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indy2005
Junior Member
458 Posts |
 Posted - 10 July 2008 : 19:49:01
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I went into BR on the basis that they only contact work in exceptional circumstances. The OR is going to contact work to prevent me selling my bonus shares...which are held in trust for 3 years so I cant sell them anyway.
I emailed my examiner today on another matter, and asked if there was any way that they could avoid contacting work as I would almost certainly lose my job, and thats in no-ones interest(IPA!?). They have a 1 month old share statment so know the number of shares and the value. I asked if a third party could buy my interest to prevent me losing my job and was told no. They have to act to protect the BR estate. The OR doesnt know the number or value of the shares, and cannot act to process the shares as they are not the trustee. It didnt stop them processing my life insurance policy and making me buy it back for £50 last week though.
So...in 3 months, I guess I may be jobless...and in 12 months perhaps homeless. |
Edited by - indy2005 on 10 July 2008 19:50:42 |
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melanie_giles
Senior Member
1191 Posts |
Posted - 10 July 2008 : 21:13:06
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I would try and make an offer to purchase the shares from the OR based upon the future anticipated value. Do you have a friend or relative who would be able to buy the shares if this were to be possible?
For an informal chat about any financial difficulties, or advice as to the options available, I can be contacted via my website - www.melaniegiles.com |
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indy2005
Junior Member
458 Posts |
Posted - 10 July 2008 : 21:36:38
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quote:
Originally posted by melanie_giles
I would try and make an offer to purchase the shares from the OR based upon the future anticipated value. Do you have a friend or relative who would be able to buy the shares if this were to be possible?
For an informal chat about any financial difficulties, or advice as to the options available, I can be contacted via my website - www.melaniegiles.com
I have. I wrote to the examiner today on a separate matter. I said to him that my mother would buy the interest immediately. This way they would get the money fast rather than waiting for them to come out of trust, and that contacting my employer would almost certainly result in me losing my job which is in no-ones interest.
He replied stating that they have to contact the trustee of the share scheme to protect the estate, and that they wouldnt be able to deal with the shares as they are not the trustee. So I offered them immediate payment at full price....they said, stuff you...what do I care if you lose your job. At least thats how I feel.
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melanie_giles
Senior Member
1191 Posts |
Posted - 10 July 2008 : 21:47:13
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Contacting the Trustee of the share scheme does not necessarily mean that your employer will find out - as the Trustees ought to operate independently of your actual employers and have probably seen this many times in the past.
For an informal chat about any financial difficulties, or advice as to the options available, I can be contacted via my website - www.melaniegiles.com |
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indy2005
Junior Member
458 Posts |
Posted - 10 July 2008 : 22:02:52
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quote:
Originally posted by melanie_giles
Contacting the Trustee of the share scheme does not necessarily mean that your employer will find out - as the Trustees ought to operate independently of your actual employers and have probably seen this many times in the past.
For an informal chat about any financial difficulties, or advice as to the options available, I can be contacted via my website - www.melaniegiles.com
I hope so....thanks |
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indy2005
Junior Member
458 Posts |
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JulianDonnelly
Junior Member
United Kingdom
325 Posts |
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They are contacting work
