Bankruptcy

[Tony T]

Hi, im new here today as it seems very intereting place for asistance, i would like some help please on bankcruptcy if possible. I have received a Statutory demand for a debt that i was not liable for albeit the same debt was levied on some property that i co-owned and has signatory power over, the persons/Company that were liable for the repayment of the debt never paid and subsequently went bankrcrupt that then left the creditor with security charge over the property that i allowed as part of the agreement. I agreed with the creditor to repay the funds myself if they agreed to up-lift the charge and a Tomlin order was then agreed and sanctioned by the court. The creditor then failed to agree to the up-lifting of the charge and i subsequently issued a statutory demand, i responded to this and never heard anything back from the court and changed my residential address to then find that i have recieved a bankruptcy petition hand delivered to me in person outside my new address, this confirmed that the court has requested that i should have made a payment (for the court application) when i made my application against the statutory demand albeit to my old addres and when i never responded they agreed to the order and subsequently i have received the bankruptcy petition and a court date in my local court. I firstly was not liable for the debt as others were, now i have a bankruptcy order and a court date to attend, the debt is secured and i need to know if i can stop this action now being carried out.

 

Appreciate any asistance and help.

 

Regards

 

Tony

[MARTIN3030]

Who were the Debt collectors involved here ?

[Tony T]

Hi Martin, that was a quick response, the debt collectors were a private individual

[42man]

If the debt is secured then they should not be issuing a petition - a statutory demand can only be issued for an unsecured debt.