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Hi everyone, im just looking for some advice if anyone can help?
My parents got into some financial trouble about 10 years ago which ended up with them receiving a ccj, this was then turned into a charging order placed by Asset Link Capitol (1) ltd, the amount was approx £6600. Nothing happened about this until approx 4 years later when the debt was passed to Link financial ltd (part of the same group i assume?) These then almost doubled the debt to £13200 and then placed a form K restriction on the house as well!
They now want to sell their house, they know the £6600 needs to be paid back but are worried they are going to be hit by a double whammy?
My questions are were they allowed to pass this debt on to a company within their group? Is it ok for both a charge and restriction to be placed on the same debt and finally is interest and (or) charges allowed to be added to a debt that was a ccj/charging order?
Many thanks
My parents got into some financial trouble about 10 years ago which ended up with them receiving a ccj, this was then turned into a charging order placed by Asset Link Capitol (1) ltd, the amount was approx £6600. Nothing happened about this until approx 4 years later when the debt was passed to Link financial ltd (part of the same group i assume?) These then almost doubled the debt to £13200 and then placed a form K restriction on the house as well!
They now want to sell their house, they know the £6600 needs to be paid back but are worried they are going to be hit by a double whammy?
My questions are were they allowed to pass this debt on to a company within their group? Is it ok for both a charge and restriction to be placed on the same debt and finally is interest and (or) charges allowed to be added to a debt that was a ccj/charging order?
Many thanks
