Would you go bankrupt if you had a quarterly service charge demand for £102,000

250 leaseholders in a block of flats in central Leeds have just recived their quarterly service charge for Oct to Dec 2021.  It is normally £600 but due to not meeting the new fire safety regulations introduce earlier in the year their managing agt has just issued them with their share of costs to meet the new rules.

They have 30 days to pay before legal action starts for non payment.  


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