Can't Pay? We'll Take It Away!: Ch5 9pm

Can't Pay? We'll Take It Away!: Ch5 9pm

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Discussion

nicanary

9,794 posts

146 months

Friday 11th May 2018
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Thesprucegoose said:
Laurel Green said:
This ex carbon trader seems a genuine chap to me.
Sounded like a scammer to me
A young man trying to live a lifestyle he can't afford. Docklands apartment, a Merc to impress at first glance, actually worth very little. He would be better off living a bit further out, and driving a 10 year old Fiesta. I think he may have believed all the spiel about becoming a millionaire selling carbon footprint and got himself into something he didn't understand. His English was typical East-End wideboy.

I know a lot of Chinese people. They often drive old models of premium marques - it would attract attention if they drove newer ones. The enforcers should have looked for a shoebox under the bed or in the wardrobe. Cash. Always cash. Usually lots of it. It's very rare that they would spend it on a fancy house or fancy furnishings.

mgtony

4,019 posts

190 months

Friday 11th May 2018
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nicanary said:
It's very rare that they would spend it on a fancy house or fancy furnishings.
You mean you didn't see the furnishings? biggrin

nicanary

9,794 posts

146 months

Friday 11th May 2018
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mgtony said:
nicanary said:
It's very rare that they would spend it on a fancy house or fancy furnishings.
You mean you didn't see the furnishings? biggrin
You needed to wear shades! I meant expensive furnishings, not wholesale purchases at B & M.

FiF

44,078 posts

251 months

Friday 11th May 2018
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The first lot with the parking fines pulled a fast one. Part payment, promise to pay the balance in full knowledge of an imminent moonlight flit.

wjwren

4,484 posts

135 months

Thursday 24th May 2018
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Strange one with the family will. I couldnt work out who had the share of the will.

FiF

44,078 posts

251 months

Friday 25th May 2018
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wjwren said:
Strange one with the family will. I couldnt work out who had the share of the will.
It was certainly a lesson in the expense and risks of litigation over wills. Aiui there were six kids, the father had previously said they would all inherit but the actual will left everything to the eldest. The remaining 5 siblings had joined forces to contest but had lost and now, individually and collectively faced legal bills. It wasn't clear whether they were being sued by their own lawyers or the opposition. It also seemed two of the 5 were doing very much better in life than the remaining three. Maybe there was other stuff I missed due to TV surfing.

It's a complete crocodile swamp. Some years back a friend of a friend asked me for advice as they had lived overseas virtually all their life and needed the UK legal system regarding wills and intestacy explaining. Essentially she was the estranged granddaughter of a very famous person, at one time a household name, who had died intestate. Someone had wound her up about this.

I simply pointed her to probate office contacts so she could get the details of probate, and explained the rules regarding who inherits and the order / share rules for dealing with intestacy. She then worked out that the person(s) who obtained the grant of representation for the estate had ignored her side wrongly, possibly because of the estrangement they didn't know she was an issue.

Cutting long story short after a long period when there was zero acknowledgement of her existence let alone entitlement, out of the blue the family appeared to have taken legal advice and offered her 32k. As she'd worked out it should have been 46k the last I heard she was launching legal action from overseas, advised otherwise of the risks regarding costs. Never heard anymore as I effectively avoided all contact from a complete bunny boiler with definitely a touch of the mentals.

Frank7

6,619 posts

87 months

Friday 20th July 2018
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I caught around five minutes of one of these tonight while channel surfing, I have no idea of the size of this particular debt, or how it had been incurred, but there was a Mercedes coupe on the driveway of the debtor’s house which was the subject of a HP agreement, so it couldn’t be touched.
He also owned a Mercedes C230 on a 57 plate, no idea what year that made it, but the Crown Court agent guy said that if they took it, and it went to auction, after fees, it probably wouldn't make £1000.
Now I freely admit that I have zero idea of what new cars cost, although my wife paid £17,000 last June, (2017), for a top of the range new Peugeot 2008, but the sales manager’s father turned out to be my wife’s father’s cousin, so he gave her a good deal.
But I found it hard to believe that a 57 plate C230 Mercedes would not bring a grand after fees.
Sure enough, when the credits rolled, it had cleared £1650, so I’m assuming someone got it for a couple of grand, can’t be bad, was it good?

anonymous-user

54 months

Saturday 21st July 2018
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No keys no history etc worst case. Anyone buying is taking a risk, I mean if it is repossession then they are likely not to have looked after it.

FiF

44,078 posts

251 months

Saturday 21st July 2018
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Frank7 said:
I caught around five minutes of one of these tonight while channel surfing, I have no idea of the size of this particular debt, or how it had been incurred, but there was a Mercedes coupe on the driveway of the debtor’s house which was the subject of a HP agreement, so it couldn’t be touched.
He also owned a Mercedes C230 on a 57 plate, no idea what year that made it, but the Crown Court agent guy said that if they took it, and it went to auction, after fees, it probably wouldn't make £1000.
Now I freely admit that I have zero idea of what new cars cost, although my wife paid £17,000 last June, (2017), for a top of the range new Peugeot 2008, but the sales manager’s father turned out to be my wife’s father’s cousin, so he gave her a good deal.
But I found it hard to believe that a 57 plate C230 Mercedes would not bring a grand after fees.
Sure enough, when the credits rolled, it had cleared £1650, so I’m assuming someone got it for a couple of grand, can’t be bad, was it good?
Key words highlighted above, towing fees, storage costs, auction fees, goodness knows what else.

As soon as it goes to removal of goods stage debtor is completely on a loser.

The Mad Monk

10,474 posts

117 months

Saturday 21st July 2018
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FiF said:
As soon as it goes to removal of goods stage debtor is completely on a loser.
Could you summarise for us what the moral of that is?

FiF

44,078 posts

251 months

Saturday 21st July 2018
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The Mad Monk said:
FiF said:
As soon as it goes to removal of goods stage debtor is completely on a loser.
Could you summarise for us what the moral of that is?
Why does it need to be summarised? The moral of the whole situation is, if you genuinely owe the money, and especially if a court has agreed that you owe it, and ordered you to pay it, then you should do so. To avoid things either wilfully or just by burying head in sand then the longer things drag out the more expensive it gets.

Unless you meant to ask another question, but didn't.

Frank7

6,619 posts

87 months

Saturday 21st July 2018
quotequote all
FiF said:
Frank7 said:
I caught around five minutes of one of these tonight while channel surfing, I have no idea of the size of this particular debt, or how it had been incurred, but there was a Mercedes coupe on the driveway of the debtor’s house which was the subject of a HP agreement, so it couldn’t be touched.
He also owned a Mercedes C230 on a 57 plate, no idea what year that made it, but the Crown Court agent guy said that if they took it, and it went to auction, after fees, it probably wouldn't make £1000.
Now I freely admit that I have zero idea of what new cars cost, although my wife paid £17,000 last June, (2017), for a top of the range new Peugeot 2008, but the sales manager’s father turned out to be my wife’s father’s cousin, so he gave her a good deal.
But I found it hard to believe that a 57 plate C230 Mercedes would not bring a grand after fees.
Sure enough, when the credits rolled, it had cleared £1650, so I’m assuming someone got it for a couple of grand, can’t be bad, was it good?
Key words highlighted above, towing fees, storage costs, auction fees, goodness knows what else.

As soon as it goes to removal of goods stage debtor is completely on a loser.
Still intrigued, I established that a 57 plate would be 2007-2008, I then Googled price for used 2007 Mercedes C230, they came back as between £4000 and £7000, so if someone got it for £1650 after charges, or £2000 before charges, it sounds good to me, but to reiterate, what I know about car pricing, you could write on the back of a first class stamp.

Halb

53,012 posts

183 months

Saturday 21st July 2018
quotequote all
FiF said:
It was certainly a lesson in the expense and risks of litigation over wills. Aiui there were six kids, the father had previously said they would all inherit but the actual will left everything to the eldest. The remaining 5 siblings had joined forces to contest but had lost and now, individually and collectively faced legal bills.
And the eldest sibling did not decide to do as the parent had wished?

valiant

10,217 posts

160 months

Saturday 21st July 2018
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Frank7 said:
Still intrigued, I established that a 57 plate would be 2007-2008, I then Googled price for used 2007 Mercedes C230, they came back as between £4000 and £7000, so if someone got it for £1650 after charges, or £2000 before charges, it sounds good to me, but to reiterate, what I know about car pricing, you could write on the back of a first class stamp.
They work on what they *think* will be the absolute least they’ll get at auction and assume that a car with no keys or paperwork sold on a soggy Wednesday afternoon when no buyers turn up. I think I remember one of these programmes saying that if it achieves more than the bailiffs took it for then the excess is used to cover the debt/fees or returned to the debtor if the existing debt/fees has been cleared.

FiF

44,078 posts

251 months

Saturday 21st July 2018
quotequote all
Frank7 said:
FiF said:
Frank7 said:
I caught around five minutes of one of these tonight while channel surfing, I have no idea of the size of this particular debt, or how it had been incurred, but there was a Mercedes coupe on the driveway of the debtor’s house which was the subject of a HP agreement, so it couldn’t be touched.
He also owned a Mercedes C230 on a 57 plate, no idea what year that made it, but the Crown Court agent guy said that if they took it, and it went to auction, after fees, it probably wouldn't make £1000.
Now I freely admit that I have zero idea of what new cars cost, although my wife paid £17,000 last June, (2017), for a top of the range new Peugeot 2008, but the sales manager’s father turned out to be my wife’s father’s cousin, so he gave her a good deal.
But I found it hard to believe that a 57 plate C230 Mercedes would not bring a grand after fees.
Sure enough, when the credits rolled, it had cleared £1650, so I’m assuming someone got it for a couple of grand, can’t be bad, was it good?
Key words highlighted above, towing fees, storage costs, auction fees, goodness knows what else.

As soon as it goes to removal of goods stage debtor is completely on a loser.
Still intrigued, I established that a 57 plate would be 2007-2008, I then Googled price for used 2007 Mercedes C230, they came back as between £4000 and £7000, so if someone got it for £1650 after charges, or £2000 before charges, it sounds good to me, but to reiterate, what I know about car pricing, you could write on the back of a first class stamp.
The point is that once they get to the removal stage, then on top of the fees already charged for stage 1, attendance £190 plus 7.5% of anything owed over £1,000, all plus VAT, and stage 2, walking possession £495 again plus VAT, then stage 3 removal adds another £525 plus another 7.5% of anything still owed over £1,000. The removal fee, in the case of a car, the recovery wagon, should normally be covered within that, not always it seems, but then you have storage and auction fees. Therefore it's easy to see how a car for which someone paid 4k can end up with only 1650 being paid towards the principal amount. Those are the legally permitted fees in the regulations.

As before, it's all designed to put pressure on the debtor, if you owe it, just pay up to your best ability as not doing so is the start of a slippery and expensive rapidly steepening slope.

The Mad Monk

10,474 posts

117 months

Saturday 21st July 2018
quotequote all
FiF said:
The Mad Monk said:
FiF said:
As soon as it goes to removal of goods stage debtor is completely on a loser.
Could you summarise for us what the moral of that is?
Why does it need to be summarised? The moral of the whole situation is, if you genuinely owe the money, and especially if a court has agreed that you owe it, and ordered you to pay it, then you should do so. To avoid things either wilfully or just by burying head in sand then the longer things drag out the more expensive it gets.

Unless you meant to ask another question, but didn't.
No. That's fine. We are in agreement.