankruptcy.

Regards,

Jon
Reply Quote
Reply Topic
New Topic
  • Page:
  • 1
  • 2
Bankruptcy.org.uk
Bankruptcy & IVA Topics
Technical Bankruptcy Questions
Powered by Kunena :: tecnologia
Time to create page: 0.40 seconds

Insolvency calculator

Find out the best debt solution for you with our simple calculator:

Total Debt:

£

No of creditors:

 

Monthly income:

£

Monthly expenses:

£

Own home?

Yes No

Powered By ChronoForms - ChronoEngine.com

Recent Activity

wall
Jon created a new topic The Selling of Debts in the forums.
6 days ago
wall
Jon created a new topic Address Used For Going Bankrupt in the forums.
11 days ago
wall
Jon replied to the topic Re: Going Bankrupt in the forums.
14 days ago
wall
Mackem61 created a new topic Going Bankrupt in the forums.
14 days ago

Our Services

If you have a serious debt problem, bankruptcy can free you from your debts within 12 months. As a solution for dealing with serious debt, bankruptcy is a last resort. Other debt solutions need to be explored first, to help determine if bankruptcy is the right debt solution for you.

 

Your financial affairs are put into the hands of an Official Receiver or Trustee, who will control all your assets - and if you own a property, this will also be included. These will be sold and the money used to pay as much as possible to your creditors.

 

There are consequences to bankruptcy which will affect your finances and work life. You may struggle to borrow money, for example, and will not be able to apply for certain jobs.

 

For some, bankruptcy is the right option and will put an end to pressure from creditors. Our team of experts are on hand to advise on the best solution to your debt problems - call now on 0800 002 9951.

 

Latest Posts

More Topics »

Browse Categories