Huge PayPal negative balance of £23k (business accounts)

[London1971]

I don't know what your financial situation is but if the threat is to sell it on to a DCA, it really isn't an immediate worry. 

[London1971]

Maybe, maybe not, but a DCA is not an immediate threat, and can be safely ignored until such a time as if and when a Claimform arrives.  That point in time could be 1, 2, 5 years away or never.  So you losing sleep over this now is pointless.  It's also wasting money paying anything right now.

[London1971]

The DCA can be ignored until you receive a Claim form, at that point you can defend the claim. Debts usually get sold on to DCA's for pence in the pound because there is something wrong with them. When / if the time comes , get back to this thread and we will help you.

Stop worrying about this, it's, keep it at the back of your mind , ignore all the idle threat letters from the DCA. The one you are looking for is a Claim form, so make sure you open all of your mail, but as I say it may never happen.

Whatever happens do not make any payments to the DCA either.

[London1971]

I don't know your financial situation, but I'm guessing it isn't great, after all you are posting on this forum.  This is why I am trying to explain along with other members of the site team, who myself included have been through all this, that all that you should be worrying about are your priority debts eg mortgage / rent, Council Tax Energy Bills etc.

Paying anything to a DCA is a waste of your money, and is actually detrimental in that it keeps the Statute barred clock resetting. You fretting at this point about whether it's EU or UK Juristriction is at the very best a waste of your time and energy, because nothing is going to happen any time soon.

If Paypal were so sure that they could crush you in a court of law, don't you think they would have done it by now?  They have effectively written your £23k  off by selling it to some cowboys for 10p in the pound. Does that seem to you like they are confident it would stand up?

And lets get to the DCA who make their money by sending off speculative claim forms, hoping that they won't be defended, and thereby winning by default. You have found this place where there are all the tools you need to defend if the issue comes up.

Even if you ended up one day with a CCJ on this, honestly your world will not end, welcome to half the UK population! A judge will look at your income and expenses, worst case scenario £50 per month.

Yet here you are worrying yourself sick about a complete non issue. Stop!