Capquest issue bankruptcy notification *** WON + COSTS ***

[kurvaface]

What a world we live in when you can go from this:

 

I have received a letter today threatening me with bankruptcy.

 

quote "we find ourselves preparing a statutary demand under section 268(1) (a) of the insolvency act 1986 which will be completed on or around the 22nd June 09 which will be served upon you."

 

It then goes on to say I can aply to the court to have it set aside, quoting sections from legal rules etc

 

At the bottom it says I can stop this if I come to an agreement to pay a reduced amount from the origional debt of £1413 to £847

 

The letter also states I could be made bankrupt and my property and goods taken from me. Can they do this if the propert is in my husbands name as well as mine?

 

Please help me understand all this as I am thinking it would be best to settle with them.

 

Thank you for reading this.

 

To this:

 

I today received a cheque for £462,60. :grin::grin::grin:,

 

I am over the moon and thank everyone who helped me along the way.

As soon as the cheque is cleared I will make a donation by way of saying thank you.

 

In less than 250 posts.

 

 

 

That's nearly 2 quid a post

[babybear39]

Just goes to show how great the combined knowledge and community spirit is on here

[kurvaface]

Just remember starling, money can change you. You'll really find out who your friends are:p

[42man]

Starling I think you're a really nice person, I know we've been best friends for years...can I borrow £200 please ?

[DonkeyB]

I'll lend it to you 42man, at 2,385% APR!

[starling]

Starling I think you're a really nice person, I know we've been best friends for years...can I borrow £200 please ?

 

Of course you can. That's 27% apr and if you don't pay it back I'll send in the heavy mob.

[42man]

:lol:

[starling]

I'll lend it to you 42man, at 2,385% APR!

 

Great minds think alike. Hmm, What's the rest of that saying?

[diddydicky]

Of course you can. That's 27% apr and if you don't pay it back I'll send in the heavy mob.

 

that will be a regulated loan then will it? does he have a licence?

[DonkeyB]

Who needs a licence when you have a knuckleduster?

[out of cash]

anyone know if 1st credit ever got a fine for their non pro conduct i do hope so

[desigaand]

thanks for such valuable information on bankruptcy procedures

[Liz Southern]

Belatedly, well done, Starling.

 

Anyone noticed that Capquest's licence expires on 6th January 2010?

 

Liz Southern

[silverfox1961]

Hi

 

 

Capquest have gone a little quiet now so think it is about time you reported them to the OFT if you haven’t done so already.

 

 

Please bear in mind that the template letter on the first page of this thread:

http://www.consumeractiongroup.co.uk...=1#post3422496

 

may not be suitable for all and you will have to adapt it to your own circumstances I.E

You applied to get it set aside and CQ didn't turn up

You applied and CQ agreed to discontinue

You ignored and CQ did nothing

 

 

Today the OFT set out some new guidance and sending SD's as a debt collection tool is now frowned upon.

If you want to read it, here's the link

http://www.oft.gov.uk/shared_oft/consumer_leaflets/credit/OFT664Rev.pdf You can complain by email and the OFT will email you back a form to sign and post back to them for them to be able to add your complaint to their list.

 

 

http://www.oft.gov.uk/contactus;jses...1D83BF0004F6EA