**DISCONTINUED**Howard Cohan Cockroaches and Co.

[dambuster]

Re: Howard Cohan Cockroaches and Co.

e benefits of going to small claims? When they ask you do you agree with the sWhat are thmall claims track? Why not say no? It certainly raises the stakes in terms of their costs and at least the judge will have an idea of what hes talking about...

Also what was illegal with the notice/deed of assignment of your debt?

the deed was sign by a person who had left there job at the bank eight months before the assignment was signed if you dont have the job you cant sign the assignment

[pandamonia]

Re: Howard Cohan Cockroaches and Co.

I was in court last week the direction hearing I attended some 2 months a go left it clear what both parties had to do
I sent both to court and hoist by registered post what was required
witch I have prove of receipt from both.

when this weeks hearing started I was shocked the judge claimed he had no defence papers for me how ever he did have my statements (strange as both were sent and sign for at same time)

this was a small claims court the main defence was a failure to issue a CCA request and a case under the misrepresentation act 1967 I also submitted that due to this agreement being from 2006 the courts have no way to enforce the contract because of the said defence and that the agreement was not covered by the 2007act given courts discretion in a case like this.

it was more than clear that I was made to feel I should not be in there playground or be playing with them however after quoting each law with paragraph of what had been a breeched of the act.

I could see it was all going over the judges head so I was left with no choose I could see I was losing the case so that's when

I open the bomb doors ready for the attack The first bomb came down on his desk with a loud shout of illegal notice of assignment both sign and dated by a person who had left the bank eight months before of course he wanted proof so that he can consider it in law this proof again was put right in front of him along with more evidence of this stitch up.

Now faced with the claimant is not even the legal owner I wait for case to be dismissed however the judge sat there looking at the claimants rep then tuned and asked "what do you expect me to do go and make some phone calls"

this was definitely the time to deliver the grand slam yes was my reply to his question and well the court is in the mind to do so ask for there FCC licences number delivering the proof they did not have one

This was game over in law however read on


I watch as he sat back in his chair to deliver in my favour after what was at least five minuets of silence he then said he would have to put case on a another track.
this judge realised that by delivering the verdict in my favourer it meant any other case heard from sep 2014 up till now would become unenforceable on two main points the assignment was illegal and so was going to court
PERG 2.7.8DG
01/04/20141. (1)
Taking steps to procure the payment of a debt due under a credit agreement or aconsumer hire agreement is a regulated activity

they were debt collecting
As for my case and those people that administrate it
it just remains to say for now
"Rules are for the guidance of wise men and the obedience of fools"
and please remember
when Dick Turpin robbed people he had the decency to wear a mask

What are the benefits of going to small claims? When they ask you do you agree with the small claims track? Why not say no? It certainly raises the stakes in terms of their costs and at least the judge will have an idea of what hes talking about...

Also what was illegal with the notice/deed of assignment of your debt?

[dambuster]

Re: Howard Cohan Cockroaches and Co.

I was in court last week the direction hearing I attended some 2 months a go left it clear what both parties had to do
I sent both to court and hoist by registered post what was required
witch I have prove of receipt from both.

when this weeks hearing started I was shocked the judge claimed he had no defence papers for me how ever he did have my statements (strange as both were sent and sign for at same time)

this was a small claims court the main defence was a failure to issue a CCA request and a case under the misrepresentation act 1967 I also submitted that due to this agreement being from 2006 the courts have no way to enforce the contract because of the said defence and that the agreement was not covered by the 2007act given courts discretion in a case like this.

it was more than clear that I was made to feel I should not be in there playground or be playing with them however after quoting each law with paragraph of what had been a breeched of the act.

I could see it was all going over the judges head so I was left with no choose I could see I was losing the case so that's when

I open the bomb doors ready for the attack The first bomb came down on his desk with a loud shout of illegal notice of assignment both sign and dated by a person who had left the bank eight months before of course he wanted proof so that he can consider it in law this proof again was put right in front of him along with more evidence of this stitch up.

Now faced with the claimant is not even the legal owner I wait for case to be dismissed however the judge sat there looking at the claimants rep then tuned and asked "what do you expect me to do go and make some phone calls"

this was definitely the time to deliver the grand slam yes was my reply to his question and well the court is in the mind to do so ask for there FCC licences number delivering the proof they did not have one

This was game over in law however read on


I watch as he sat back in his chair to deliver in my favour after what was at least five minuets of silence he then said he would have to put case on a another track.
this judge realised that by delivering the verdict in my favourer it meant any other case heard from sep 2014 up till now would become unenforceable on two main points the assignment was illegal and so was going to court
PERG 2.7.8DG
01/04/20141. (1)
Taking steps to procure the payment of a debt due under a credit agreement or aconsumer hire agreement is a regulated activity

they were debt collecting
As for my case and those people that administrate it
it just remains to say for now
"Rules are for the guidance of wise men and the obedience of fools"
and please remember
when Dick Turpin robbed people he had the decency to wear a mask

[andi-leigh2]

Re: Howard Cohan Cockroaches and Co.

Must say that I'm inclined to agree with you 100%. Each company is in law a separate legal entity in its own right, so regardless of the fact that they may be associated by common group ownership, for the clear cut purpose of engaging in day to day CCA activities then quite rightly so every entity needs to be regulated / authorised in its own right. This is just so simple logic, and it ceases to amaze me how some DJ's can be waffled and and BS'd in court by these parasites' legal representatives. Its all OK for the FCA to come up with their regulations and state this and state that on their fancy website, but when push comes to shove the pen-pushers at the bottom of the tree within the FCA are quite honestly quite hopeless in their abilities. Same can be said for any corporate structure, it may be all well and good for the educated people at the top writing the rules full of good intentions to run entity within all laws and statutes etc, but it all falls down when the instructions are not correctly passed down the chain of command. Many good businesses have failed through no fault of the owners / shareholders, just poor middle management and "wronguns" on the shop floor.

[charitynjw]

Re: Howard Cohan Cockroaches and Co.

You realise that uncontested claim get them no money? And it cost them £500 or more every time?

Uncontested doesn't mean the debtor doesn't pay up before it goes to a court hearing. (Sorry about the double negative, lol!)

[pandamonia]

Re: Howard Cohan Cockroaches and Co.

With the deadline closing on January 11, CSA president Leigh Berkley believes a separate PAP for debt claims is completely unnecessary, especially since 90 percent of claims issued go uncontested.
http://www.credittoday.co.uk/article...l-consultation

& while it's true that in a small number of difficult cases, discounts are offered (you mention 50%), they are buying the debt for a lot less than that; do the math, lol!

You realise that uncontested claim get them no money? And it cost them £500 or more every time?

[charitynjw]

Re: Howard Cohan Cockroaches and Co.

Not in a million years is that true. Every debt I own has a 50% off settlement offer right now. Plus if this was true then they would be realising 600% margins on what they paid. Not sitting on multimillion pound losses. What you need to understand is that most people who end up with sold debts are lost causes who don't care about Ccj and won't ever pay a penny.

With the deadline closing on January 11, CSA president Leigh Berkley believes a separate PAP for debt claims is completely unnecessary, especially since 90 percent of claims issued go uncontested.
http://www.credittoday.co.uk/article...l-consultation

& while it's true that in a small number of difficult cases, discounts are offered (you mention 50%), they are buying the debt for a lot less than that; do the math, lol!

[pandamonia]

Re: Howard Cohan Cockroaches and Co.

The Debt Purchasers are currently realising better than 90% of the book value of the debts.

Not in a million years is that true. Every debt I own has a 50% off settlement offer right now. Plus if this was true then they would be realising 600% margins on what they paid. Not sitting on multimillion pound losses. What you need to understand is that most people who end up with sold debts are lost causes who don't care about Ccj and won't ever pay a penny.

[charitynjw]

Re: Howard Cohan Cockroaches and Co.

The asset value is nowhere near 100% on aged bad debt. It's a headline figure and total BS. It's worth exactly what they paid for it as it was someone was willing to pay. They may make profit on it but the value is a different story. Unless you truly understand what something is worth then you will always get ripped off. Debt is no different

The Debt Purchasers are currently realising better than 90% of the book value of the debts.

[pandamonia]

Re: Howard Cohan Cockroaches and Co.

What is important is the asset value.


If you buy a car, worth £5000, for £2000, what is the market value of that car?

The asset value is nowhere near 100% on aged bad debt. It's a headline figure and total BS. It's worth exactly what they paid for it as it was someone was willing to pay. They may make profit on it but the value is a different story. Unless you truly understand what something is worth then you will always get ripped off. Debt is no different

[charitynjw]

Re: Howard Cohan Cockroaches and Co.

We don't know of they paid 287m. 10p in the £ that number is 28m. Also they might pay in over time as they can investigate it all at same time. I have not ran Cabot numbers but it's likely not their money but venture capitalists money looking for a return.

What is important is the asset value.

If you buy a car, worth £5000, for £2000, what is the market value of that car?

[charitynjw]

Re: Howard Cohan Cockroaches and Co.

Where do these Debt purchasers get their Monies at so vast amount to spend ? Westminster office?

Hi MIKE770

It is estimated that approx 90% of the demands for outstanding debt is uncontested.
Bearing in mind that the Debt Purchasers are buying them for pence in the pound, it probably isn't too difficult to raise finances
for the purchase of portfolios.

[pandamonia]

Re: Howard Cohan Cockroaches and Co.

One example

"Cabot Financial Ltd made portfolio purchases of £288.9m during the calendar year 2015, in a 27 percent rise on 2014, according to its results.The company has this morning (March 17) published its annual results for 2015 and they also show Cabot’s 120-month estimated remaining collections (ERC) increased to £2bn, from £1.6bn in 2014."

http://www.credittoday.co.uk/article...nnual-results-

We don't know of they paid 287m. 10p in the £ that number is 28m. Also they might pay in over time as they can investigate it all at same time. I have not ran Cabot numbers but it's likely not their money but venture capitalists money looking for a return.

[MIKE770]

Re: Howard Cohan Cockroaches and Co.

Where do these Debt purchasers get their Monies at so vast amount to spend ? Westminster office?

[charitynjw]

Re: Howard Cohan Cockroaches and Co.

I dont think they are that big. They are also feeling multimillion pound losses in 13/14 and lets see about 2015. They used to be making money in 2011/2012. They have some serious staff costs to recover plus hundreds in court fees and legal costs. Most people dont pay the CCJ anyway even after they lose as they are so far in debt it doesnt matter anyway. With the new regulation with the FCA they must be finding it harder than ever. £400-£500 per CC claim must sting after a while. especially since people can wait a year or 2 and have it set aside and they are back to square one on it.

One example

"Cabot Financial Ltd made portfolio purchases of £288.9m during the calendar year 2015, in a 27 percent rise on 2014, according to its results.The company has this morning (March 17) published its annual results for 2015 and they also show Cabot’s 120-month estimated remaining collections (ERC) increased to £2bn, from £1.6bn in 2014."

http://www.credittoday.co.uk/article...nnual-results-