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

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  • #1

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

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    • #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 )

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      • #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 Roach Pittis Solicitors. 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 Pt@roachpittis.co.uk .

        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.
        • 1 thank

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        • #5
          Originally posted by pt2537 View Post
          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 concur

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