I've just received a letter from my OR which is so full of legalistic jargon as to be incomprehensible and I wondered whether someone could explain it to me in layman's terms.
It is a notice that my home “falls under Section 283A of the Insolvency Act 1986”.
What does this mean?
I recently had my home valued as requested by the OR and the valuation confirms that I am in negative equity. I am hoping that this letter is confirmation that my home will now not be repossessed, as promised by the OR should I be able to provide such confirmation.
Thanks for your help
RD
Edited by - Sunshine_Girl on 18 January 2009 14:27:23
Hi I've just received a letter from my OR
Posted - 18 January 2009 : 11:20:15
