Tweet
I've been browsing looking or hoping someone would have posted something similar to my experiences but not as yet although there has been some very interesting reading.
They are trying to enforce an all monies clause from an 2006 business loan agreement although I was totally unaware that was the situation due to the solicitor not advising at the time and I was unaware at the time the same solicitor worked for all parties who was a very good friend of the vendor, I was naive and very trusting of the vendor, it became apparent it was about getting the vendor his money as quickly as possible.
In 2010 I was badgered like mad by the bank to consolodate overdrafts or they would commence proceedings and persuaded me by saying if I comply with these demands the bank would look more favorable upon me for future lending ie reinstating overdraft, I was also under the impression that this new agreement would not have this all monies clause. I had this relationship manager who would be onto me on a regular basis as my business manager had dumped me, probably thought he wasn't going to be able to finance me up anymore than he had so it was time to pass me on, it was this relationship manager that was badgering me.
The two new agreements are a unregulated agreement and a regulated agreement. I think I have a case for an unfair relationship although the solicitor says I'm screwed and i would not be able to afford this case and I should offer them a proposal or surrender property which would include my house as I was unaware what the solicitor originally did. I asked about the solicitor about the conflict of interest which i've been told would also be complicated.
I had a shortfall about 3 times on repayments and explained to the bank at the time they are not helping and I need help moving business forward which I can and have done but they are not interested now they want property. I have tried everything to satisfy the bank even offering a lump sum If I could refinance my house via an IFA as I have some equity but they refused, I have been told they do not want my business, in those exact words. I have also received phone calls which I can only comprehend as mental abuse which is how it has affected me. :o(
I tried to represent myself on the first court appointment but credit to the Judge he gave me time to get legal advice on the grounds of the conflict of interest.
There is a bit to this case, I've tried to keep it straight to the point for now.
I don't have much to offer in legal experience but maybe I could keep people updated on my case to maybe help in future via the forum.
Thanks for reading.
They are trying to enforce an all monies clause from an 2006 business loan agreement although I was totally unaware that was the situation due to the solicitor not advising at the time and I was unaware at the time the same solicitor worked for all parties who was a very good friend of the vendor, I was naive and very trusting of the vendor, it became apparent it was about getting the vendor his money as quickly as possible.
In 2010 I was badgered like mad by the bank to consolodate overdrafts or they would commence proceedings and persuaded me by saying if I comply with these demands the bank would look more favorable upon me for future lending ie reinstating overdraft, I was also under the impression that this new agreement would not have this all monies clause. I had this relationship manager who would be onto me on a regular basis as my business manager had dumped me, probably thought he wasn't going to be able to finance me up anymore than he had so it was time to pass me on, it was this relationship manager that was badgering me.
The two new agreements are a unregulated agreement and a regulated agreement. I think I have a case for an unfair relationship although the solicitor says I'm screwed and i would not be able to afford this case and I should offer them a proposal or surrender property which would include my house as I was unaware what the solicitor originally did. I asked about the solicitor about the conflict of interest which i've been told would also be complicated.
I had a shortfall about 3 times on repayments and explained to the bank at the time they are not helping and I need help moving business forward which I can and have done but they are not interested now they want property. I have tried everything to satisfy the bank even offering a lump sum If I could refinance my house via an IFA as I have some equity but they refused, I have been told they do not want my business, in those exact words. I have also received phone calls which I can only comprehend as mental abuse which is how it has affected me. :o(
I tried to represent myself on the first court appointment but credit to the Judge he gave me time to get legal advice on the grounds of the conflict of interest.
There is a bit to this case, I've tried to keep it straight to the point for now.
I don't have much to offer in legal experience but maybe I could keep people updated on my case to maybe help in future via the forum.
Thanks for reading.
Comment