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Help and Advice please
plonker9
Posts: 23 Forumite
Hello ,
I'm 2.5 years past bankruptcy and have today received a letter from the OR with regards my house including the form 6.83.
The letter is basically asking me to make them an offer for the BI (I believe there isn't any!) or if I don't reply they will either put a charge on the estate or appoint a insolvency practitioner in place of them to deal with house ?
The form 6.83 states "the last date under which I am able to serve this notice is 23 June 2013"
I also noticed the form also includes my wife's name even though the house is all my name?
I was under the impression that when my 3 years was up (July 2013) the bi would just revert back to me as the house has no equity .
What are my options anyone?
Should I get 3 valuations to prove thAt their isn't any equity ? ( am I correct to ask the agents to value the properties for a quick sell price.)
Or should I do nothing and not reply and wait to see what July 2013 brings??
Many thanks if anyone can help!
I'm 2.5 years past bankruptcy and have today received a letter from the OR with regards my house including the form 6.83.
The letter is basically asking me to make them an offer for the BI (I believe there isn't any!) or if I don't reply they will either put a charge on the estate or appoint a insolvency practitioner in place of them to deal with house ?
The form 6.83 states "the last date under which I am able to serve this notice is 23 June 2013"
I also noticed the form also includes my wife's name even though the house is all my name?
I was under the impression that when my 3 years was up (July 2013) the bi would just revert back to me as the house has no equity .
What are my options anyone?
Should I get 3 valuations to prove thAt their isn't any equity ? ( am I correct to ask the agents to value the properties for a quick sell price.)
Or should I do nothing and not reply and wait to see what July 2013 brings??
Many thanks if anyone can help!
0
Comments
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Bumping your post up the board as I'm not 100% sure.
Best wishes
IF...x"If wishes were horses, then beggars would ride"
0 -
What does the covering letter sayHi, im Debtinfo, i am an ex insolvency examiner and over the years have personally dealt with thousands of bankruptcy cases.
Please note that any views i put forth are not those of my former employer The Insolvency Service and do not constitute professional advice, you should always seek professional advice before entering insolvency proceedings.0 -
As trustee I have continuing duty to deal with bi in this property for the benefit of your creditors.........
It's is possible to transfer to the bi and legal title to me or friend etc
Once we agree fee after valuations etc...
If you can make me an offer please do so before 22/12
If I have not heard back from you by 22/12 with the required info it is likely I will either
1- take step to put a charge on the property
Or
2- take steps to appoint a insolvency practitioner in place of me. Please note the trustee may take action to realise the interest eg selling it one one else or reaching some other legal agreement ..
That's the bones of it debtinfo?
What do you think? I'm guessing the OR is doing his 2yr 3months review and believes their is equity?
FYI the top value of the house is around 165000 but not for a quick sale and I owe around 160500 on the mortgage . Do they take into account to sell the house will cost around 4k in fees etc?
Appreciate your help!0 -
I would suspect they would feel there is a BI in the property, I would make them an offer."Our prime purpose in this life is to help others. And if you can't help them, at least don't hurt them." Dalai Lama0
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