• Welcome to the LegalBeagles Consumer and Legal Forum.
    Please Register to get the most out of the forum. Registration is free and only needs a username and email address.
    Please do not post your full name, reference numbers or any identifiable details on the forum.

Bankruptcy order has been stayed ..... can anyone talk me through what's going on?

  • Filter
  • Time
  • Show
Clear All
new posts

  • Bankruptcy order has been stayed ..... can anyone talk me through what's going on?

    Hi. Trying to find information on line and really struggling. Went to court to ask for a Statutory Demand to be set aside. Deputy District Judge virtually ignored us, found in the creditors favour and made me bankrupt on the spot. A couple of days later we get an email to say the bankruptcy order has been stayed as the judge didn't have the jurisdiction to make the order. The case has now been referred up to Bristol Business and Property Courts for the petition to be heard again. Only no one is telling me what is to be heard again - the petition wouldn't have happened without the Statutory Demand hearing - so does that mean that gets heard again too? The alleged debt is for 248,000 but is based on a 42% compounded monthly interest rate.....
    If anyone has any clues I'd be so grateful! This is one massive roller coaster.
    Tags: None

  • #2
    pt2537 Celestine I think you need a solicitor to help you on this.


    • #3
      Sorry to be bleak but if this is a B2B debt, that would not surprise me as an interest rate.
      What grounds did you have for set aside? Is the debt not due and payable?
      "Although scalar fields are Lorentz scalars, they may transform nontrivially under other symmetries, such as flavour or isospin. For example, the pion is invariant under the restricted Lorentz group, but is an isospin triplet (meaning it transforms like a three component vector under the SU(2) isospin symmetry). Furthermore, it picks up a negative phase under parity inversion, so it transforms nontrivially under the full Lorentz group; such particles are called pseudoscalar rather than scalar. Most mesons are pseudoscalar particles." (finally explained to a captivated Celestine by Professor Brian Cox on Wednesday 27th June 2012 )

      I am proud to have co-founded LegalBeagles in 2007

      If we have helped you we'd appreciate it if you can leave a review on our Trust Pilot page

      If you wish to book an appointment with me to discuss your credit agreement, please email kate@legalbeaglesgroup. com


      • #4
        Bloody hell that interest compounded cannot be right surely. We need more info about this to be fair, there just isnt enough to advise
        I work for Wannops LLP . I give my free time available to helping other on the forum and would be happy to try and assist informally where needed. Any posts I make on LegalBeagles are for information and discussion purposes only and shouldn't be seen as legal advice. Any advice I provide is without liability.

        If you need to contact me please email me on Ptilley@wannops.com .

        I have been involved in leading consumer credit and data protection cases including Harrison v Link Financial Limited (High Court), Grace v Blackhorse (Court of Appeal) and also Kotecha v Phoenix Recoveries (Court of Appeal) along with a number of other reported cases and often blog about all things consumer law orientated.

        You can also follow my blog on consumer credit here.


        View our Terms and Conditions

        LegalBeagles Group uses cookies to enhance your browsing experience and to create a secure and effective website. By using this website, you are consenting to such use.To find out more and learn how to manage cookies please read our Cookie and Privacy Policy.

        If you would like to opt in, or out, of receiving news and marketing from LegalBeagles Group Ltd you can amend your settings at any time here.

        If you would like to cancel your registration please Contact Us. We will delete your user details on request, however, any previously posted user content will remain on the site with your username removed and 'Guest' inserted.