The charge was registered as part of our banking terms related to loan agreements and overdraught facility, all of which were subsequently repaid albeit some by the forfeiture of assets. After this time a fellow director owed some money to the bank on one of his personal accounts and somehow between him and the bank they decided to provide a loan to the company which at this time was technically insolvent in order to repay his debt and in effect to repay itself. My point is that all directors were required to authorise loans etc. and I definitely did not. The bank says it has unfortunately lost facility letter pertaining to loan so I said in that case unlucky and goodbye, they have not bothered me since. If the bank believed it was in a position to realistically enforce this thing I am under no illusion that we would have been gone in fairly short order, having spent nearly 10 years recovering from the fallout of 2008 not sure on best way to proceed with this. I just get the feeling that its going to be expensive. I had lots of personal guarantees etc etc etc all taken care of now. Thank you

There is a registered all monies charge against my house. It relates to a business banking loans/overdraughts etc that were subsequently repaid. The LTD company was wound up in 2010. Shortly thereafter commercial recoveries contacted me regards how I proposed to repay outstanding monies. I replied that as far as I was aware it was all taken care of. That was the end of that for a couple of years, I was contacted again as above and gave the same response with similar effect. I was contacted a couple of years ago in the same manner but this time it started to escalate i.e. threatening to commence legal proceedings etc etc. I reiterated that as far as I was concerned nothing was outstanding and requested all info regards default. Turns out fellow director owed money to the same bank and they realised there was a dormant charge so apparently provided a loan to the company and repaid themselves whilst shifting liability to the charge ie me. It's all a bit sketchy as they weren't giving much away, but did say that there is no paperwork for the loan. I basically told them where to go and that if they wanted to do anything it would need to be through the courts. Nothing is going on atm regards this, but was just wondering that given the changes around SDR (read free) if it is worth getting a on in before they claim that they had all the info but binned it. Charge is still there at LR and not sure on exact amount but was a lot and with compounded interest will easily wipe out any equity I have due to repaying mortgage. We feel like we are renting.... Any advice?

Hello, I did not know about it untill service of the statutory demand. I have asked for all the information with regards to this to be provided by their legal guy in January this year when I sent back the consent order to have demand set aside and have not heard anything since. Cheers.

Doh

Hello, tm, that was a spelling mistake. I do apologise. I had assumed that was the case with regards to not hearing anything, but now have a ccj for approx £12,000 and was thinking that I could do without it. Are these things easily reversible? What would be the procedure? What consequences would this have on family member? though not realy a big concern. cheers.

Hello, In respone to your query I did receive an order stating that demand was set aside. I submitted an application to have it set aside and was sent anconsent order from claimants in house legal guy which I signed so it could be submitted to the court. He said that he would address tm concerns I had raised in my witness statement this was early Jan 2012 and was the last I have heard. Cheers

Hello, I received a statutory demand in late Dec 2011 for over £10,000 which was set aside on the request of the legal department of the company pursuing the money. I informed them that I had no knowledge of any outstanding debt or subsequent court proceedings and explained that it must have been a family member who had used the account without my knowledge who had since been witholding the correspondence from me as it was not sent to my address but to my deceased parents house where I had previously lived and where they now reside. The guy who served the statutory declaration told me that they had been used to track me in order to serve document as it was thought that I had disapeared (mortgage, council tax, electoral roll) lord lucan I am not. Since early Jan 2012 just prior to Statutory demand being set aside I requested an explanation from the company identifying the facts, and what they intended to do in order to rectify the situation. The guy I was dealing with said it was his priority to have statutory demand set aside and that he would look into this further. I have not heard anything since, and considering that it is a fairly large sum of money which I dont have it is something I could do without. I feel certain that the legal department spoke to the local guys at this end and that they have confirmed to them my version of events, and that was why they were keen to have statutory demant set aside. Is it wise to follow this up? What is the best way to go about this? I dont particularly want to cause problems for family member but this is a worrying situation any help/thoughts greatly appreciated. Thanks in advance.

Hi, I am new to this so dont know if this is in the correct place, but a family member used credit accounts that were mine as a sole trader. The mail address for the accounts was not my home address, havin recently moved home without foolishly notifying them of the change of address as the accounts were rarely used. As such I was unaware of any outstanding liabilities untill bailiffs had tracked me down after ccj had been granted one presenting me with a statutory declaration which I had set aside. In both instances I questioned the validity of the claim with bailiffs and sent them on their way, I then contacted the companies involved and explained the situation. Both said they would look into the situation. One case was over a year ago and another six months and I have not heard anything since is it best to let sleeping dogs lie or pursue them through the legal route with a view to having ccjs set aside/struck out. Any thoughts appreciated. Thank you.