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ste.s
Junior Member
206 Posts |
 Posted - 28 December 2008 : 23:53:20
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| im a bit confused about trustees,as i see it the secatary of state/court apoints a trustee to deal with your estate,if i contacted one of these companys that advertise resolving debt problem,can the company i contacted be apointed as my trustee |
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Needafriend
Junior Member
United Kingdom
344 Posts |
Posted - 29 December 2008 : 08:51:26
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Hi Ste
Not 100% sure on this one but i would say that any trustee when BR would be appointed by the OR, i am not sure if you can appoint one yourself.
Maybe John or Paul may know.
Jo
x
Wishing you all a Happy Debt & Worry Free 2009
21 Weeks down
31 to go
For more info on how i have come through bankruptcy and for links to help, you can read my blog here called:
Needafriend's Info on Bankruptcy :-)
http://debtfreejo.blogs.bankruptcyhelp.org.uk/
Needafriend says: Live life to the full, take life by the horns and live a little, otherwise life would be so boring!
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Reviva UK
Advanced Member
United Kingdom
2452 Posts |
Posted - 29 December 2008 : 09:26:39
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Hi Steve
It is the Official Receiver who appoints a trustee for ones bankruptcy.
If there are no assets or the assets are relatively simple to deal with the then become the trustee,
If the assets are more complicated to deal with then they pass the case out to an external Insolvency Practitioner - who then becomes your trustee.
If you have a limited company then it is possible to appoint your own person to wind up the company.
So in short you cannot appoint your own trustee but depending upon your circumstances there may be benefit in getting everything sorted out before petitioning to ensure it is as smooth as possible,
Paul Johns
Assisted Bankruptcy Specialists
Reviva UK
Real People ..... Real Debt Solutions
www.revivauk.com |
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ste.s
Junior Member
206 Posts |
Posted - 30 December 2008 : 03:44:23
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| to cut a long story short,when i meet the OR i had contacted a company who said they could resolve my bankruptcy a IP , they became my trustee when i meet tham figures were worked out but now instead of the trustees figures being xx amount it is higher then the equity in my property by 4x times,when i apointed this company they were working for me and now there against me is this normal |
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Reviva UK
Advanced Member
United Kingdom
2452 Posts |
Posted - 30 December 2008 : 09:44:27
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Hi
As per your other post I really suggest you make a telepohone call to have a longer conversation.
in Br the fees for realising assets spiral and this is why the helpline and Reviva UK would usually say that it is important to get these things done before Br rather than afterwards because you can easily lose control then.
Paul Johns
Assisted Bankruptcy Specialists
Reviva UK
Real People ..... Real Debt Solutions
www.revivauk.com |
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a question regarding trustees
