£4million in unsatisfied Judgements against the top Banks

[Amethyst]

Legal Beagles have conducted a 6 month investigation into the application process for a Consumer Credit Licence by the UKs leading banks.

We were surprised to discover that most banks had hundreds of County Court Judgements (CCJs) outstanding AGAINST them.

We purchased lists of unsatisfied CCJs and decrees held against the banks in order to highlight a potential weakness in the CCL application system. Lloyds TSB is by far the worst offender with over £1.8 million in currently unsatisfied CCJs. The main banks owe a total of over £4 million in unsatisfied country court judgements.

We have also written to the banks involved to receive a formal response to our allegations.

For the full story: CCJs outstanding against the Banks - Investigation - Legal Beagles

[TUTTSI]

Re: £4million in unsatisfied Judgements against the top Banks

So does this mean that they are unfit to hold a credit licence!!!!!

[Celestine]

Re: £4million in unsatisfied Judgements against the top Banks

I guess that is the four million pound question!

[MadKitty]

Re: £4million in unsatisfied Judgements against the top Banks

I'm glad to see that my two warranted claims against Lloyds of £1600 and £2400 are in good company!

[Amethyst]

Re: £4million in unsatisfied Judgements against the top Banks

ooooo you wouldnt happen to be able to pm me your claim numbers would you ? see if they are on the list ? That would be fantastic.

[Tools]

Re: £4million in unsatisfied Judgements against the top Banks

MadKitty we would be very appreciative of your assistance.

[LuggerBugs]

Re: £4million in unsatisfied Judgements against the top Banks

So, why have the bailiffs not been in and lifted 4 million quids worth of paperclips?

Actually... what's involved in a winding up order????

[Amethyst]

Re: £4million in unsatisfied Judgements against the top Banks

Hmmm lets find the HBOS story....

[Amethyst]

Re: £4million in unsatisfied Judgements against the top Banks

BBC NEWS | Business | High Court showdown for HBOS bank

The HBOS bank will appear in the High Court next week to justify its refusal to obey 11 court orders to repay bank charges to some of its customers. :judge:

The bank is facing an application for a winding-up order by Robertson Holbrook, a claims management company acting on behalf of the 11 customers.

At the last minute, HBOS has obtained an injunction against the order which it says is "ridiculous".

The issue will now be decided in the High Court in Leeds next Friday.

Robertson Holbrook says HBOS - the owner of the Halifax and Bank of Scotland - has persistently failed to obey the county court's decision that it should repay the customers a combined total of £50,000.

"They have done nothing about the eleven judgements against them," said company spokesman Tim Russell.

Ridiculous

A spokesman for HBOS said that the application for a winding-up order had been an abuse of the court process.

"It is ridiculous, we made £6bn last year," he said. :cry:
"We have moved to have a stay applied in the light of the OFT case," he explained.

Pointing out that the bank had already paid the claimants £21,000, he said HBOS wanted payment of the rest deferred until the outcome of next year's High Court test case involving the Office of Fair Trading and the banking industry.

This will attempt to settle whether or not hundreds of thousands of bank customers have any legal basis for their argument that they have been improperly charged punitive overdraft fees on their current accounts.

More of a publicity thing by robertson holbrook....but an embarrasment and bit of hassle for HBOS none the less.

[LuggerBugs]

Re: £4million in unsatisfied Judgements against the top Banks

Publicity stunt or no, it's a weapon in THEIR aroury, and has no doubt seen businesses go down the tubes as a result.

The answer to their claim that it is "ridiculous" should really have been, "Well if you made that much profit, you'll have no problem complying with the order then."

After all, the law is a two way street. It's not just there to protect the rich and elite

[Amethyst]

Re: £4million in unsatisfied Judgements against the top Banks

Thanks MadKitty