Bank threatening to appoint L.P.A. receivers.

[Streetwise]

Re: Bank threatening to appoint L.P.A. receivers.

Ok, being as it's out now you may as well know! Yes Paul is leaving Watsons, in the next week or so. He will still be around, as will the staff from Watsons albeit Watsons is closing it's doors as it's current incarnation (as I understand things).

At the moment too many details are sketchy so as streetwise has said, when Paul is setup he'll then be able to instruct him. Right now that's not dooable I suppose what with what is going on.

No reason for panic or alarm, things will continue as they have always done.

Sorry.

[Streetwise]

Re: Bank threatening to appoint L.P.A. receivers.

Have you had the two flats valued recently to see if there's any potential for a shortfall? It would also give you an idea of how much equity (if any) is in the properties. This in turn may help you decide how badly you want to fight this battle particularly if legal fees become an issue.

Have you read Bleak House by Charles Dickens because that novel says it all. I did it for 'O' Level many moons ago but I haven't forgotten the book's message:

http://en.wikipedia.org/wiki/Bleak_House

No haven't had the flats valued lately,thought the bank might come round to my settlement proposal.

Not read Bleak House either by the sound of it I better stay away from it.

[Streetwise]

Re: Bank threatening to appoint L.P.A. receivers.

OK

so Streetwise, have you had anything in writing from the bank to explain this situation (the passing of the flats to your partner's partner)?
Has the business partner nothing to say about the situation or is he happy to sit back and see your children's inheritance pass to him?
Is the business partner a British citizen?
So what did the partner get back when he sent the SAR to the bank? and have you seen it?
I'm not really interested in the tax ramifications or anything else other than finding out what actually happened, you need to go to a solicitor and tell him the whole pertinent story, pertinent being the operative word here.
If the bank have acted unlawfully it can be stopped but easier to stop it sooner rather than later and as I said before never believe they are looking after your interests.

The flats haven't passed to my partners partner just the bank account her name was removed from it in January 2011.

There was hardly anything in the S.A.R, and no loan agreement.

Her business partner is a British citizen.

[PlanB]

Re: Bank threatening to appoint L.P.A. receivers.

Plan B , before someone comes on and as a rant remember we weren't married we lived in SIN .Not you and me i mean my late partner.

Thank you for clearing that up

[PlanB]

Re: Bank threatening to appoint L.P.A. receivers.

If there was a shortfall they can come after the Family home as I understand it.

Have you had the two flats valued recently to see if there's any potential for a shortfall? It would also give you an idea of how much equity (if any) is in the properties. This in turn may help you decide how badly you want to fight this battle particularly if legal fees become an issue.

Have you read Bleak House by Charles Dickens because that novel says it all. I did it for 'O' Level many moons ago but I haven't forgotten the book's message:

http://en.wikipedia.org/wiki/Bleak_House

[Never-In-Doubt]

Re: Bank threatening to appoint L.P.A. receivers.

Ok, being as it's out now you may as well know! Yes Paul is leaving Watsons, in the next week or so. He will still be around, as will the staff from Watsons albeit Watsons is closing it's doors as it's current incarnation (as I understand things).

At the moment too many details are sketchy so as streetwise has said, when Paul is setup he'll then be able to instruct him. Right now that's not dooable I suppose what with what is going on.

No reason for panic or alarm, things will continue as they have always done.

[Streetwise]

Re: Bank threatening to appoint L.P.A. receivers.

Well plan B this started out as trying to get the OP to do something correctly, behave within the law and give him the best advice possible based on the circumstances he has provided here not what he has provided elsewhere which I see from the quotes here is contradictory. I have already reported the whole matter to the site's owner as the very best advice was given to the OP at the very outset but as time has worn on there have been contradictions refusals to answer the most simple of questions and still we have the reluctance to go and get legal advice seemingly now full backed by yourself which I see as something far more sinister when I check my personal e-mails from a very good friend of yours. So I now take your rather rude comments as being deliberately set out to wind me up. And have you sought out proper legal advice on the OPs behalf. No I did not think so. I did and quoted the OPs posts to them calling in a favour. I reported back here for everyone's benefit but it is now my oopinion that this thread has another agenda.

regards
G

Please tell me what agenda.I have taken advice from this Forum in the past I contacted Paul and he passed it on to Andrew,Andrew who I believe to be a Solicitor told me it was a negotiating situation so I negotiated .I got back in touch with Andrew yesterday and had a reply in my in box this morning telling me he was unable to help I believe Paul is in the middle of setting up a new practice I will be in touch with him to see if he can help.

I don't think its a Probate solicitor I need,could be wrong but a Litigation solicitor am I wrong.

Regards Streetwise.

[garlok]

Re: Bank threatening to appoint L.P.A. receivers.

It is not working planB. I have spoken with the site's owner and I am out of it completely voluntarily I hasten to add. Therefore you can report back that has failed. I will not be party to anything where the OP wilfully has stepped out side the law by his own admissions and ommissions and asks us to remedy his problems whilst refusing the very good advice he has been given. You clearly have further insight from your own comments into what he/she is doing than we do on this thread and be complicit in reducing the credibility of this forum.

regards
G

[Never-In-Doubt]

Re: Bank threatening to appoint L.P.A. receivers.

something far more sinister when I check my personal e-mails from a very good friend of yours.

You've lost me there

Ok, please guys lets keep this off here. I would suggest you PM each other and you'll see this is a misunderstanding.

[Never-In-Doubt]

Re: Bank threatening to appoint L.P.A. receivers.

I will move the tax posts to a new thread.

Tax thread --> http://forums.all-about-debt.co.uk/s...read-Tax-Posts

[PlanB]

Re: Bank threatening to appoint L.P.A. receivers.

now full backed by yourself which I see as something far more sinister when I check my personal e-mails from a very good friend of yours.

You've lost me there

[Never-In-Doubt]

Re: Bank threatening to appoint L.P.A. receivers.

& calm........

I will move the tax posts to a new thread.

Lets keep things on track or we will close the thread until such time that occurs.

[PlanB]

Re: Bank threatening to appoint L.P.A. receivers.

There is one very simple answer to all this and that is to honestly and openly go to a qualified legal professional to get it all unravelled if this is a genuine case. I detect a serious reluctance to do this at every turn. That is the best advice anyone could give you and is gold dust in your position if it is genuine.
It has been given to you several times and it has been declined. WHY?

Streetwise did not decline the advice given by this site to seek professional legal help. He was advised by AAD to contact Andrew (a solicitor) and he did. Andrew has told him that he is not in a position to help. Streetwise is actively seeking an alternative contact method for Paul. These steps taken by the OP are not an example of a serious reluctance to take professional advice.

[garlok]

Re: Bank threatening to appoint L.P.A. receivers.

Well plan B this started out as trying to get the OP to do something correctly, behave within the law and give him the best advice possible based on the circumstances he has provided here not what he has provided elsewhere which I see from the quotes here is contradictory. I have already reported the whole matter to the site's owner as the very best advice was given to the OP at the very outset but as time has worn on there have been contradictions refusals to answer the most simple of questions and still we have the reluctance to go and get legal advice seemingly now full backed by yourself which I see as something far more sinister when I check my personal e-mails from a very good friend of yours. So I now take your rather rude comments as being deliberately set out to wind me up. And have you sought out proper legal advice on the OPs behalf. No I did not think so. I did and quoted the OPs posts to them calling in a favour. I reported back here for everyone's benefit but it is now my oopinion that this thread has another agenda.

regards
G

[MrsD]

Re: Bank threatening to appoint L.P.A. receivers.

OK

so Streetwise, have you had anything in writing from the bank to explain this situation (the passing of the flats to your partner's partner)?
Has the business partner nothing to say about the situation or is he happy to sit back and see your children's inheritance pass to him?
Is the business partner a British citizen?
So what did the partner get back when he sent the SAR to the bank? and have you seen it?
I'm not really interested in the tax ramifications or anything else other than finding out what actually happened, you need to go to a solicitor and tell him the whole pertinent story, pertinent being the operative word here.
If the bank have acted unlawfully it can be stopped but easier to stop it sooner rather than later and as I said before never believe they are looking after your interests.