What legislation allows creditors to just sit on their security...? and then say 10 years later for the sale?????

i dont think this is allowed?......

anyone?????

You are completely wrong......

Ask any IP......

this is not illegal if done properly.....

i am not saying to do anything illegal.....

What I am saying is that get three current proper valuations to find out exactly what the property is worth...

Dont forget, houses at auction dont sell at full market value....

Hi, I would try an IVA first, if you can afford it..... However, some companies wont accept anything less than at least 40-50p in the pound. If you had no equity in your house, it probably would be more straightforward..... You could transfer the beneficial interest in your home to a parent or someo...

269 Creditor with security.. (1)A debt which is the debt, or one of the debts, in respect of which a creditor’s petition is presented need not be unsecured if either—. (a)the petition contains a statement by the person having the right to enforce the security that he is willing, in the event of a ba...

283 Definition of bankrupt’s estate.. (1)Subject as follows, a bankrupt’s estate for the purposes of any of this Group of Parts comprises—. (a)all property belonging to or vested in the bankrupt at the commencement of the bankruptcy, and. (b)any property which by virtue of any of the following provi...

I dont know if any experts on here can help with this one, it is a bit complex! My understanding is that creditors are not entitled to charge interest on a secured debt after bankruptcy occurs? For example, ch40 of the insolvency technical manual... What legislation allows creditors to just sit on t...

thanks Kallis..

fingers crossed someone can help

Since my last post (which is locked)....

Surprise, surprise, the Judge WILL NOT REMOVE MY CCJ'S.

What can I do now?????????

Melanie,

You have misunderstood my post.

All I am asking for is a clear piece of legislation, that would enable a judge to remove or set aside these CCJ's

Obviously, nobody knows of any and therefore, why would a Judge set aside or remove???

You have to understand that giving a reason because so, and so said on a wesbite may not cut it with a Judge.

If you cannot help and provide the legal reason, then I will ask a Solictor.

But no legislation..........??????

So why would the Judge set aside???

Hi Andy,

I agree,

But again, the Judge will want to know what law I am saying enables me to insist that the CCJ be removed because I was in an IVA?

The court form is an N244, but whats the legislation?

Many thanks,

I disagree,

Check through the legality of these notices, as once lodged on your credit file, you will face an almight battle to get them removed.

These are just as bad as having as many Bankruptcy Orders on your file!!!!

After an IVA and BR, This is my new nightmare......

You have been warned.....

Just a quik update.

The courts have told me I need to make an application using an N244.

This is why I need the EXACT LEGISLATION.

Many thanks,