I had tills on lease purchase
- put in lump deposit towards finance and then paid monthly.
it was a 3 year deal, but unfortunately recession hit and i stopped paying, so only about 1yr in.
initially they chased for cash and repossession of tills
- havent got a problem with that but was reluctant to give back asset until a written agreement reached.
meanwhile they have now served court papers going for a CCJ to recoup monies. but no mention of actual asset.
MY QUERY is this...
... if they win CCJ
[which to be honest is the least of my financial worries at the moment and my credit is shot to hell anyway; but I will put in an I&E to show difficulties with repaying to request a pay plan] are they still entitled to the asset?
they do not mention it at all in their CCJ
- do they waive their rights by doing the CCJ and not referring to the asset.
selling the asset will not repay the whole debt.
thank for any help.