Statutory Demand

kazzaj

Hi
You may recall I posted recently as I owed a child care establishment a substantial sum following previous difficulties. The debt was passed on to two collection agencies at the same time, one of which who went into liquidation. The debt was therefore passed back to the original agency who are once again pursuing me for payment.
I have sent a schedule of income and expenditure and have now received a letter telling me that I can not include Sky TV or broadband and that I need to cut back on my clothing/uniform/work wear budget and that they will not accept less than £50 per month - I was offering £20.
The outstanding debt is approx £3000 but they have added on interest and charges to bring the balance at just over £4000.
What they are telling me now is that they will issue a statutory demand in bankruptcy if I dont pay £50 each month and that my house will then be sold to pay the debt.
This is obviously quite alarming for me. Can anyone advise me whether they can actually do this?
Thanks

newmum1

Im not 100% but i dont think they would be able to sell your house to pay the debt i think dont quote me that it has to be above a certain amount before they can do that, im sure if im wrong someone will correct me shortly.

kazzaj

Thanks newmum. If anyone else can advise, it would be appreciated.
Thanks

kazzaj

Thank you so much. Your advise is much appreciated

immoral_angeluk

Are you sky and broadband in minimum term contracts? If so send them an updated SOA with the dates that these contracts will be up so at least for the time being they weill accept a reduced payment until a later date.

kazzaj

I can put up with a lot, but it does worry me somewhat when they threaten to make me bankrupt and take away my house, making me and my children homeless. Its a scary thought. I accept they I owe them money, and I am quite happy to pay, but I cant give them what I havent got.
Are they allowed to add all this interest and charges in the absence of a formal credit agreement?