bob shaw
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And we have a new entry into the ring: Capquest Whoever are they .
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And... now Robinson Way are trying their luck. On one hand I'm temped to tell them to go raffle themselves but on the other hand you know it'll just set them off so, on balance, I think its bin time again.
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And here we go again (nearly two years later). A new letter from Wescot trying their luck. Straight into the bin.
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Can creditor get a Charging Order if there is no equity left?
bob shaw replied to bob shaw's topic in Financial Legal Issues
Well, all the money was spent in the business (which is Ltd) but I wasn't thinking forward. I didn't think it was going to fail (actually I was stiffed by my US based partner) so I borrowed the money as an individual and put it into the company. With hindsight I should have asked people to put the money directly into the company. I don't think my creditor can instigate a BR. It'd be foolish. With no chance of money from the house that leaves my earnings which are then split x ways between all creditors. I very much doubt his share would cover the cost of the BR. Would a judge even grant a BR under those circumstances? -
Can creditor get a Charging Order if there is no equity left?
bob shaw replied to bob shaw's topic in Financial Legal Issues
OK, I'll take my chances with the CC. I can't see how you can get a CO on equity that's set aside against a previous CO. So that leaves... other action... I'm thinking bankruptcy but if I have no income to speak of & no assets and I don't contest the bankruptcy he'll end up paying all the costs and won't get a penny. He could still do it out of spite I suppose... -
Can creditor get a Charging Order if there is no equity left?
bob shaw replied to bob shaw's topic in Financial Legal Issues
Sorry I just noticed you said "simply ans is yes" Yes to which question? He can make more trouble or He can get a charging order even if there's no equity left? Thanks, Bob. -
Can creditor get a Charging Order if there is no equity left?
bob shaw replied to bob shaw's topic in Financial Legal Issues
so he gets his CCJ... what then? He applies for bankruptcy? -
Hi All, I had a business back in 2007 and when it went pear shaped a lot of people helped me out on the basis that I would pay them back when I could. Sadly things have not gone well. Bad to worse really. I have been unable to repay significantly anyone that helped me. That apart, no one except one creditor seems to be worried about it. This guy wants a charging order on my house. I cannot at the moment make any sensible offer of payment and I am concerned that the charging order is the first step to an order for sale. Now there's not that much equity in my home. I could voluntarily grant my eh.. non-combative creditors a second charge collectively in the amount of the equity in the house. My question really is... can this guy get a charging order once there's no equity or can he make other trouble for me if he can't get the charge? Thanks, Bob.
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So... not completely unexpected but I have had a letter from Wescot claiming to act for Santander (who I guess have bought Cahoot?) offering me the option to phone them to discuss a settlement or payment review. Obviously I kept the letter from Cahoot saying the debt was written off. I'm thinking I might just let Wescot keep sending me letters. They can do what they like up to and including court action. The debt is written off and I have documentary evidence.
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Can my friend 'sell' a personal debt to another individual?
bob shaw replied to bob shaw's topic in General Legal Issues
That's what I thought. Wasn't sure though. Had to ask -
I've got a friend I owe a five figure sum to. We've not really spoken about it much because he knows my situation (ie poor) I don't think he's got any doubt I'd pay him back if I could (and I would) but he's got this other friend who's saying, 'You're being taken for a ride. Sell me half the debt and I'll put the screws on him. ' Can the guy I owe money to sell part of the debt and that would become legally enforceable debt? I have no agreement with the guy who lent me the money other than I have signed an IOU that simply states I owe him the money. I'm not bothered if the other guy buys the debt just so long as he can't bankrupt me which is the kind of person he is.
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I also have had the same letter from Cahoot on 28/10/2014. Debt written off. Make no further payments, etc. It is for a Cahoot Credit card debt of about £2500. I was making regular payments of £1. I have a Cahoot personal loan as well but have received no word from them about that as yet.
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OK, thanks for that. I didn't realise that the Excise and Police take different views on how a private/public road is defined. It does make sense though. It would be interesting to know if there is a legal ie Road Traffic Act requirement for insurance even on private roads. I imagine that if the road has public right of way, there will be a requirement for both MOT & Insurance. Cheers, Bob.
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Just for clarification, private roads are only private if they are gated and have been so for at least 3 years. I go to work through an industrial estate full of unadopted 'private' roads but the traffic regs apply to all of them because the public have unfettered through access. Normal traffic regs to do with tax discs, insurance, etc all apply on any road, culdesac, close, etc so long as you don't have to stop at a barrier. Note that this does not apply to parking restrictions & penalties as these *do* pertain to who owns & maintains the road itself. E.g. the council cannot paint yellow lines on the private roads around my industrial estate but the police could arrest me for driving on them without insurance or valid tax. Cheers, Bob.
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Hi All, I've been burned by the DVLA 3 times for no SORN. They send out the SORN letter 2 weeks before you can SORN your car online. So you stick the form next to the computer and it gets covered with other stuff and... you end up with a fine. I have cars that haven't moved in years & aren't likely to either. I saw this recently and it looks like a solution (for me at any rate). autosorn.com You put in your details, pay them a quid and they SORN the car on the date you choose. If they cock-up, they pay your fine. Haven't tried it yet but I think I will. Can't be worse than the 120 quid I've already given to the thieving DVLA. Cheers, Bob.
