Full and Final

[oilyrag]

Hi jamanji,

 

It might pay you also to look at the site blog and site team member sequenci on f &fs. I can point you also in the direction of a couple of websites written by law firms which will give you a deeper insight which were of help to us in making our minds up to do it and we won at 10%.

 

regards

oilyrag.

[oilyrag]

Hi jamanji,

 

There were two sites we referred to. Please note I can never make muy links work properly so probably the quickest way to get there is to enter

 

Addleshaw Goddard in your search engine. The site is not too easy to navigate but there is section on full and final settlements which will take you back to the infamous Pinnel case of 1602 ( ruling still extant) but they give explanations and bring you up to date with case references even to Lloyd LJ sitting in the Court of Appeal.

 

Secondly try the same with:

 

Gannons London Solicitors They have a section on F & F which is actually advice for creditors (the opposition shall we say). This details what they can do and what they must not do and the consequences of same. I have quoted at length from it on here before but it may be easier for you to look yourself and draw your own conclusions.

 

Once the decision had been made that on the OD and loan we would offer F & F we asked a solicitor to set it all up and make it watertight. we thought we might have to pay about 70 to 80% but anything helps. However they said opening bid maximum 10% and the bank fell into legal quagmire straight away. They tried a bit of nastiness 3 months later, solicitor said let them hoist themselves on their own petard and then we take them apart. All is now quiet. It was all done almost exactly as sequenci has suggested in his blog other than correspondence was solicitors, who handled the third party cheques.

 

regards

oilyrag.

[oilyrag]

Thanks jamanji and rockwell, Not barclaycard unfortunately but Barclays bank themselves. Still have BC ongoing. They are just nasty and unmovable but so are we and our sols. The bank side is just ---- well????? If I was to say that the index finger of the left hand does not know what the thumb of the same hand is doing just about sums it up.

 

regards

oilyrag