I am new here and thank you in advance for any help to get me through this nightmare.
I built up a debt with IG Index back in 2008. This was built up through a spread betting account I held with them.
I did pay a few payments of £50 or so back in 2009 as that is all I could afford.
After that I heard nothing from them.
On 12/06/2013 I received a letter from their solicitors saying that the balance of £10,712.89 is due immediately. They wanted payment within 7 days or they threatened immediate proceedings against myself.
I wrote to them in reply and said I never had a credit account with IG Index so how could I owe them any money.
I heard nothing back on that.
Today the doorbell rang and I was served with a Statutory demand under section 268(1)(a). It looks like a bankruptcy petition.
I am very frightened by this as I am a homeowner and also have 3 children and a wife living here.
Also this order is for £10,712.89 + Interest £2,918.29. On the 12/06/2013 there was no interest and it was just mentioned as £10,712.89 and now they suddenly mention interest on this also.
a) Can they serve me this notice just like this without asking me for income/liabilities or offer me a payment plan of some sort?
b) Can I offer them that now?
c) Should I just ask them for all the information I can (all my trade history etc.) under my rights of a "Subject access request"
d) Have I got grounds to get this set aside?
e) Can I really lose my house?
f) What can I do. What should I do.
Sorry for bombarding questions but I am so, so worried.
I suffer from Crohn's disease which can trigger at anytime with stress and once it triggers its a severe downward spiral. This si why I cannot afford to pay them back any sort of realistic lump sum.
I am more than happy to offer them what I can afford, but I cannot see that option here with this service of this notice.
Please can anyone help / advise?
Many thanks in advance.