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worriedwife
Starting Member
United Kingdom
43 Posts |
 Posted - 20 December 2009 : 20:37:52
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Hi after 9 mts of dealing with recovery company , passed on to us after 4 hrs with solicitor , 3 weeks ago the recovery company decided an IVA was not the best option ,that B/R would be a better . !im angry , all these months of worry , B/R could have started 9 mths ago ! acted for us after 7 mths then started sending us recovery letters from one of our creditors !! acting for us and against us ! husband contacted them about this , after that they became less interested , husband went to see them and they said we now think best option be B/R . advised me to buy my husbands out of our shared property told him creditors would more than likely accept an IVA with funds available . I proceeded with mortgage 4 weeks before completion they said ask your lender to delay ! at the same time my husband recieved a recovery letter from them !strange then we were no longer right for an IVA . I took advice was advised to get mortgage asap , a charge could be put on property ! new mortgage done 4 weeks ago and banked husbands equity for who ever may request it . im sure not done anything illegal. Im not involved in B/R im a wife supporting a husband !
Husband had buisness struggled with recession and lost £30k a month turn- over B/R customers .As LTD they asked the bank to accomodate with slow finacial period ! no help or options , There accountants advised insolvency . It was LTD , required was his PG £15k . traded alone for 10y join forces with patner and all machinery and assets in the new company ! other company is in solvent 3 creditor of machinery are now saying they go back to original signature on finance we now got £90k !to find ! £15k is personal debt he has £25k lock stock and barrel !!!!!! SO AFTER ALL THAT story will he be looked upon as bad in B/R and do you think B/R is his best option ,sorry its a long story, which only seems to get longer
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Hi after 9 mts of dealing with recovery company
