I recieved a high court judgement for £220,000 in 2004. There was three other respondents in court with me for a total debt of £740,000. In 2007 there was a reciever appointed and one of the respondents was bankrupted for the full amount including my part of the debt. The judgement i recived in 2004 had an order attached which involved my family home. can i get this removed.
I'm not sure what would happen with this. I know with ordinary joint debts the other person is still liable for the whole amount. Not sure about your CCJ.
One of the professional experts will be along to help you shortly.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Presumably the debt was joint and several, so you are still liable? I would doubt that you can have the charging order removed without payment of the balance due - unless the debt was paid off in full from the bankruptcy estate, in which case the estate may also have a claim against you.
Thank you for your valued reply. i have one final question for you. I am due an inherritance in the comming months. Is it possible to negotiate a deal with the reciever to accept lower than the £220,000 thats owed. My inherritance is going to be about £80,000 could this be accepted as full and final. I have no other assetts and my home is in negtive equity.
I am sure that the receiver would look favourably on any sort of offer you may be able to make at this time. Probably best to consult a lawyer to act for you on this. If you let me know what part of the country you are in, I may be able to recommend someone.
I would recommend Steven Allinson of Moon Beaver, who was actually my lecturer in personal insolvency when I took my insolvency exams many moons ago. He is one of the best insolvency lawyers in the business, and a really nice chap too.
I am attaching a link to the website which I hope you will find useful. If Steve cannot help, he will know someone who can. Let us know how you get on.
I concur with Melanie. I know Steven Allinson as well and I am sure if you give him chapter and verse plus copies of relevant paper work you will get proper appropriate advice. Good luck.
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
