DLC - Bankruptcy Threat

toddle2u · 14th November 2006, 07:45

Could someone please advise.
DLC have acknowledged that the debt (with Barclaycard) is in dispute and placed the account on hold. However, I have today received a letter from Ruthbridge Ltd threatening to issue a Bankruptcy Petition if not paid in full by end of month.
Can anyone advise pleae.

stargazeratdawn · 29th March 2008, 20:14

Hi. sounds like the threat is in its early stages, for example, a letter. If they are serious about proceeding with bankrupcy proceedings, then they will serve a Statutory demand on you. This is also a warning shot, but more serious, in so much that you have 18 days ( if memory serves me right) to contact the court and apply for a Set Aside. If you are in dispute over the debt, then this would be a valid reason for applying for a set aside. I know, because I've recently had this happen to me. However, I was offered a very low final settlement figure which I accepted with help from family. Hope this helps.

rory32 · 31st March 2008, 02:56

What is the nature of the dispute?

CAG Products - We think that these will help you to make your claim or Reclaim your Right These sales also help us to keep helping YOU and keeps this site free of third party adverts!

Small Claims Kit	Small Claims Court Guide New Edition	CallBurner - Skype CallRecorder Review	Last Will & Testament Kit	Fight a Motoring Ticket

Alternatively you could purchase a CAG email address here, or maybe you'd prefer our address labels here
UPDATE: Consumer Forums ConsumerWiki is now LIVE - click here: ConsumerWiki N.B. Please note - due to postage costs these products are only available in the U.K.