• 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.
    REGISTER
    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?

Collapse
Loading...
X
  • 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

  • EnglandPi
    replied
    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

    Leave a comment:


  • pt2537
    replied
    Bloody hell that interest compounded cannot be right surely. We need more info about this to be fair, there just isnt enough to advise

    Leave a comment:


  • Celestine
    replied
    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?

    Leave a comment:


  • Matty B
    replied
    pt2537 Celestine I think you need a solicitor to help you on this.

    Leave a comment:

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.
Working...
X