HOME  FORUM  MEDIA  EVENTS  ARTICLES  TV  BLOGS
•Home
Bankruptcy:
•Bankruptcy Information Center
•What is Bankruptcy?
•Is Bankruptcy right for me?
•How to declare Bankruptcy?
•What happens to my assets?
•Bankruptcy and credit rating

Forum:
•forum
•register
•search
•faq
•experts
Blogs:
•Bankruptcy News
•More...
Media Room:
•Press releases
•Media Coverage

Other:
•About BankruptcyHelp
•Links
•Contact us
•Debt Glossary
•Insolvency jobs
FORUM
  > Browse and post on our forum
Home   |   Profile   |   Register   |   Active Topics   |   Members   |   Search   |   FAQ

Welcome to our Forum, please register if you want to post
Ask a debt question
See the last 250 posts
Watch video on how to use forum
Username:
 Password:
Save Password
Forgot your Password?

 All Forums
 archive
 Forum Questions
 Hi i am bankrupt		  New Topic  Reply to Topic
 Printer Friendly
Author Previous Topic Topic Next Topic  

gary45
Starting Member



7 Posts
Posted - 15 March 2010 :  11:35:38  Show Profile  Visit gary45's Homepage  Reply with Quote
Hi i am bankrupt already and my official receiver ask for my life insurance policy to which has no surrender value only payable on death my question is that they have said they sent the policy back on the 22nd Feb but have not received it
In the mean time i receive a letter on the 1st march from a different dept of official receiver office saying that i need to pay £50 to buy back my policy documents is this correct bearing in mind they have said they have sent the policy back on the 22nd Feb with out any payment

Daniel Griffiths
Junior Member

United Kingdom
268 Posts
Posted - 15 March 2010 :  12:09:25  Show Profile  Reply with Quote
Hi Gary You have a choice here buy the policy back for £50 or stop paying into it and take out a new one, do the maths and chose whats best
Edited by - Daniel Griffiths on 15 March 2010 12:10:05
Go to Top of Page

chinweike
Starting Member



Nigeria
2 Posts
Posted - 16 March 2010 :  01:57:41  Show Profile  Visit chinweike's Homepage  Reply with Quote
**Spam - post deleted**
Edited by - Skippy on 16 March 2010 14:17:01
Go to Top of Page

gettingoutofdebt
forum expert



2418 Posts
Posted - 16 March 2010 :  06:55:43  Show Profile  Reply with Quote
quote:
Originally posted by chinweike

For them to have lied to you is an issue that needs to be settled. Buying back your policy is not the position of the law in my country.


It may not be the case in your country (Nigeria) however it is the case when you declare BR in England or Wales.

Gary - As Daniel mentioned the £50 fee to buy back the policy is normal so you need to work out whether to buy the policy back or take out a new one.
Go to Top of Page

chinweike
Starting Member



Nigeria
2 Posts
Posted - 16 March 2010 :  09:02:39  Show Profile  Visit chinweike's Homepage  Reply with Quote
**Spam - post deleted**
Edited by - Skippy on 16 March 2010 14:17:34
Go to Top of Page

Jane.l
Average Member

511 Posts
Posted - 16 March 2010 :  14:07:33  Show Profile  Reply with Quote
those advertising links will be removed shortly
Go to Top of Page
  Previous Topic Topic Next Topic  

 New Topic  Reply to Topic
 Printer Friendly
Jump To:
bankruptcyhelp.org.uk Forum © bankruptcyhelp Go To Top Of Page
Powered By: Snitz Forums 2000 Version 3.4.06