In my capacity as Receiver and Liquidator of insolvent companies I have agreed TICs where there was a sufficient bond in place. In some cases I was able to complete the TIC and obtain a refund of some of the bond. In other cases there was insufficient bond monies or funding available so the TIC did not take place.I don't know that much about voluntary liquidation but I think it can only be accomplished if a company is solvent
Thanks for the tip re the planning files I've found letters indicating that the bond is still in place though it seems small just 400k.The Taking in Charge ("TIC") process is very difficult for many developers to navigate.
Councils are very wary of taking on developments, and carry out detailed surveys involving CCTV surveys of sewers etc. Some developments that have their own Waste Water Treatment Plants can be particularly problematical if the WWTP has not been properly maintained.
In your case the developer would have provided a performance bond which the Council should use to complete the TIC process. Any solicitor acting for a purchaser of the house should have assessed the TIC issues before completion. If you access the online planning files maintained by KCC you should see correspondence between solicitors acting for house purchasers and KCC which should provide you some guidance as to the current status of the TIC process.
You should also contact your local councillor and ask them to assist.
Jim Stafford
If the bond was put in place 18 years ago then construction inflation may have dwarfed it.Thanks for the tip re the planning files I've found letters indicating that the bond is still in place though it seems small just 400k
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