Copy of OR's Bankruptcy Report

Butts

I have pulled this out of my "Discharged" Thread as it seems to have been overlooked.

Why don't you get a copy of the report the OR sends to creditors at the start and end of your Bankruptcy.

I'd love to see whats contained within it.

As we contribute to the cost of bankruptcy via the fee should we not have a right to see it as it is about us after all ?

mwarby

I would hazard a guess that the language used in reports sent to creditors may be rather technical and legalese.

If that's the case they probably don't send to the bankrupt to avoid unnecessary confusion and worry(and the costs of dealing with worried bankrupts). There is also a cost in printing and sending these(not much per bankrupt, but would add up)

Have you asked the OR for copies ?

74mrjones

I put a family member as a creditor so any letters the OR sent out I had a copy.

Butts

74mrjones wrote: »

I put a family member as a creditor so any letters the OR sent out I had a copy.

Was Mwarby correct - ie about it being all "legalise" ?

luvchocolate

I did get a report from my trustee when they had finished their work.

Butts

luvchocolate wrote: »

I did get a report from my trustee when they had finished their work.

As I understand it the OR sends out a report at the commencement of Bankruptcy which I imagine details all your debts and assets etc and any likely dividend from an IPA etc.

Prior to discharge I believe they send out another one detailing what they have been able to realise etc - in my case SFA.

Just curious to see what it looks like and the exact content.

74mrjones

I did owe a family member money so technically it was all above board.

TheGardener

I suppose the principle of BR is that ALL financial affairs are lifted from you - for the 12 mths of BR you are not responsible for any debts or repayments. Therefore, logically, as you no longer have any responsibility or liability - the reports are not for you - you have no influence over them nor (to my knowledge)can you disagree or challenge the contents - so why would the OR send you a copy? The report is not for you - its for your creditors.

The whole point of BR is that you get to walk away and have a fresh start - the door on that part of your financial life is then closed - why would any BR want to receive the report anyway?

You know what 'curiosity did' …

Butts

TheGardener wrote: »

I suppose the principle of BR is that ALL financial affairs are lifted from you - for the 12 mths of BR you are not responsible for any debts or repayments. Therefore, logically, as you no longer have any responsibility or liability - the reports are not for you - you have no influence over them nor (to my knowledge)can you disagree or challenge the contents - so why would the OR send you a copy? The report is not for you - its for your creditors.

The whole point of BR is that you get to walk away and have a fresh start - the door on that part of your financial life is then closed - why would any BR want to receive the report anyway?

You know what 'curiosity did' …

I wouldn't mind using one of my "nine lives" to have access to said document

JCS1

It's all standard legal information, with only a sentence or two about what happened.

london1973

I had a friendly creditor in my BR who sent me the report the OR sends to creditors at the start-it goes out a few weeks after the interview

Its not particularly legalese-why would it be? It briefly summarises your financial circumstances, gives a one-word reason for your BR, in my case it just said ‘illness’, lists the debts owed (by category not creditor) and in my case said a creditors meeting would not be called as there was no likely prospect of any distribution of funds-it also invites creditors to provide any info on the BR they might deem of use-i suppose if a creditor knows the BR is hiding funds etc he has a chance to disclose-

Thats pretty much it-very matter of fact