1-Can we argue it was our creditors' fault? 2-If the judge finally makes my partner banrupt, what can happen to our business loan, to my personal loan, to our working tax credit and other benefits? my partner(in life and in business partnership) might be made bankrupt by our commercial landlord (my partner signed the lease on his own). We do not possess anything of value at all. We rent our home. We are on a low income and get benefit help at the moment. We sell our creations and added tattooing in order to get more income and be able to finish our lease. It gave us just the capital to carry on. We intended to finish our lease then trade exclusively online which meant we would earn more as we would not have such high bills any more.We got into arrears when we lost capital/investing capital after our landlord took our subcontractor tattooist and gave him a unit in our shopping arcade exactly in front of us. Can we argue it was their fault? We still have 2+ years on our lease. We have asked them to scrap the lease and let us repay slowly. They have not accepted. They sent us a Statutory Demand with the wrong amount (They ask £15000 we owe £10000). We have applied to have the Demand set aside for the reason we dispute the amount. The landlord told us they want to make us bankrupt so they will probably serve us with another SD if this one is set aside. That’s as far as we got...
Edited by - Beatrice.rb on 04 February 2012 11:42:16
+ we paid nothing towards our commercial rent since August. We were talking with our landlord and we were waiting for them to confirm their offer of a six months rent freeze which never materialised. Our debt was growing too much so we asked them to scrap the lease, let us out and let us pay monthly for the debt. they refused. The question is: SHOULD WE HAVE CONTINUED PAYING SOMETHING HOWEVER SMALL EVERY MONTH in order to show we were willing, would the judge prefer it if we had? To be honest at the time we invested every scrap of money we had because we were desperate to just have something to sell.
Edited by - Beatrice.rb on 04 February 2012 11:42:52
Can we argue it was our creditors' fault?
Posted - 04 February 2012 : 00:43:36
