Debt Questions forum. General questions on debt issues.

Moderators: TalbotWoods, JaneClack

User avatar
By TalbotWoods
#218971 Hi All

Here is a chance for you all to have input on the future of Applying for Bankruptcy (without having to go to court) and Early Discharge (Doing away with it).

The link is to a PDF Document (83 Pages), heavy reading in places, but it will help the IS determine the way bankruptcy applications are made and how if Early Discharge goes or not.


http://www.insolvency.gov.uk/insolvency ... v%2009.pdf

Enjoy

Tim
User avatar
By TalbotWoods
#219018 It will take at least 18 months before this could even be considered for legislation (and in reality more like 3 years minimum) so it wont effect current bankrupts.

It is also unlikely to be retrospective, so if the law changes on the 1st April 20xx then anyone who goes bankrupt before that date would still be able to be considered for Early Discharge.

At the present time ORs are still givng EDs, providing the case is simple, all the paperwork is completed, IPOQ are returned and the office has time to process them, Oh nad the courts have time to process them.

Until there is a hange in law EDs will continue as they have done

Tim