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Beneficial Interest Question - Making an Offer to the OR
Ana_B
Posts: 2 Newbie
Hi all,
My situation is this: Our house has been valued and the OR has decided that there is £9k of beneficial interest. It is now up to us to make an offer to purchase the interest or have a charging order placed on the property for that amount. My question is - we can raise from family and friends a total of £3500. Does anyone know if this would be an acceptable offer to the OR or are we being completely unrealistic? The debt we went bankrupt for in the first place was not much more!!!
Thanks in advance!
My situation is this: Our house has been valued and the OR has decided that there is £9k of beneficial interest. It is now up to us to make an offer to purchase the interest or have a charging order placed on the property for that amount. My question is - we can raise from family and friends a total of £3500. Does anyone know if this would be an acceptable offer to the OR or are we being completely unrealistic? The debt we went bankrupt for in the first place was not much more!!!
Thanks in advance!
0
Comments
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Hi
I'm not sure what sort of amount they usually see as acceptable but there's no harm in making an offer to find out.
James
@natdebtlineWe work as money advisers for National Debtline and have specific permission from MSE to post to try to help those in debt. Read more information on National Debtline in MSE's Debt Problems: What to do and where to get help guide. If you find you're struggling with debt and need further help try our online advice tool My Money Steps0
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