All Forums  archive  Forum Questions  Joint and several agreement for bank overdraft.

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Screensize: 640 x 480 800 x 600 1024 x 768 1280 x 1024 UserName: Password: Format Mode: Basic  Help  Prompt  Format: Font Andale Mono Arial Arial Black Book Antiqua Century Gothic Comic Sans MS Courier New Georgia Impact Lucida Console Script MT Bold Stencil Tahoma Times New Roman Trebuchet MS Verdana   Size 1 2 3 4 5 6   Color Black Red Yellow Pink Green Orange Purple Blue Beige Brown Teal Navy Maroon LimeGreen Message: * HTML is OFF * Forum Code is ON Smilies [quote][i]Originally posted by Nigel.ew[/i] [br]I have signed a joint and several agreement for the bank overdraft. Company has been liquidated and now the bank wants its £9000. Other joint and several director says he's not going to pay. Make me bankrupt. I want this debd off my back but want him to pay half. he has money but has salted it away with daughters. Can I negotiate with the bank. They have said they will accept £7200 as a lump sum but I don't have that but could come up with £3500. Any advice welcome. I know the bank is entitled just to chase me for the full amount but is there some way I can chase the other party without incurring huge solicitors bills. [/quote]   Check here to include your profile signature. Check here to subscribe to this topic.