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| indy2005 |
Posted - 24 April 2009 : 21:43:57
Oh well,
so much for the 3 year rule. I received some shares as a bonus and even though they dont mature for years (4 years from BR date), the OR says they will just take them as and when they mature in,3,5 years time. I thought they had 3 years to deal with assets?
Also, my cash bonus went. Every penny. My interviewer for by BRU said in January when I mentioned it that it would be classed as income and I would be able to keep 30%. Was contacted by RTLU who wanted all of it, as it is an asset in my BR.
On the advice of the forum I mentioned my dividend payment of £200, and this kicked it all off. They had overlooked my 6K of shares, but me asking what to do with the dividend seems to have put me into the RTLUs Inbox....still, If I hadnt told them, I would be having sleepless nights.
i |
| 4 L A T E S T R E P L I E S (Newest First) |
| indy2005 |
Posted - 25 April 2009 : 00:30:33
Hi,
Thanks. By "decide" I assume some action must be initiated. For example, we have heard nothing about the house yet and I am discharged in under a month. The house is in my wifes name but I pay half the mortgage (not named on it).
If they dont approach my wife to buy BI, or raise a charging order to my wife prior to my discharge, what does that mean? I transferred the house to my wife after taking out my equity to pay some debts (equity of exoneration, declaration of trust etc.)
Regards
i |
| chester2005 |
Posted - 24 April 2009 : 23:53:43
The 3 yr rule is often misunderstood (by myself at one point i admit)
The OR has 12 months to decide what to do with your assets and then 3 yrs to implement the decisions.
Because the OR hasn't done anything obvious in 3 yrs is not necessarily a good thing.
At least in your case it's all out in the open and you now don't need to worry about it!!
Dave
Don't worry or know that worrying is as effective as trying to solve an algebra equation by chewing bubble gum.(Baz Lurman)
Life's too short!!! |
| indy2005 |
Posted - 24 April 2009 : 22:52:05
quote:
Originally posted by Reviva UK
Hi Indy
They have actually dealt with the shares in that they have decided to keep them when they mature. This timings are not the maturity date being outside the 3 years but their decision to do something.
At least you know you have done the right thing so no nasties round the corner
Paul Johns
Assisted Bankruptcy Specialists
Reviva UK
http://www.revivauk.com
Real People ..... Real Debt Solutions
www.revivauk.com
True...so all they have to do is write to the trust owners in the 3 years....she almost admitted there had been an error and they had been overlooked.
My only concern now is, that perhaps my house was overlooked and now has a large magnifying glass on it. |
| Reviva UK |
Posted - 24 April 2009 : 22:40:32
Hi Indy
They have actually dealt with the shares in that they have decided to keep them when they mature. This timings are not the maturity date being outside the 3 years but their decision to do something.
At least you know you have done the right thing so no nasties round the corner
Paul Johns
Assisted Bankruptcy Specialists
Reviva UK
http://www.revivauk.com
Real People ..... Real Debt Solutions
www.revivauk.com |
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