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Re: I need help with this - anyone
lol. Poor Sapphys head must be all over the place - Sapph this should be it now - the one for the bank is fine in the last post.
For The Court
Claim No XXXXXX
Dear Sir
As defendant in the above claim I respectfully ask the court to consider my request to redetermine the payment period applicable.
I would like to make it clear that it was never my intention to renege on this debt and by way of explanation I would like to point out that there have been a number of extenuating circumstances that I have endured which have placed a colossal financial burden on me, which include the collapse of xxxxxxxxxxxxxxxxxxxxx Ltd and the subsequent loss of revenue that I suffered as a consequence of this.
The order (copy attached) asks that payment in full be made to the claimant by 20th September 2007 - the full sum payable is £XXXXXXXXX.
I am unable to make full payment of the debt within such a short time frame and would like the court to consider redetermining the period over which I repay the debt, for the following reasons:-
1. I would be forced to sell my home for substantially less than its current market value. The equity remaining from the sale, after repaying the mortgagee (Capstone Mortgages £125,000) and fulfilling my obligations under second charges already secured on the property (HFC Bank and Lloyds TSB inclusive), is liable to be less than the amount due under the order. I also would be unable to accept an offer, agree and complete a sale within the brief timescale given.
2. The property is also the only residence of my long term partner, xxxxxxxxxxx.
3. I run a business from the property in partnership with xxxxxxxxx. Relocating the business at this time would incur additional expense and we would lose our customers and the goodwill that we have built up if we were not fully operational even for a few days. If we lost the business, we would then both be out of work with no means of income and considering our age and health we would have little or no chance of employment with sufficient income to continue to meet our financial commitments .
4. During the last few years I have suffered with heart problems and have had three angioplasties, also I have had two strokes and had to learn to walk and talk again. My partner xxxxxxxxxx has had two heart scares, an eight and a half pound tumor which resulted in her having major surgery and most recently a breast cancer scare. To make us sell our home and only means of income could induce further health problems.
I respectfully seek to offer the following payment proposal with a view to repaying this debt.
1. £250 per calendar month for the initial 6 months commencing at the end of September or sooner if at all possible.
2. A review of this situation at 6 monthly intervals with the intention of substantially increasing the installment amount. As the court will note from the attached N245 financial statement Section 8 Priority Debts will be cleared within the initial six month period and I will then be in a position to increase payments of this debt to £500 per calendar month and our intention is that within a further six months we will be in a position to increase payments to £1,000 per calendar month until the debt is paid in full.
3. In addition to the installments I request respectfully that the court permit the claimant to apply for a charge to be placed on my property to secure the debt.
4. I would like confirmation that no further interest will be added to this debt.
Thank you for your consideration in this matter.
Yours faithfully
Les
encs
lol. Poor Sapphys head must be all over the place - Sapph this should be it now - the one for the bank is fine in the last post.
For The Court
Claim No XXXXXX
Dear Sir
As defendant in the above claim I respectfully ask the court to consider my request to redetermine the payment period applicable.
I would like to make it clear that it was never my intention to renege on this debt and by way of explanation I would like to point out that there have been a number of extenuating circumstances that I have endured which have placed a colossal financial burden on me, which include the collapse of xxxxxxxxxxxxxxxxxxxxx Ltd and the subsequent loss of revenue that I suffered as a consequence of this.
The order (copy attached) asks that payment in full be made to the claimant by 20th September 2007 - the full sum payable is £XXXXXXXXX.
I am unable to make full payment of the debt within such a short time frame and would like the court to consider redetermining the period over which I repay the debt, for the following reasons:-
1. I would be forced to sell my home for substantially less than its current market value. The equity remaining from the sale, after repaying the mortgagee (Capstone Mortgages £125,000) and fulfilling my obligations under second charges already secured on the property (HFC Bank and Lloyds TSB inclusive), is liable to be less than the amount due under the order. I also would be unable to accept an offer, agree and complete a sale within the brief timescale given.
2. The property is also the only residence of my long term partner, xxxxxxxxxxx.
3. I run a business from the property in partnership with xxxxxxxxx. Relocating the business at this time would incur additional expense and we would lose our customers and the goodwill that we have built up if we were not fully operational even for a few days. If we lost the business, we would then both be out of work with no means of income and considering our age and health we would have little or no chance of employment with sufficient income to continue to meet our financial commitments .
4. During the last few years I have suffered with heart problems and have had three angioplasties, also I have had two strokes and had to learn to walk and talk again. My partner xxxxxxxxxx has had two heart scares, an eight and a half pound tumor which resulted in her having major surgery and most recently a breast cancer scare. To make us sell our home and only means of income could induce further health problems.
I respectfully seek to offer the following payment proposal with a view to repaying this debt.
1. £250 per calendar month for the initial 6 months commencing at the end of September or sooner if at all possible.
2. A review of this situation at 6 monthly intervals with the intention of substantially increasing the installment amount. As the court will note from the attached N245 financial statement Section 8 Priority Debts will be cleared within the initial six month period and I will then be in a position to increase payments of this debt to £500 per calendar month and our intention is that within a further six months we will be in a position to increase payments to £1,000 per calendar month until the debt is paid in full.
3. In addition to the installments I request respectfully that the court permit the claimant to apply for a charge to be placed on my property to secure the debt.
4. I would like confirmation that no further interest will be added to this debt.
Thank you for your consideration in this matter.
Yours faithfully
Les
encs
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