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Housing
Senior Member
United Kingdom
1399 Posts |
 Posted - 12 August 2009 : 10:41:34
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hi,
One of my creditors listed on the SOA is owed £15,000. He is an unconventional lender!! (I have Trading Standards investigating him at present to see if he complies with all the rules that cover his licence)
He said he will put a charge on my property. My wife is in the middle of buying the BI, not completed as yet in process with OR nominated solicitor.
Any advice welcome, Richard |
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Jane.l
Average Member
511 Posts |
Posted - 12 August 2009 : 10:51:11
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| If you are already bankrupt, I cannot see how he can put a charge on your property, the debt should be written off |
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Housing
Senior Member
United Kingdom
1399 Posts |
Posted - 12 August 2009 : 10:58:32
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Jane.1 
That was my view too - I think he is trying to stress my wife and I. I am not a lawyer, although many many years ago, I studied law as a post graduate student (never went further). What I understand is that as his loan is contained within my SOA and therefore my BR, then he cannot make a fresh claim to have the debt passed over and claim back in another way.
He is a nasty loan shark I am afraid and before my BR, like so many of us, I got hooked in - I was open with the OR at my interview and said make sure he does not "threaten" you... He is that nasty I am afraid!!
As I said I went to Trading Standards and they are investigating him and his tactics - a report is going to the OFT and we hope his "licence to lend" will be removed...
Thank you and hope that your situation is all going well, My regards, Richard |
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Jane.l
Average Member
511 Posts |
Posted - 12 August 2009 : 11:14:58
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| I'd let the OR know too of this person's behaviour |
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Housing
Senior Member
United Kingdom
1399 Posts |
Posted - 12 August 2009 : 11:27:56
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Jane.1 
Thank you for that - I did mention him to the OR at my interview that he was a nasty piece of work (even though he is 82 - he has his "followers").
The local Trading Standards team have interviewed him under caution and will be submitting (this week) a report to the OFT recomending he has his licence taken away.
I will get back to the OR in a short note (as they are busy) and that way it will be on file.
Thanks again, Richard |
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 13 August 2009 : 19:53:08
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I hope you get it sorted as these sort of people need taking off the streets!
The glimmer gets brighter all the time
Jan
xx |
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Charge
