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Note of caution - Lowell portfolio/financial/Hamptons Legal & bankruptcy proceedings

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  • mjm3346
    mjm3346 Posts: 47,291 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Maybe a silly question but if they seek to make someone bankrupt who has no assets and no prospect of making any payments doesn't it just cost them and save the bankrupt the bankruptcy fee?
  • debtinfo
    debtinfo Posts: 7,012 Forumite
    Funny enough every bankruptcy order I have seen from Lowell portfolio has had a property with equity
    Hi, im Debtinfo, i am an ex insolvency examiner and over the years have personally dealt with thousands of bankruptcy cases.
    Please note that any views i put forth are not those of my former employer The Insolvency Service and do not constitute professional advice, you should always seek professional advice before entering insolvency proceedings.
  • rossireps
    rossireps Posts: 721 Forumite
    debtinfo wrote: »
    Funny enough every bankruptcy order I have seen from Lowell portfolio has had a property with equity
    who do they work with di?
    as in what company,i had a fair few dca's but not this one.
    its a good question from mjm isnt it?
    James tucker
    Flight 705 My hero :)
  • Deep_In_Debt
    Deep_In_Debt Posts: 8,579 Forumite
    Part of the Furniture 1,000 Posts Photogenic Mortgage-free Glee!
    Yikes! One of my debts is with Lowell and I have equity in my property. They bought my debt several years ago now and they've not done anything as yet; in fact I've not heard from them since 2009 (I've been paying them via CCCS) but maybe they will pull a sneaky when I'm least expecting it.

    Thanks for the warning. I shall keep a look out for post from them just in case.
    Debt 30k in 2008.:eek::o Cleared all my debt in 2013 and loving being debt free :)
    Mortgage free since 2014 :)
  • debtinfo
    debtinfo Posts: 7,012 Forumite
    rossireps wrote: »
    who do they work with di?
    as in what company,i had a fair few dca's but not this one.
    its a good question from mjm isnt it?

    Lowell are the DCA, Hamptons are the solicitors that they use to take the action
    Hi, im Debtinfo, i am an ex insolvency examiner and over the years have personally dealt with thousands of bankruptcy cases.
    Please note that any views i put forth are not those of my former employer The Insolvency Service and do not constitute professional advice, you should always seek professional advice before entering insolvency proceedings.
  • rossireps
    rossireps Posts: 721 Forumite
    i must have been lucky then out of all my dca's i didnt have them.
    mind you as i went br dont suppose it really matters
    James tucker
    Flight 705 My hero :)
  • Deep_In_Debt
    Deep_In_Debt Posts: 8,579 Forumite
    Part of the Furniture 1,000 Posts Photogenic Mortgage-free Glee!
    They are not the most pleasant of DCA...pond life.

    I wound them up a little bit when I started my dmp in 2008 so I don't think they like me very much. I refused to be bullied by them and raised various complaints about their behaviour which is probably why I've not heard from them for a few years. However, I will now be waiting for them to try and get their own back. They can try.
    Debt 30k in 2008.:eek::o Cleared all my debt in 2013 and loving being debt free :)
    Mortgage free since 2014 :)
  • rossireps
    rossireps Posts: 721 Forumite
    Deep_In_Debt wrote: »
    They are not the most pleasant of DCA...pond life.

    I wound them up a little bit when I started my dmp in 2008 so I don't think they like me very much. I refused to be bullied by them and raised various complaints about their behaviour which is probably why I've not heard from them for a few years. However, I will now be waiting for them to try and get their own back. They can try.
    they must share the pond with moroncroft then :rotfl::rotfl:
    James tucker
    Flight 705 My hero :)
  • 1step-at-a-time
    1step-at-a-time Posts: 57 Forumite
    Just got some letters of these people today. Threats of CCJs and then Bankruptcy or Charging Order over the property. I have to say that when in my arrangement to pay with them they were one of the easier ones to deal with, but one missed payment and straight to the throat. Good job the threats mean nothing to me now. Almost looking forward to posting them the letter with my copy BO!
  • fermi
    fermi Posts: 40,542 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker Rampant Recycler
    Statutory demand from Lowells where someone has £60K of equity. Ouch!

    https://forums.moneysavingexpert.com/discussion/4213821
    Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB

    IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed
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