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Release of Trustee?
dojoman
Posts: 12,027 Forumite
I have received a letter from the OR saying he is applying to be released as the trustee. I have searched the forum about this, but could not find a definitive answer of what it means. It also says that insufficient assets have been realised to enable a dividend to be paid to my creditors. What exactly does this letter mean?
:pB&SC No. 298
Life`s Tragedy is that we get OLD too soon
and WISE too late!
Life`s Tragedy is that we get OLD too soon
and WISE too late!
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Comments
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As long as nothing makes them re-open the file, they have done, does not mean ED may happen, but its the next best thing;):DThats it, i am done, Blind-as-a-Bat has left the forum, for good this time, there is no way I can recover this account, as the password was random, and not recorded, and the email used no longer exits, nor can be recovered to recover the account, goodbye all ………….
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Just means 99% of the OR's work is done and dusted.
The official receiver may apply for his/her release as liquidator/trustee when the administration of a company, partnership or bankruptcy estate is for all practical purposes complete.Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB
IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed0 -
Thanks for the quick replies really appreciate it. Sorry to appear thick but does mean I will not hear from the OR again unless something else comes up.:o:pB&SC No. 298
Life`s Tragedy is that we get OLD too soon
and WISE too late!0 -
In a nutshell....yepWe all die. The goal isn't to live forever, the goal is to create something that will0
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Thanks Phil :pB&SC No. 298
Life`s Tragedy is that we get OLD too soon
and WISE too late!0 -
Thats all really good news for you dojo. It must be nice to think everything is nearing completion.
Mine and DH files have been transferred to National Dividends Unit and RTLU respectively and not heard anything from OR for a long time so hoping its all progressing as it should do. Got about 16 weeks to AD, just feel like im counting down!!
Well done to you, im really pleased for you.
Angie x0 -
Thanks Angie, same to you. 16 weeks, hopefully they will fly by:):pB&SC No. 298
Life`s Tragedy is that we get OLD too soon
and WISE too late!0 -
16wks??????? !!**!!!***!! me thats gone fastWe all die. The goal isn't to live forever, the goal is to create something that will0
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philnicandamy wrote: »16wks??????? !!**!!!***!! me thats gone fast
:rotfl::rotfl:yep, got plenty of new grey hairs though in the time !!0 -
Sorry to bring this thread back up:o But I was wondering, what the chances of getting are BRO/BRU are now that they are asking to be released as trustee?:pB&SC No. 298
Life`s Tragedy is that we get OLD too soon
and WISE too late!0
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