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Housing
Senior Member
United Kingdom
1399 Posts |
 Posted - 19 November 2009 : 13:17:46
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Hi - a simple and maybe obvious question...
Why would a BR be registered on the Insolvency register (www.insolvency.gov.uk) and the particular office of the OR listed, PLUS the name and address of an Insolvency Practitioner also listed on the site?
Just curious, the IP has been added in the last dew days.
Thanks, Richard (maybe being a bit naive)
"There are no problems - only solutions..." |
Edited by - Housing on 19 November 2009 13:18:28 |
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Jane.l
Average Member
511 Posts |
Posted - 19 November 2009 : 14:38:53
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| If there are assets involved, then an IP can be appointed |
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Housing
Senior Member
United Kingdom
1399 Posts |
Posted - 19 November 2009 : 14:43:13
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Thanks Jane -does the OR appoint/nominate the IP (again, sorry for being a bit dim today!!) (Dimmer, my wife would say!!)
Hope you are well and your family -have not see many posts from you recently...Is that a good thing? Are you nearing discharge of your BR?
regards, Richard
"There are no problems - only solutions..." |
Edited by - Housing on 19 November 2009 14:44:23 |
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gettingoutofdebt
forum expert
2418 Posts |
Posted - 19 November 2009 : 15:32:42
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| Yes, the OR would appoint the IP. I assume they have particular companies that they use. |
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Jane.l
Average Member
511 Posts |
Posted - 19 November 2009 : 15:54:13
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yes, unfortunately I have not much time for the forum nowadays, I am back working in the NHS, back to what I did before all this mess and stress of the bankruptcy 
I was discharged after 6 months from my bankruptcy in 2007 (I was not working at the time, stress, etc) I still try and look in here when I can, I don't suppose it is something I will ever forget going through, it has had a big impact on my life, everything has changed so much but now I have a permanent job again, I am really looking forward to the future |
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Housing
Senior Member
United Kingdom
1399 Posts |
Posted - 19 November 2009 : 15:55:59
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Hi gettingoutofdebt,
Thanks for that - I may sound awful, but this is a one time friend that was instrumental in my BR (long story!). He was a friend of 40 years...but stirched me up.
He was made BR by a creditor and he has (it is believed) "transferred" assets to his wife (I add allegedly) within the past 3 years. It is inevitable that the OR will track this down - he has also transferred his business to his wifes name
Is this an OR appointmnet of the IP and is this a possible indication that he is being caught up for his (alleged) actions?
It may sound venemous, but he has caused me so much personal grief - long story and not one for the forum really
Any more info about what happens when the OR appoints an IP welcome though!!
My best regards, Richard
"There are no problems - only solutions..." |
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Housing
Senior Member
United Kingdom
1399 Posts |
Posted - 19 November 2009 : 16:05:52
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Thanks again Jane 
Glad you are up and running and cooking on gas.... I will never forget the experience - it has made me a more disciplined person - although could have done without the trauma - I am six months into my BR and hoping it will end sooner rather than later - although, resigned myself to the 12 months at this stage
Good luck and thanks again, Richard
"There are no problems - only solutions..." |
Edited by - Housing on 19 November 2009 16:06:33 |
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RHB
Senior Member
1159 Posts |
Posted - 19 November 2009 : 16:56:00
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| Assets transferred to a wife can be looked st for any period of time if it is done in order to hide or possibly hide them. |
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Housing
Senior Member
United Kingdom
1399 Posts |
Posted - 19 November 2009 : 17:23:02
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Thanks RHB - I wondered whether the fact that an IP had been appointed was due to suspicions from the ORs investigations? I just happened to notice the addition of the IP on the website.
I would not normally want to see anyone suffer, bit this particular person deserves all that he gets...
Cheers, Richard
"There are no problems - only solutions..." |
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debtinfo
forum expert
2826 Posts |
Posted - 19 November 2009 : 18:24:01
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Hi Richard, On the IP point.
Technically it is the creditors who appoint the IP, either by a meeting or a request to the secretary of state. The OR will normally ask the creditors to think about apointing the IP if they think that either the assets are large enough to attract a nomination (IP's are quite expensive) or if the asset is difficult to realise (the IP may have particular expertise in cetain areas). What you have described where a court order may need to be obtained to overturn a previous transaction is certainly the sort of thing which might go to an IP.
Just to point out that the reason they are both there is that the OR retains responsibility of investigating the conduct of the bankrupt, The IP looks at asset realisations. |
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gettingoutofdebt
forum expert
2418 Posts |
Posted - 19 November 2009 : 18:32:22
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quote:
Is this an OR appointment of the IP and is this a possible indication that he is being caught up for his (alleged) actions?
The IP will have been appointed based on the OR's investigations but it will be up to the IP to investigate whether anything untoward has happened or not.
I am a big believer in the saying 'What goes around, comes around' and have seen this happen to numerous people in the past. The Insolvency people are extremely thorough and transferring of assets is something that they will definitely investigate as it could mean that they, and creditors, would be entitled to a share of those assets.
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Housing
Senior Member
United Kingdom
1399 Posts |
Posted - 19 November 2009 : 19:32:32
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Hello again
Thank you so much from gettingoutofdebt and debtinfo.
Yes, what goes round comes round - I too and my wife believe that and we (hope) we are seeing some justice at the end of a long tunnel.
It is too long and probably boring story - this particular person is almost exclusively responsible for my BR (I am being careful in what I say.)
I had borrowed too much and that is the story for many of us that post here. However, I probably could have avoided BR, but for this nasty person. I do not have a malicious bone in my body, but for this one exception who almost totally ruined my life and the lives of my family.
There is a God - not being over the top here - but as you say, "what goes round, comes round" This man and his cronies (money lenders and the like) will get what is coming - both barrels!!
Back to your two posts - thank you for confirming what I had thought was happening...
regards as ever, Richard - Between us on this forum we do assist each other and as will be seen from my posts, I will, if I can, help anyone who has the need for it - for most of us, BR is a difficult chapter of our lives, for some who play with fire, they deserve to get burnt! There, I feel better now.
"There are no problems - only solutions..." |
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Individual Insolvency register
