is there a time limit for bankruptcy affairs to be concluded ?

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Billy.d
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by Billy.d » Sun Oct 15, 2017 9:01 pm
My bankruptcy ended a month ago , however I have just found out the IP is still looking at my affairs and remains in office ??
Is there a time limit for his remaining in office ?
I do not have any IVA implications ,
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kallis3
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by kallis3 » Mon Oct 16, 2017 6:51 am
Hi,

Were you discharged a month ago? Do you have an IPA in place?
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Lisa Thomas
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by Lisa Thomas » Mon Oct 16, 2017 8:29 am
Although your discharge presumably happened automatically after 12 months the IP can continue with your case to realise assets and deal with creditors.

They have 3 years to 'realise' their interest in your residential property. There are no time limits for other assets.

It's usual for a case to continue to be open after the Bankrupt's discharge.
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