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Holy Cow!
toplass5
Posts: 59 Forumite
HI there I wondered if someone can advise me???? I have received this morning a statutoty demand under section 268 (1) (a) of the insolvency act 1986. Debt for Liquidated Sum Payable Immediately, from Cannought Collections Ltd - The Creditor 1st Credit (finance) limited for the sum of £13,000 who are they???? they are giving me 18 days to respond, what shall i do????
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Do you know what the debt is for? I would just reply by writing and say you do not acknowledge the debt. Someone clever will post a link in a bit. TTFN, KazDebt: 16/04/2007:TOTAL DEBT [strike]£92727.75[/strike] £49395.47:eek: :eek: :eek: £43332.28 repaid 100.77% of £43000 target.MFiT T2: Debt [STRIKE]£52856.59[/STRIKE] £6316.14 £46540.45 repaid 101.17% of £46000 target.2013 Target: completely clear my [STRIKE]£6316.14[/STRIKE] £0 mortgage debt. £6316.14 100% repaid.0
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Yes the debt is from about 7-10 years ago. They contacted me last year but would not speak to them they harrassed me with phone calls and letters and eventually stoppped. BUt here they are again.0
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My Total Debt @ 19/4/2007
mortgage £139,000
Secured loan £48,000
Secured loan £10,000
House value £170,000
Income £2053,00
Savings £0
Live by myself & two cats
losing weight & now this!
Hope it makes you feel better at least!0 -
What Shall I Do Go Bankrupt? What................0
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If the debt is unsecured, this is about as legitimate as someone selling you the broklyn bridge.
Scan the letter (both sides) remove personal details & post it here.“The ideas of debtor and creditor as to what constitutes a good time never coincide.”
― P.G. Wodehouse, Love Among the Chickens0 -
This debt was from a long time a go and after many searches I did find where it cam from and it was mine, but it as been so long and it was unsecured. Unfortunately I don't have a scanner!
Kind Regards, for your advice0 -
Type it out then. In particular, I need to know if the letter says anything about what court you can appeal to have it overturned at.
Was this letter sent in the post? Are you sure you last paid the debt 7 years ago?“The ideas of debtor and creditor as to what constitutes a good time never coincide.”
― P.G. Wodehouse, Love Among the Chickens0 -
Righty ho then. With regard to the other debts and your mortgage and asking if you should go bankrupt. Go to the sticky at the top of this forum and work out your soa.
You need incomings outgoings aprs and monthly/ yearly bills.
Your income looks quite reasonable to me so you ought to be able to get out of this without going bankrupt but we need to see a bigger picture.
Start a new thread for your soa and title it toplass5 SOA. Then you can keep it separate from this problem and it won't be so confusing for you to read back.
You may find it easier to start a debt diary a lot of others have done.Debt: 16/04/2007:TOTAL DEBT [strike]£92727.75[/strike] £49395.47:eek: :eek: :eek: £43332.28 repaid 100.77% of £43000 target.MFiT T2: Debt [STRIKE]£52856.59[/STRIKE] £6316.14 £46540.45 repaid 101.17% of £46000 target.2013 Target: completely clear my [STRIKE]£6316.14[/STRIKE] £0 mortgage debt. £6316.14 100% repaid.0 -
Yes the letter was sent in the post.
Demand - my name address
This demand is served on you by the creditor:
1st Credit (finance) Limited
Address R/O Hill House,1 little new street, London EC4A 3TR
The creditor claims that you owe the sum of £13,006.65, full particulars of which are set out on page2, and that it is payable immediately and, to the extent of the sum demanded, is unsecured.
The crditor demands that you pay the above debt or secure or compound for it to the creditors satisfaction.
Signature of individual:
Date:
*position with or relationship to creditor: debt collection agent
*I am authorised to make this demand on the creditors behaf.
Connaught Collections UK Ltd, Airport House, Purely Way, Croydon CRO 0XZ
Tel: 0208 253 0343
n.b the person making this demand must complete the whole of pages 1,2 and parts A,B and C where applicable on page 3 (cont)0 -
Particulars of debt
(these particulars must include (a) when the debt was incurred, (b) the consideration for the debt (or if there is no consideration the way in which it arose) and (c) the amount due as at the date of this demand)
A- The debt was incurred by monies due under a financial agreement. The debtor is in breach of the repayment terms and has failed to adhere to the terms and conditions of the repayment arrangements. The debt has been assigned as shown on part c hereof.
B- the debt is iin respect of outstanding monies owed to the creditor by the debtor for non-payment of a hsbc agreement. The benefit of the debt having been assigned under an agreement to 1st credit (finance) Limited.
C- The amount due at the date of the demand is £13,006.95
(cont)0
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