RBS letter

jasonaberdeen

hi all

i recieved a letter from RBS today some 2 years after my business went into adminastration, havent heard a single word from them in 2 years and i just got a letter saying the following:

"we are reviewing the above account for closure and require disposal instructions for the £14,000 held in security. please contact us as soon as possible to provide instructions to recieve these funds."

the £14,000 is the business loan security (half of the other half was provided by my business partner at the time in the form of a second charge over his property) i gave in cash some 5 years ago.

what i cant understand is they are it seems wanting to give me this back but the company closed owning some debts to the bank and to others, i had assumed i was never going to see this security again as i thought the bank / adminastratiors would have just taken it to cover the outstanding.

i have been waiting for a charge of payment for some personal and what i thought would be business debts to i can go to court and claim insolvancy (i have a monthly disposable income of about £50 per month but debts i worked out at nearly £45,000 so as you can imagne i cant pay these debts off) but what do i do now with this £14,000 if its coming my way ? anyone any ideas also when i call them back should i ask if there is any intrest on the £14,000 or is that chancing it a bit too far ?

yours, confused and skint

Jasonaberdeen