Note: You must be registered in order to post a reply. To register, click here. Registration is FREE!
T O P I C R E V I E W
pixiepet
Posted - 02 March 2009 : 14:49:02 i have been nformed by the OR that the insurance policy is now an asset of the bankruptcy, i now have 2 options 1 to cease payments and policy will lapse, 2 to pay £50 to the OR to asign the policy back to me.
i was surprised they asked for £50 as it was hard enough to raise money for BR fees, is this normal
mandy
2 L A T E S T R E P L I E S (Newest First)
pixiepet
Posted - 02 March 2009 : 15:05:00 ok thanks John
mandy
John
Posted - 02 March 2009 : 14:52:27 Hi mandy
absolutely Mandy. The policy has a future value which will increase with contributions and is therefore an asset.
As with any such asset to recover it you would need to pay an agreed sum. £50 per insurance policy is standard.