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impecunious

Unable to pay CCJ for PI Judgement - c. £30,000

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............or the legal team may have insurance to cover against such action.


 

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UPDATE

 

The sky didn't fall on my head. It's now been almost seven years since the original court case and, although the debt has now risen to £40,000 (with the addition of 6 years' statutory interest @8%), I still haven't paid a penny for over 6 years. I attended another oral examination (Order to obtan information) 18 months ago where it was obvious that I was still impecunious and could not make any offer of payment (no matter how small).

 

I should imagine that this debt has long dropped off my credit record (if it was ever added in the first place).

 

Although this whole matter was frightening and incredibly difficult to deal with at the time, time has helped as did the advice and support offered by CAG members. Thank you so much.

 

I know this matter will never really go away, ie when the Judgement Creditor dies, I will owe his estate and when I die, my (nonexistent) estate will owe his estate, but at least it's manageable. I just have to jump through hoops occasionally.

 

The moral of this story has always been - never sue a man of straw.

 

Impecunious ☺

Edited by impecunious
Poor eye sight and can't find glasses

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