1st Credit Threatening Bankruptcy

chanz4

don't mention the property, but I have a feeling this company got bought up and confetti stat demands

Paul101082

They already know I have property, they've stated in previous correspondence, that's why they Pershing bankruptcy petition. I spoke to citizens advice last night and they said to write to them and tell them my circumstances surrounded the house as they wont get any money after all the fees are paid and other creditors so it just doesn't make sense why they are threatening

rizla_king

chanz4 wrote: »

don't mention the property, but I have a feeling this company got bought up and confetti stat demands

Not any more. They are usually serious with them now. They know about the property which is why they are trying this as its great tactic against home owners even if not equity there at the moment.

fatbelly

poppasmurf_bewdley wrote: »

It will cost them a minimum of £705 to issue a bankruptcy petition through the courts, plus their own costs.

Do you think they will be willing to bear these costs to recover less than £5k?

£750 official receiver deposit
£280 court fee

OP - I think CAB are correct here but you do need to make some sort of offer of payment.

rizla_king

thread on legalbeagles here http://www.legalbeagles.info/forums/showthread.php?66782-1st-Credit-Bankruptcy-Petition-Please-help!

happy_bunny_2

Who was the credit card with? Have you got someone who knows about agreements to check it's valid?

When was the card taken out?

Sounds like explaining they will be wasting their time as they will get nothing is the best option.