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OR and Beneficial Interest
script
Posts: 718 Forumite
If the OR decided to pursue any Beneficial Interest on your partners property.
Would the OR ask the creditors first?
Would the creditors have to fund the legal actions?
So if the creditors said no - "to hell with it don't bother, it's not worth it" - would the OR be likely to drop the possible BI claim?
Or does the OR because of statutory duties pursue the claim and the IS funds the legal costs?
Would the OR ask the creditors first?
Would the creditors have to fund the legal actions?
So if the creditors said no - "to hell with it don't bother, it's not worth it" - would the OR be likely to drop the possible BI claim?
Or does the OR because of statutory duties pursue the claim and the IS funds the legal costs?
0
Comments
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No, the OR wouldn't ask the creditors first, they are not working for the creditors. Any actions the OR takes is funded from any proceeds received.Accept your past without regret, handle your present with confidence and face your future without fear0
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Thanks Peachy0
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