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Business rates query

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  • Business rates query

    hi

    Im enquiring on behalf of a family member.

    This family member was forced to settle a business rates debt recently otherwise he would have been made bankrupt.

    Now he has paid the debt he wants his dad to pay him back as he feels his father forced him to put the shop/business in his name.

    the dad has agreed to pay him back but wants to see all the paperwork relating to the debt.

    the son is only showing the most recent bill and not the initial letters which may have had lower figures to pay as this debt is at least 7-8 yrs old.

    my theory is the debt was much lower 7-8yrs ago and if he had approached his dad earlier he would have paid it...but as it has been 7 plus years the debt must have incurred charges over the years and accumulated to 9k.

    the son is saying itís always been 9k from day 1 of the debt, is this possible?

    thanks
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  • #2
    Originally posted by Steven5 View Post
    hi

    Im enquiring on behalf of a family member.

    This family member was forced to settle a business rates debt recently otherwise he would have been made bankrupt.

    Now he has paid the debt he wants his dad to pay him back as he feels his father forced him to put the shop/business in his name.

    the dad has agreed to pay him back but wants to see all the paperwork relating to the debt.

    the son is only showing the most recent bill and not the initial letters which may have had lower figures to pay as this debt is at least 7-8 yrs old.

    my theory is the debt was much lower 7-8yrs ago and if he had approached his dad earlier he would have paid it...but as it has been 7 plus years the debt must have incurred charges over the years and accumulated to 9k.

    the son is saying itís always been 9k from day 1 of the debt, is this possible?

    thanks
    Business Rates debts themselves do not ordinarily accrue interest. There will be costs incurred for the process of obtaining the liability order and possibly for any enforcement actions taken subsequently. (There may be some interest accrued if the bankruptcy process had begun)

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