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T O P I C R E V I E W
David F
Posted - 04 February 2010 : 12:10:04 Hi All,
A bit of a technical question regarding the SOA section 3.6.....
The question is: "In the last two years have you made any payment to a creditor, other than in the ordinary course of business, with a view to improving the position of that creditor in case you became subject to insolvency/bankruptcy proceedings?
The reason for my concern is that I was taken to County Court by AMEX in 2008 and they achieved a forthwith judgement and then a temporary charging order against my property. As I was working at the time I was able to raise funds via a loan and make an out of court settlement which was accepted by AMEX. The charging order was cancelled and I got everything in writing from the Court, AMEX and the Land Registry.
SO, my question is, is the above applicable/relevant and should I mention it in this section of the SOA?
Many Thanks,
David
2 L A T E S T R E P L I E S (Newest First)
David F
Posted - 04 February 2010 : 12:40:23 Richard,
Many thanks for the advice.
I have added the details and will wait to see if the OR needs any further info.
Thanks again.
David
Richard P
Posted - 04 February 2010 : 12:24:27 yes mention and also explain as you have done so here.
They will be able to search back on court records so best to disclose
