Am I still liable to pay for a debt owed to a dissolved company?

Notimpossible

Hello,

I have been looking at ways to improve my credit score. I have a CCJ in 2011 to a company called Scheidegger which was trading as Metropolitan International Schools Ltd. All my internet search for Scheidegger indicates that the company is no longer trading. However, Metropolitan International Schools Ltd is still trading so here are the questions on my mind:

Is my debt to Scheidegger or Metropolitan International Schools Ltd?

If my debt is the Scheidegger am I still liable to pay Metropolitan International Schools Ltd?

If my debt is to Scheidegger only then does this mean that I am no longer liable to pay the debt?

If I am no longer liable to pay the debt does this mean that I can as for it to be set aside by the court?

Any guidance on this matter will be greatly appreciated.

Kind regards

sourcrates

Hi,

Usually when a company goes bust, if it is owed money, either the receivers will chase it up, or, someone else may purchase the debt.

I doubt you will be able to get the CCJ set aside on the basis you describe, it will cost you £255.00 to find out.

Are you currently been chased for this debt ?

Notimpossible

sourcrates wrote: »

Hi,

Usually when a company goes bust, if it is owed money, either the receivers will chase it up, or, someone else may purchase the debt.

I doubt you will be able to get the CCJ set aside on the basis you describe, it will cost you £255.00 to find out.

Are you currently been chased for this debt ?

Hi Sourcrates,
Scheidegger is not chasing me for the debt. I believe they sold it (the debt) to Cabot who has another CCJ in against me in 2014 for the same debt. and there in lies my dilemma.

My intention is to pay off Cabot but not sure how to deal with the CCJ of 2011 because
1, it is same debt and I should only pay once
2, there is no representative of Scheidegger to discuss the issue with in order to close it.
Therefore, my thinking is to set aside the CCJ of 2011 just to get it off my record.

National_Debtline

Hi notimpossible

The same debt cannot be sued for twice. What is more likely here is that the entry on your credit file was updated in 2014 to reflect Cabot acquiring the right to collect it.

If we are genuinely talking about a separate standalone judgement being made in 2014, then you should of course take steps to get that one cancelled. I would be very surprised however if that were the case.

The judgment will drop off your credit file in 2017, regardless of whether it has been settled by then.

Dennis
@natdebtline

Notimpossible

National_Debtline wrote: »

Hi notimpossible

The same debt cannot be sued for twice. What is more likely here is that the entry on your credit file was updated in 2014 to reflect Cabot acquiring the right to collect it.

If we are genuinely talking about a separate standalone judgement being made in 2014, then you should of course take steps to get that one cancelled. I would be very surprised however if that were the case.

The judgment will drop off your credit file in 2017, regardless of whether it has been settled by then.

Dennis
@natdebtline

Hello Dennis,
I think you are right.
So if I pay Cabot off tomorrow and get a certificate of satisfaction. Does this mean that I have satisfied both CCJs on my record? Or do I have to request for the first one to be set aside in order to clean my credit record?

Many thanks

sourcrates

Notimpossible wrote: »

Hello Dennis,
I think you are right.
So if I pay Cabot off tomorrow and get a certificate of satisfaction. Does this mean that I have satisfied both CCJs on my record? Or do I have to request for the first one to be set aside in order to clean my credit record?

Many thanks

What does it say on your file ?


Are the creditor details/reference numbers the same ?


As Dennis says, the entry from 2011 will drop off your file next year anyway, regardless of you paying it or not.

Notimpossible

sourcrates wrote: »

What does it say on your file ?


Are the creditor details/reference numbers the same ?


As Dennis says, the entry from 2011 will drop off your file next year anyway, regardless of you paying it or not.

Hi Sourcrates,
I think I have a better understanding of what is really going on now after speaking with the National Debtline today so here goes:

- I signed up for the course in Oct 2008.

- Barclays Partners Finance (BPF) paid for the course fee in full to Scheidegger t/a Metropolitan International Schools Ltd (MISL).

- My repayment contract for the course fee is with BPF and not with Scheidegger t/a MISL.

- Therefore CCJ of 2011 claimed by Scheidegger t/a MISL should never have been entered.

- I have been in touch with BPF to confirm status of the course fee loan. They tell me that I may not be liable for the debt anymore an that it was at one time passed on to Career Development Finance (CDF) but has be called back in 2009. BPF will look in there records and confirm details by post.

- I have sent out a letter to MISL to confirm to me how they believe I owe them money claimed in CCJ of 2011.

- I have also written a letter to CDF for them to confirm how they believe I owe them money; the debt of which Cabot Finance Limited (CFL) has raised another CCJ for in 2014 for right to collect.

- My next step is to speak with a solicitor to help look at my case. Fingers Crossed I will be out of this debt sooner than later.

Do you know typically how long it takes to close out a set aside case from submission to judgement?

Kind regards