Go to navigation
It is currently Fri Dec 09, 2016 3:31 pm

All times are UTC




Post new topic Reply to topic  [ 19 posts ]  Go to page 1, 2  Next
Author Message
PostPosted: Sat Apr 20, 2013 12:20 pm 
Offline

Joined: Thu Jan 05, 2012 8:43 pm
Posts: 133
Hi all! Can anyone help or advise me on my options. I owe company to a drainage company who did some work on the drains on my street. They had told me that I would be covered by my home insurance but I wasn't. As the work was required for the whole street I did not have the option to opt out. I was then left with a £5000 plus bill. I came to an arrangement with the company to make payments on a monthly basis. But now 2 years later I have received a letter from the administrators of the company requesting the full outstanding balance approx £2500 within the next 14 days. I can't afford to pay this in one lump sum. So what are my options?
Should I write to the administrator and negotiate a smaller amount or more time? Or should I just not pay? After all I doubt that my debt would be worth chasing too much?
Any opinions?


Top
 Profile  
 
PostPosted: Sat Apr 20, 2013 12:27 pm 
Offline

Joined: Mon Jun 18, 2007 2:32 pm
Posts: 6966
Location: East Kent
I would contact Citizen's Advice Bureau


Top
 Profile  
 
PostPosted: Sat Apr 20, 2013 12:28 pm 
Offline

Joined: Mon May 16, 2011 1:05 pm
Posts: 4024
Location: Reading
I'm about to go out so can't research thoroughly, but have you looked at the insolvency dept web site (it is a government department), I remember someone asking something similar but not the same some years ago on a different forum and I found the answer on there.
My brother works for them, if he was the sort of brother I kept in contact with I'd ask direct.


Top
 Profile  
 
PostPosted: Sat Apr 20, 2013 12:33 pm 
Offline

Joined: Thu Jan 05, 2012 8:43 pm
Posts: 133
yoyo123 wrote:
I would contact Citizen's Advice Bureau

I did try them when I first found out that I would have to pay because I only agreed to the work on the understanding that it would definitely be covered by my buildings insurance. They were not much help.


Top
 Profile  
 
PostPosted: Sat Apr 20, 2013 12:34 pm 
Offline

Joined: Thu Jan 05, 2012 8:43 pm
Posts: 133
Tinkers wrote:
I'm about to go out so can't research thoroughly, but have you looked at the insolvency dept web site (it is a government department), I remember someone asking something similar but not the same some years ago on a different forum and I found the answer on there.
My brother works for them, if he was the sort of brother I kept in contact with I'd ask direct.

Will have a look, thanks


Top
 Profile  
 
PostPosted: Sat Apr 20, 2013 12:45 pm 
Offline

Joined: Fri Nov 17, 2006 8:54 pm
Posts: 1770
Location: caversham
If the company is in administration then your warranty on the work done has gone, the administrator won't want to throw good money after bad chasing you, so send them a payment in full and final settlement. If they bank the cheque then you are 90% in the clear.

I'm usually on the other end and watch as companies that owe me money go into administration and all the funds raised go on admin expenses. :evil:


Top
 Profile  
 
PostPosted: Sat Apr 20, 2013 12:55 pm 
Offline

Joined: Thu Jan 05, 2012 8:43 pm
Posts: 133
stevew61 wrote:
If the company is in administration then your warranty on the work done has gone, the administrator won't want to throw good money after bad chasing you, so send them a payment in full and final settlement. If they bank the cheque then you are 90% in the clear.

I'm usually on the other end and watch as companies that owe me money go into administration and all the funds raised go on admin expenses. :evil:

But I can't afford to pay £2500 in one lump sum? And don't know how I would get it in 14 days. Are you suggesting I make them an offer as full and final settlement? I've got no idea how much to offer!


Top
 Profile  
 
PostPosted: Sat Apr 20, 2013 2:10 pm 
Offline

Joined: Wed Nov 21, 2007 4:20 pm
Posts: 4660
I think Steve is telling you to make 'a' payment, as in pay them what you can afford ( and presumably a reasonable amount, taking into account the sum involved),

For future reference, don't take anyone's word for it that your insurance will cover anything. ALWAYS check with the company. everyone has different levels of insurance and, as you found to your cost, they don't cover everything.

Hope you get it sorted.

_________________
Image


Top
 Profile  
 
PostPosted: Sat Apr 20, 2013 2:17 pm 
Offline

Joined: Thu Jan 05, 2012 8:43 pm
Posts: 133
Thanks Snowdrop - yes I have learned that lesson the hard way. But I was in a catch 22 as the work would have gone ahead with or without my agreement. The majority of the road is council owned and they had authorised the works. My neighbours insurance company paid out but not mine as they said the damage occurred before I owned the property so before the policy was in force.


Top
 Profile  
 
PostPosted: Sat Apr 20, 2013 3:14 pm 
Offline

Joined: Mon May 16, 2011 1:05 pm
Posts: 4024
Location: Reading
http://www.bis.gov.uk/insolvency

I can't find a direct answer, but they may be able to help you.


Top
 Profile  
 
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 19 posts ]  Go to page 1, 2  Next

All times are UTC


Who is online

Users browsing this forum: No registered users and 2 guests


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Search for:
Jump to:  
CALL 020 8204 5060
   
Privacy Policy | Refund Policy | Disclaimer | Copyright © 2004 – 2016