Business going broke, will landlord chase?

MEM62

wozzza72 wrote: »

So basically it comes down to the landlord and how vindictive he wants to be!

Exhausting every avenue to recover the debt is not being vindictive. It's business and your partner would have been aware of the risks and consequences when she signed the lease.

wozzza72 wrote: »

I know he wants the property back asap anyway to sell it for redevelopment.

If that is really the case (and you can prove it) the dilapidations (repair / restoration costs) will not apply. Although your OH will still have to settle any outstanding rent and charges due to the landlord.

wozzza72 wrote: »

It's worth £1.2m, so £20k will be a drop in the ocean.

Irrelevant.

System

luvchocolate wrote: »

If there is no debt with utilities the supplies will continue as before they will not put in a pre payment metre.

If you move house you may find you are when you ask for supply at that new house.

As those not on pre-pay meters are on credit accounts (you get billed in arrears) they do have a debt with the utility companies for whatever they've used since their balance was £0, one which should be included in the bankruptcy.

luvchocolate

Tarambor wrote: »

If you move house you may find you are when you ask for supply at that new house.

As those not on pre-pay meters are on credit accounts (you get billed in arrears) they do have a debt with the utility companies for whatever they've used since their balance was £0, one which should be included in the bankruptcy.

I moved house took over existing supplier ....no problem
I then switched to First Utility and was asked for a deposit to be repaid after 6 D.D payments made.

TheGardener

Tarambor wrote: »

If you move house you may find you are when you ask for supply at that new house.

As those not on pre-pay meters are on credit accounts (you get billed in arrears) they do have a debt with the utility companies for whatever they've used since their balance was £0, one which should be included in the bankruptcy.

Insistence on pre-pay meters rarely seems to happen now - I was never asked to have one by either my then supplier or any since, and I do an MSE switch :money: every year.

maxmycardagain

What sort of value would the remainder of the rental period be worth?

do a deal or go BR

maxmycardagain

Originally Posted by silvercar View Post
Offer a deal, you relinquish the lease early in return for no debt owing. If the landlord is 89 he may well want this all sorted as a matter of urgency.

make him wait, he may come down on the price......lol

times on your side, not his