Had our OR Interview today

fermi

Yep, that's really great news.:j

And I agree, your sister is an :A.

wok_boy

What a great sister, really glad you've landed on your feet

scaredwitless32

Thats good news, your very lucky to have such a good sister! :T

taib0

I know she's fab and if she wasn't my sister I'd of married her years ago ha ha

Thanks guys,

Taib0

debt_doctor

Hi TaibO,
Apart from the taxi hiccup glad it turned out alright for you all !!

Great news !:beer:

Best,

DD

taib0

Hi Debt Doctor nice to hear from you,

Yep, I think all things being equal we've done ok really. I am a little worried that the OR said that if the charging orders on our house have not yet been made final......then he will pass our case to an Insolvency practioner !! ( He thinks they may still be interim charging orders) Don't really understand what he means and what the consequences will be but we will have to wait and see.

Regards, Taib0

fermi

A far as I remember taib0, an interim charging order is one that hasn't been finalised by the court yet. Loads of info here: http://www.nationaldebtline.co.uk/england_wales/factsheet.php?page=15_charging_orders_in_the_county_court

The application for a charging order always has two stages.

Stage one - the interim order
The creditor makes an application for a charging order and the court will make what is called an interim charging order if it is satisfied that you own, or have a part share (an interest), in the property in question. This is not the final order. An interim charging order is usually made automatically without a hearing and a date for a full hearing is set. A copy of the interim order will be sent to you. This should be done at least 21 days before the hearing date set by the district judge. The hearing is for the court to decide whether or not to make the charging order permanent ('Final'). This hearing is likely to be held in the district judge's private rooms.
The creditor will also register the interim charging order as a 'caution' on your property with the Land Registry who should inform you of this in writing. This means you cannot sell the property before the hearing.

Stage two - the final charging order
The second stage is the court hearing in front of the district judge. At this hearing the court will decide whether to make a permanent charge on the property. This is called a final charging order. If you object to a charging order being made final then you should send the creditor and the court written evidence stating why you object. You should do this at least seven days before the hearing. This could be in the form of a letter of objection outlining all the arguments you have for why the charging order should not be made. This should be sent by registered post to both the creditor and the court.

It's perfectly normal for any property matters to be passed over to an IP/Trustee, so that is not necessarily bad news.

taib0

Thanks fermi, I didn't realise what it meant to be honest thank you. The OR has said that if the charging orders are final then our insolvency will stay in house with the them. If they are still interim orders then our insolvency will be passed out to an IP who deal with the property and our taxi !!. It just scared me a bit because I have got to know the OR now and seems a really decent bloke and has explained whats going to happen. If it does go out to an IP can he reverse the OR's decision not to impose an IPA ? god I hope not,

Thanks guys,
Taib0