Does anyone have any experience and/or knowledge in this field?
A close friend of mine is being forced into insolvency and cant afford financial advice etc.
We are talking about a good 30 grand and the solicitors client is a very large bank!
The original Disco
Insolvency/bankruptcy
Does anyone have any experience and/or knowledge in this field?
A close friend of mine is being forced into insolvency and cant afford financial advice etc.
We are talking about a good 30 grand and the solicitors client is a very large bank!
"Speed has never killed anyone. Suddenly becoming stationary - that's what gets you."
Jeremy Clarkson.
Kawasaki 200mph Club
I blame the Labour Government
easy, rob the bank that is trying to take your friends money. that'll teach those fuckers
From American dad :
American dads dad: Breaking into a safe is like making love to a woman
American dad: So you just pound on it for two minutes until your done?
The original Disco
IE - Legal aide, lawyers, financial advice etc?
"Speed has never killed anyone. Suddenly becoming stationary - that's what gets you."
Jeremy Clarkson.
Kawasaki 200mph Club
I blame the Labour Government
so are you saying that my "advice" wasn't helpful?
can't he go/talk to cab?
From American dad :
American dads dad: Breaking into a safe is like making love to a woman
American dad: So you just pound on it for two minutes until your done?
The original Disco
err no not really! ...in actual fact that was kinda the cause in the first place. bloody greedy banks!Originally Posted by KLOWN
"Speed has never killed anyone. Suddenly becoming stationary - that's what gets you."
Jeremy Clarkson.
Kawasaki 200mph Club
Forum whore
can he give good head?
send him to K'Rd to earn some cash.
The original Disco
he tried that.
"Speed has never killed anyone. Suddenly becoming stationary - that's what gets you."
Jeremy Clarkson.
Kawasaki 200mph Club
Guest
I don't think a bank would bankrupt someone for 30 grand. What's the point? It would cost them and they wouldn't get their money. He should just talk to the bank about a payment plan - easy.
Soft & Squishy core Biker
Finn, stop talking common sense... your scaring the children...
Dover helpful as usual i see
...and I don't wanna die, just want to ride my motorcy...cle (Arlo Guthrie)
Forum whore
Hmm, you say your friend aye?
Hardcore Biker
Absolutely correct
The original Disco
err i know someone that was forced into it for less... they can and they will.
"Speed has never killed anyone. Suddenly becoming stationary - that's what gets you."
Jeremy Clarkson.
Kawasaki 200mph Club
Guest
Hmmm, some words of advice... Don't take ANY business advice from your friends.
Hardcore Biker
Well that may be the case and I am sure that in a true default situation the lender has little option but to seek recourse, it is a counterproductive process and as such it is a last resort. I dont know your mates situation. I have worked for a bank for 20 years so I am still a bit green but intuitively I would encourage your friend to sort out an arrangement asap. Its only 30K FFS thats not even a decent fee for a Bank.
e mare libertas
Bollocks.
They weren't 'forced into it'. They probably just stumbled into it through their own laziness and ignorance.
A friend of mine owed $30-something K at one point. Lawyer's letter threatening bankruptcy ensued. After a few sensible chats with his creditor's solicitor about realistic recovery and the commercial position of his company, I guaranteed a $10K loan, he handed it over and the whole thing disappeared.
The key to any 'insolvent' situation is just to talk to your creditors without bullshitting them. There's always a way. Bankruptcy is what happens when people stop talking.
kiwibiker is full of love, an disrespect.
- mikey
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