Release from OR, what does this mean??

seenthelight_3

Hi,
My other half went BR end of March and yesterday got a letter for his informtion to say that there was insufficient assests to be released and that the OR is being released from being his trustee. There was also a statement of fees paid and cost of BR, again for his info.
What does all of this mean??
Thanks for any help

dalip

I had one of those too and from what i can gather it means there is no likelyhood of them getting any money ect to go towards the bc fees ect. I would also say that he may hear about discharge soon as from the few i have heard this happen to it appears to go hand in hand with ED or AD.Fingers crossed for your OH.Dx

custard_cream_3

ED? AD? What are they short for?

fermi

dalip wrote: »

I would also say that he may hear about discharge soon as from the few i have heard this happen to it appears to go hand in hand with ED or AD.

For some.

Although it was 4 (ish) months after I got that same letter before my initial ED paperwork came through, and then anther 3 and a bit before it actually happened.

The letter is a good sign, but you will just have to wait and see.

custard_cream wrote: »

ED? AD? What are they short for?

AD = Automatic Discharge (What happens when you are automatically discharged after 12 months).

ED = Early Discharge (Discharged early at the discretion of your OR if your case can be wrapped up soon enough).

fiveyearplan

Sounds like good news to me!

custard_cream_3

Thanks Fermi.

seenthelight_3

Thanks everyone, at least it seems to be a good thing, we were not sure!!
Fingers crossed for ed x

Rylynn

I wonder if this form also have to be produced for government reasons, ie that no money has been avaibable to pay for the costs of BR, as they surely have to account back to someone if no money has been there to be taken against such costs.