I’m hoping someone could advise on this.
My in laws had to file for bankruptcy around 2002. They were discharged (and have the certificate) but due to the circumstances of the causes of the bankruptcy they have since been rewarded government compensation.
They have received around 23% of this but the remainder is being held by the official receiver who has told them that the original creditors have been contacted to see if they want to “waive their right to their claim”.
We’re confused by this and the OR has been less than helpful in explaining why the creditors still have a claim after discharge (it’s not car loans or mortgages etc).
I was a creditor in a bankruptcy case and after a year I have no legal claim anymore.
Can anyone explain why creditors may be able to still claim all these years later and whether the payment to them would be passive (they receive it unless they say they don’t want to claim) or active (they have to actively claim it).
The OR contacted creditors in July and the majority still haven’t responded. He’s indicated he would pay out eventually to all unless they say they don’t want to claim.