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| T O P I C R E V I E W |
| Widge |
Posted - 25 March 2011 : 11:51:16
Hi,
I had a face to face interview with the OR over two weeks ago. He took away all my statements etc and told me that he was going to call a creditors meeting and appoint an IP. I have heard nothing since and was wondering if anyone knew what to expect now. I hate not knowing what's going on.
Thanks,
Widge |
| 5 L A T E S T R E P L I E S (Newest First) |
| Bigal4787 |
Posted - 28 March 2011 : 16:08:33
Hi widge,
sometimes creditors meetings aren't actually meetings at the OR's office, they can also be conducted by telephone, but as the first meeting is 20 April, you should at least before Easter get to know who the trustee is. Once an IP has been decided upon, the OR then has to transfer the case to the IP which can take up to 4 weeks or more(especially with a longer Easter break coming up), as with staff numbers being decimated recently, these things can take longer.
The letter your Mother got is an RTC(report to creditors), but the loan your Mother made to you for the car isn't like an HP or fixed sum loan agreement, so the IP may allow you to keep the car, as long as it complies with the rules for the car being exempt(i.e needed for work, value no more than £2,000), but not to be taken as read, as IP's sometimes work differently to OR's.
You'll also find that you'll be asked to do other I&E's, and the IP's own questionnaires.
Finally on which assets was the first meeting of creditors called? They are usually called when no one creditor has a majority
Big Al
Insolvency examiner with the Insolvency service from April 2008 - July 2010.
If you need help completing SOA's(statement of affairs) or PIQ's(preliminary information questionnaire) if you've been declared bankrupt, or anything else and you're within 30 miles or so of Warrington, then please contact me via my contact details in the expert page for futher details"
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| Widge |
Posted - 26 March 2011 : 18:45:43
Thanks for your replies Richard,
I had a letter this morning from the OR saying hat a first meeting of my creditors will be held on 20 April. My mum has also had a more detailed letter from them (as one of my creditors) and she's a bit confused as to what to do. Its a very detailed breakdown of my finances which is a bit ambarassing but she knew it was coming anyway. My boyfriend has had the same letter also so we'll go over it and see what, if anything she can do that will benefit her/me. She bought my car for me (a loan) that is valued at about £3k and may be at risk. However it seems silly that they would take my car to pay debts to her that she loaned it to me anyway to buy the car (she wants me to keep it)...tricky one!!! Can I transfer the registration documents over to her or would that be frowned upon?
Has anyone any ideas how she should respond as a creditor and how generally a creditor would reply to such an invitation and do they actually turn up at such meetings?
Thanks in anticipation
Widge x |
| Richard P |
Posted - 25 March 2011 : 12:59:29
widge
relax you have done the hard bit
it is now just slow time.
The IP will contact the OR and eventually all of the paperwork will be in the right place. mine was just slow as the OR had not released all the paperwork.
chill and enjoy this lovely sunshine !
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| Widge |
Posted - 25 March 2011 : 12:55:02
Oh dear. I'm stressed out enough as it is! When the IP contacts you for all af this information, is it another face to face? I'm worried if the OR doesn't pass on all the info, as most of it was originals and I don't have a copy myself. My (what was then) current bank account statements were downloaded from the internet and now that account is closed I have no access to that information anymore. I did hand over a HUGE amount of information to the OR and I can hardly remember what happened yeaterday nevermind financial transactions that went on years ago with my ex husband (they will have an interest in a jointly owned property. Its so hard to relax as I have my ex is bothering me and I have no answers to give. I changed my mobile number so I didn't have to listen to his angry calls and now I discover that he has been round to my place of work asking for me (fortunately I wasn't there at the time).
Sorry to have a rant it's probably just the stress talking! |
| Richard P |
Posted - 25 March 2011 : 12:27:26
Hi Widge
if you hate not knowing what is going on the rest of this year will be a real challenge for you !
your IP will contact you about a month, then ask you all the questions already covered in SOA or interview.
for some reason my IP did not have all of the information I had supplied to the OR, so we had a delay in moving forward
They will contact you in slow time
Richard
Good Luck Richard,
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