| Author |
 Topic  |
|
|
movin on
Average Member
United Kingdom
946 Posts |
 Posted - 04 November 2008 : 10:55:45
|
Well i have just spoke to a man (who i think is the OR assistant) as hubby wanted me to check they received his letter about the BI(which they did)
Now it can't just be everyone at my OR's office who is very stern or moody (i cant decide which), but he didnt really eloborate on anything but said 'you will be hearing in due course' and was all raedy to put the phone down, from what i can gather until i asked him another question. I asked which paper would i go in as this has really been worrying me, and would it of already been in ? to which he replied yes i would imagine it has already been in - now would he not know when they put them in, or does the OR pass a bulk lot through and the paper decides when to put them in ?
Also with regards to the BI - what do they actually have to do before they will offer it to hubby - is there a waiting time, as i got the impression they were just making us wait out of the fun of it.
Anyway, now i know what paper it will/has been in i feel alot better as its not one that is so local that people would know me.
Small mercies hey
xx
The weights are coming off my shoulders very slowly, but making such a big diference !! |
|
|
Suzanne
Average Member
United Kingdom
869 Posts |
Posted - 04 November 2008 : 15:00:28
|
Hi
The OR sends a letter to an agent who places the advertisement, so they don't know exactly when it goes in, just that they have requested it.
If they are very busy it can take some time for the file to get to the Regional Trustee and Liquidation Unit (RTLU), and they are just as busy, so you can expect it to take some time. I spoke to someone from the OR's office today and they were saying that because of the housing market conditions, most of the cases with property were in negative or minimal equity situations and were all being passed to RTLU
Suzanne Stocker
Bankruptcy Manager
Jones Giles Ltd
www.jonesgiles.co.uk
|
 |
|
|
movin on
Average Member
United Kingdom
946 Posts |
Posted - 04 November 2008 : 16:29:34
|
Hi Suzanne
Thanks for clarifying that for me, but can i just ask what is RTLU and what is the process there?
The weights are coming off my shoulders very slowly, but making such a big diference !! |
|
|
|
jane.m
Junior Member
230 Posts |
Posted - 04 November 2008 : 16:31:41
|
Hi Suzanne
If your house is in negative equity does it always go to the RTLU department and then they allow you to buy the beneficial interest.
Many thanks |
|
|
|
Suzanne
Average Member
United Kingdom
869 Posts |
Posted - 04 November 2008 : 16:57:41
|
Hi
It always goes to the RTLU to deal with any assets even if they are in negative equity, the regional OR offices don't have the resources to deal with them themselves. The RTLU is a specialist unit who just deal with asset issues.
Suzanne Stocker
Bankruptcy Manager
Jones Giles Ltd
www.jonesgiles.co.uk
|
|
|
|
Skippy
forum expert
United Kingdom
3290 Posts |
Posted - 04 November 2008 : 17:02:06
|
Can I ask a question Suzanne? I had no assets but my case was passed to the RTLU. Why would that happen? I only found out when I checked the insolvency register and the contact address was the RTLU.
Tomorrow is a mystery, yesterday is history, today is the present, a gift to make the most of.
View my blog at http://skippy13.blogs.bankruptcyhelp.org.uk/ |
|
|
| |
Topic |
|
Just phoned OR
