IOU24
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Posts
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Joined
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Possibly in the next 4 years
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Well I have to make a complete change to my previous self employed status. I have been advised to go to the job centre never done that before? Six months seams reasonable hope the judge does. If I don't mention the looking for a job bit and say I cant pay anything. How likely will the creditor go for a force sale and how long does this take after the charge been applied. I am fed up saying staff I cant keep too, how can anyone say what the future holds. Its just one big headache. To be honest if the charge was applied and just sat there until I sold that would work better for me they would eventually get there money, but I know it wont be that straight forward . iou24
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What sort of time frame would be realistic?
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I can not offer any money to the creditor at present can I still ask the judge to put restrictions on the charge so as I am not forced to sell and offer payment when I find work? many thanks iou24
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It is clear from all the information I have received on here its in my interest to attend the hearing. I know I have left it late but I have had more important things going on and my time has been taken up at hospital, things has eased up so I can focus on this now. I have read the letter again which I received from the creditor with the enclosed interim charging order and it states " evidence will be presented to the court to support the charging order application. If you require sight of this, please write to me advising how you wish to receive the evidence." What information will this be? and is it too late to ask for it now? Will It help me in anyway? What a good start to the new year. iou24 .
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So if I don't attened the hearing or make an offer of a monthly payment they wiil go for a forced sale? What if the creditor doesn't except the offer is this possible who decides the creditor or the judge on the offer? Thanks for your help Iou24
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Thank you for your reply. I am interested in always of defending if I can understand it that's the problem ? If i go along this route and dont object how can I guarantee that after the charge has been put on my house that they don't false me to sell just after. What is stopping them doing that ? Also one of the other post mentioned they could of gone down the route to false me into bankruptcy wonder why they did not choose that route ? Also is it possible to ask for more time ? Thanks once again Iou24
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The answer to the last point I am not sure but I think when the ccj went through they added the regular amount of Interest they where allowed to apply . It doesn't look like I have a lot of options to choose from. What I don't understand is if I do not contests it and a charge is applied to my part of the property does this mean that when I do eventually sell they well be paid, or does this open up the process for the creditor to false me to sell so they can get there money sooner? This is all so confusing Many thanks I do really appreciate your time Iou24
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Answer to your questions 1. Not a limited company 2. A charity debit service 3. The debt in my name only property in joint names 4. No insurance or penalty charges just added interest Thank you
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Thank you so much for your advise I wasn't expecting a reply from anyone, you have been very informative and helpful. You have given me options I didn't know anything about I will go over them and work out what is best for me. Just a couple of qusetion if i dont attend and let the CO go through what happens next? do I still have to make monthly payments? And how can they then force the sale after this . If I decide to take the last option what sort of condition can I ask for to safe guard myself from a forced sale? The hearing is the 15th for the amount of £13,000 Thank you so much. Iou24
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What should I do? I had a Business unsecured loan which turned into a secured ccj and now this month a charging order is being applied for. The debt was on a business which has since closed down. At the time of the ccj I was advised to get help using a debt company which I did and they offered monthly payments on my behalf which was really too much plus my financial problems have got worse (if that's possible) and I am unable to keep up the monthly payments hence I have now a charging order I need to deal with which is coming up very soon. I feel annoyed with myself for getting in this state and annoyed with the creditor as the business loan was from a government backed business centre to help my business grow. I am not saying I shouldn't pay it back but feel let down by a system which was intended to help. Can anyone advise what would be the best way or only way I can deal with this? The thought of attending court is scary! I will appreciate any help thank you. IOU24
