Invoice Financing - Any Advice

[seklof]

i used hsbc for invoice financing in september 2008 to cover the recession period- they offered me ip of 50 % on 10000 per week

 

its a very tricky and difficult problem to discuss nevertheless they entered into the agreement and then started to give me 20% which in essence is why my company went bust - worse cashflow than if i had left them alone

 

i gave them a ledger of 60000 they gave me around 40000 of this and i left it at that

 

they now have come back asking for 12000 that they say i owe them for debt they never collected

 

its true

 

i never even saw the other 20000

heeeeeeeeeelp

[citizenB]

Hi seklof, I think the reason you didnt get many visitors could be that your thread wasnt placed in a better forum. I will move you to HSBC and see if that helps.

 

I will also flag your post for the site team and try and find some others to help:)

[seklof]

thankyou citizenB

 

well the update is that iv been to CAB who were very reluctant but finally agreed to give me an interview for a PRO BONO solicitor to read over my case at first they referred me to the business debt line but thankfully i had a lovey girl who gave me lots of good advice and directed me to notify CAB that they must give me a referral for pro bono it does not work any otherway

 

so stage two now is wait to get a meeting for a pro bono and hope they will read over my case

 

updates as the case continues - have until may 7 th to file a defense

 

my one conceretn is i have sent letter to HSBC which they have not responded to i will post them up here for forum to view

 

its just they respond by saying they have complied with my request and keep referring me to their defense but this does not cover any of my requests for info

 

how can i get them to give me the info i require in the format i have asked for all they do is say its in their defense which a lot of it is not

 

help if possible

 

thansk forum

[johnnymitch]

Hi seklof , welcome to the HSBC forum

 

I think for the main part of your problem with HSBC you're better being guided by a Pro Bono , so I won't go there because I don't want to muddy the waters......

 

For your other problem........ you are entitled to have a copy of ANY document which they are intending to rely upon in court ...... this means true copies , not bodged up bits of documents which 'you might have signed' at some time........ Your best course I think is to send them a request under Civil Procedural Regulations (CPRs)- hopefully this link may help you :

 

http://www.consumeractiongroup.co.uk/forum/legal-issues/173201-why-you-shouldnt-use.html#post1868913

 

Basically if they produce a document in court which you have not had sight of , a judge is going to take a very dim view of the proceedings ....

 

I would send HSBC a suitably amended letter (at least 'Recorded Delivery' ) and see what they come back with ........

 

If you require further info /advice . don't hesitate to come back and ask . ....it may not be me , but someone will answer ......

[seklof]

I have received this today form the courts

i need more time to defend as my pro bono solicitor has not come through yet due to the CAB being a bit slow

 

can anyone advise on how i would go about getting an extension to this order

 

[johnnymitch]

Hi seklof

 

I think I would ring the Courts Office and explain what you just told us here, that your CAB pro bono is a bit slow and ask for advice on how you could apply for more time ........

 

I 'd also give CAB a nudge and ask if they can speed up the pro bono as the court is getting agitated .....ring them first and follow up with a letter enclosing a copy of the court's letter ....

 

Then if you have to write to the court to ask for more time you can enclose a copy of the letter you sent to CAB to strengthen your case for an extension............

 

At the very least the court should give you time to get legal advice ......

[seklof]

cheers johnnymitch

 

iv just e mailed the court and will probably have to go down there to ask for an extension but wonder if this is possible and what forms i need to fill in - as usual the court will not offer advice to the point of not telling people which forms they need to fill in as they always say you must seek legal advice grrrrrrr swings n roundabout and iv been on quite a few

 

i have a meeting with CAB on tuesday luckily

 

any offer of advice is greatly appreciated

[johnnymitch]

Good idea to e-mail them seklof , at least you cn prove you responded within the deadline of 30 April.....

 

I've found the courts usually pretty helpful with laypersons .... they should guide you if you go down there ....I find face to face is usually better than on the phone ........

 

Let's know how you get on ......

[seklof]

Edited July 12, 2011 by seklof

[seklof]

Edited July 12, 2011 by seklof
details i removed