..there is no more communication between I and the OA, ISI -
I should probably say that it is a very light touch experience (certainly in my experience anyway) they do not micromanage your life, you do not have to clear purchases with them, they do not view your bank statements. The main causes I have had to have contact with the OA is due to continuing harassment from banks and their legal representatives post bankruptcy. in these circumstances the OA Representative has directly contacted the former creditor directly with instruction to cease contact.
On a personal note (and I realise that all cases are completely unique) the entire process has provided a huge amount of relief to my wife and I (we are both bankrupt).
there is no more ducking and diving with creditors, borrowing from family to pay a bit here and there. No bank meeting where they crawl through your statement looking at your spend history.
We now have certainty with a definite exit this year once the new legislation is commenced.
I would also say, be prepared to potentially lose ALL assets. We kept our car as it was worth little or nothing anyway, however, we lost our house. But we were prepared for that from the outset and went into the process with our eyes wide open.
Anyone that tells you that you will
definitely keep your house is wrong. You
could in certain circumstances but it depends on your situation. Take advice from a professional who knows the process, there are some excellent people on here that you can quiz, but sit down with someone and go over everything in detail and in person.
IF you can afford a PIP to help with the application forms well and good (we did them ourselves in the end) but the ISI office were very helpful in pointing out alterations needed to forms which we needed to resubmit.
Best of Luck and be sure you know what your getting into, because once you have your first sitting you can't change your mind. I saw someone trying to get it reversed in on the second sitting with me when the realities were kicking in and the Judge was having none of it.
Stuboy.