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pixiepet
Starting Member

United Kingdom
27 Posts

Posted - 02 March 2009 :  14:49:02  Show Profile  Reply with Quote
i have been nformed by the OR that the insurance policy is now an asset of the bankruptcy, i now have 2 options
1 to cease payments and policy will lapse,
2 to pay £50 to the OR to asign the policy back to me.

i was surprised they asked for £50 as it was hard enough to raise money for BR fees, is this normal

mandy

John
New Member



United Kingdom
73 Posts

Posted - 02 March 2009 :  14:52:27  Show Profile  Reply with Quote
Hi mandy

absolutely Mandy.
The policy has a future value which will increase with contributions and is therefore an asset.

As with any such asset to recover it you would need to pay an agreed sum. £50 per insurance policy is standard.

John White
England Jackman & Spacey
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pixiepet
Starting Member

United Kingdom
27 Posts

Posted - 02 March 2009 :  15:05:00  Show Profile  Reply with Quote
ok thanks John

mandy
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