early BR discharge

[worrywart]

Hi all,
hope all your wishes come true for 2008,happy new year to you all.

Came home from work new years eve evening, and there it was, a letter
from the OR..shoud I open it?..or forget about it till 2nd Jan..

Well curiosity got the better, and I opened it!!!!!

Well I never!!!! letter told me that a hearing in court, on 21st December, had discharged me from BANKRUPTCY

I know nothing has changed as far as evey day living is concerned...
but is there a record for early discharge....4th July 2007...
21st December 2007

[MelanieGiles]

Just goes to show how easy bankruptcy proceedings are, doesn't it!!!

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp

[Lisa2009]

Wow, congratulations on your early discharge you must be thrilled.

mrs skint

[Adam Davies]

Wow
Great news and so quick.
I wonder what factors the OR uses to decides on eary discharge ?
Five months in bankruptcy or five years in an IVA ?
regards


Andy Davie
IVA.co.uk Spokesperson and Website Manager

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp

[MelanieGiles]

Usually a need to get rid of cases where there are no prospects of any asset realisations or payment orders. Personally, I do not agree with the early discharge mechanism, as this process is now far too relaxed for the consumer debtor.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp

[worrywart]

Hi guys,
many thanks for your comments,but a little puzzled by melanies reply though.
although I dont have any property, I do have
three years of IPA s ahead of me, and I only
paid my first one on 1st January, but I can live with that.....its so good knowing that the
stuff i bought for Xmas was all paid for in cash,and I do not have the worry of paying credit card bills ever again.......YIPEEE

Thanks again for a great site.

regards
PJ

[MelanieGiles]

It's just a personal opinion of the overall system, PJ, and not against you personally. Many members of my profession believe that HMG got certain aspects of the Enterprise Act wrong when they amended the discharge period down from 3 years to 1, but don't take my comments personally - if the system has been changed to suit you, you are entitled to enjoy those benefits.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp