Cabot Financial

November-Man

Morning All,
I have recently used the standard template letters to try and obtain signed agreements from third parties on debt, also, sent the follow up letters and thought that would be the end of it as I have not heard anything for possibly six weeks.
Now had a letter from the above company stating that I still owe them the debt and need to make arrangements to pay until they have an opportunity to acquire the original agreement, is this just bully-boy tactics or can they still enforce the debt at some stage further down the road, i'm retired living on a pension and cannot go bankrupt as I live in the Channel Isles, which means I pay til I die?
Finally, when that does happen can they pester my wife as all the debt is in MY name only.
Thanx, any help gratefully received:)

fermi

They can't enforce it through the courts until they comply with the agreement request. They can still ask you to pay, but up to you whether you do or not.

If debt it is credit debt in your sole name, then they can't make your wife pay. They can claim out of any estate you leave, but when or if there is nothing left in that they just have to write it off.

November-Man

Hi Fermi,
Faster than the speed of light - brilliant thanx:T
November-Man

fermi

No probs.

I knew channel island bankruptcy was different and tougher, but didn't know that. Will have to look it up sometime.