WON!! Cabot Financial v Steve XX

[Inca]

Re: WON!! Cabot Financial v Steve XX

There is an eminent Urologist (was based at Winchester,not sure now)..who has the unfortunate name of :-
MR BURNS-COCKS.......

[pt2537]

Re: WON!! Cabot Financial v Steve XX

Todays fiasco cost Cabot £5000

And if Andrew nabs the profits, me and PT will either a/ go on strike b/ flatten him LOL
:whoo:

Cabot and their solicitors were positively nasty to deal with on this case, but the Judge stated our costs were conservative and extremely reasonable

Or C) get dolly the sheep to bugger him.

And i think it would be prudent to get a copy of that judgment too for future reference. Very helpful on a costs point of view.

[labman]

Re: WON!! Cabot Financial v Steve XX

This sees the issue of taking the insolvency (SD) route vs the trial (CCJ) route from the other side, showing how "well" it could work to scare people into paying: http://www.bllaw.co.uk/services_for_...ry_demand.aspx :mad2: :rant:


Note the use of SDs as scare-o-grams:

To be fair, they do state:

However, the statutory demand or the petition can backfire for a number of reasons:

• in respect of a debtor company, the courts do not regard the use of a petition as a legitimate means of seeking to enforce a debt where the debt is disputed, in good faith, on substantial grounds. The courts consider it an abuse of the court process and will dismiss the petition issued against the company. If the matter comes before the court after a demand is served but before a petition is issued, the court will grant an order restraining the issue of a petition and could order you to pay the debtor’s costs
• in respect of an individual debtor, a demand might result in a successful application by the debtor to set aside service of the demand and, again, you could be ordered to pay the debtor’s costs
• perhaps most importantly, you are trying to persuade the debtor to pay. Ultimately, you do not want a bankruptcy or a winding up order made against the debtor. If such an order is made, then the debtor’s assets will be sold and the proceeds on sale used to pay off the debtor’s debts and the costs of obtaining the bankruptcy order or winding up order. The debts and costs are paid in an order of priority set out by Insolvency legislation. You may therefore find yourself in a position where you have incurred significant expense to obtain the bankruptcy order or winding up order merely to become one of the many creditors of the debtor, waiting to see what can be realised from the debtor’s assets. Usually, little if anything, is recovered in such circumstances

[FlamingParrot]

Re: WON!! Cabot Financial v Steve XX

Well, they are a law firm, failing to warn potential clients or even casual punters reading their website, of the potential pitfalls of using the insolvency route, could land them in very hot water. :eek2:

[labman]

Re: WON!! Cabot Financial v Steve XX

Well, they are a law firm, failing to warn potential clients or even casual punters reading their website, of the potential pitfalls of using the insolvency route, could land them in very hot water. :eek2:

Indeed, but it's important to paint the full picture. :tinysmile_kiss_t4:

[TUTTSI]

Re: WON!! Cabot Financial v Steve XX

Wow well done to Cel and Tom for a terrific job in showing Cabot's up for the bad way they have acted and thank god you had a fantastic Judge who could see through these Morons.

So what is the winning count up to now........?

[Celestine]

Re: WON!! Cabot Financial v Steve XX

Ah but humiliation in court is priceless. I would love to have been a fly on the wall to see Wright Hassall get that dressing down from the judge :argue:

So would I, its such a shame we can't film them.

[Celestine]

Re: WON!! Cabot Financial v Steve XX

Wow well done to Cel and Tom for a terrific job in showing Cabot's up for the bad way they have acted and thank god you had a fantastic Judge who could see through these Morons.

So what is the winning count up to now........?

I'm up to 10 straight wins on statutory demands and two other 'wins' on litigation type cases.

[FlamingParrot]

Re: WON!! Cabot Financial v Steve XX

I'm up to 10 straight wins on statutory demands and two other 'wins' on litigation type cases.

WHOOOHOOO!

Does that mean the bubbly is on you? :grin:

[Celestine]

Re: WON!! Cabot Financial v Steve XX

WHOOOHOOO!

Does that mean the bubbly is on you? :grin:

No, I think it's mainly on Lowell Portfolio 1 and Cabot

[spirit2534]

Re: WON!! Cabot Financial v Steve XX

But do people like Right Hassle really worry?

Perhaps some feedback to their non debt based clients might cause them to think again.:santa_smiley::santa_cheesy: