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Release from bankrupt status

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asked on May 19, 2017 at 04:32
by   MercW211
edited on May 19, 2017 at 04:38
by   MercW211
Hi all sifus..really need advices and opinion on how do I get release from bankrupt status.
Well I've been declared bankrupt for 1 and half year. Have been to Insolvency Dept for case mgt. Now planning to seek release of the status. Is it possible for me to settle in full the debt with the creditor that made me bankrupt and then seek release of the bankrupt status? If possible, how do I go about it?

Also I have been paying the instalment as requested by the insolvency dept thru bank SI but the amount was not deducted from my acct..and now I am out of job since June last year and I am no longer deposit the payment into my acct. Can I be penalised for defaulting the pyment?

Can I be discharged if I only pay for the creditor that made me bankrupt? Since others did not make claim on me (as informed by insolvency officer)

Thank you for all feedback. 
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2 Answers

answered on May 19, 2017 at 13:31
by   vkpc
Is it possible for me to settle in full the debt with the creditor that made me bankrupt and then seek release of the bankrupt status?

All payment must be to JIM.
You got no job, cannot pay the installment and now want to pay in full?
You plan to sell the W211 car?
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answered on May 19, 2017 at 14:04
by   NewBankrap
Can I be discharged if I only pay for the creditor that made me bankrupt? Since others did not make claim on me (as informed by insolvency officer)
After bankruptcy discharge this round, can be second round of bankruptcy if the amount of the other creditors exceeds 30K.
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