Insolvency

dxb335d · 10-11-2010, 09:10 AM

My Miswah has recieved a letter from an ''Insolvency'' Company.

Its the second one she has recieved as she didn't respond to the last one.

They are asking for some information about a guy she purchased a car from who owned a small independant car sales company.

A Bankruptcy order has been made against the man and they are investigating his finacial affairs.

They have asked her (my miswah) How much she paid for the vehicle
the date she purchased it
How she paid for the vehicle
If she has a receipt for your car

Just checking nothing can happen to her and her car!?

creepy coupe · 10-11-2010, 09:14 AM

Assuming he owned the car he sold her no, otherwise they might be checking profits he might of made, if any when he sold it.

biscuits · 10-11-2010, 09:16 AM

Hi ya Carl,

As long as the car is HP clear (might be worth getting it checked), you should be okay.

If the car was registered to a company rather than an individual, it doesn't matter as long as there is no finance outstanding... this would mean the finance company would still have ownership.

I suspect that they are trying to find out what he (or she) did with the money of the sale.

Should be okay as long as it's HPI clear mate.

dxb335d · 10-11-2010, 11:20 AM

Quote:

Originally Posted by creepy coupe

Assuming he owned the car he sold her no, otherwise they might be checking profits he might of made, if any when he sold it.

Surely that would be a police matter?!

Quote:

Originally Posted by biscuits

Hi ya Carl,

As long as the car is HP clear (might be worth getting it checked), you should be okay.

If the car was registered to a company rather than an individual, it doesn't matter as long as there is no finance outstanding... this would mean the finance company would still have ownership.

I suspect that they are trying to find out what he (or she) did with the money of the sale.

Should be okay as long as it's HPI clear mate.

Hiya Bud,

The car was registered to its preview owner. So not even the guy who sold it to us. Hmm, getting a little paranoid now.

It was HPI clear yes.

ihpj · 10-11-2010, 11:36 AM

I appreciate that I am a Newbie here...however I would suggest you out your hands into your pocket and pay for good independent legal advice before giving out ANY information to ANY company requesting such.

You might, unwittingly or otherwise, prejudice your position. Get full and proper legal advice first and then act.

dxb335d · 10-11-2010, 11:44 AM

Quote:

Originally Posted by ihpj

I appreciate that I am a Newbie here...however I would suggest you out your hands into your pocket and pay for good independent legal advice before giving out ANY information to ANY company requesting such.

You might, unwittingly or otherwise, prejudice your position. Get full and proper legal advice first and then act.

Thanks for your input.

I am getting more paranoid now because of your Avatar.

They are asking for information, we don't have to reply!?

dxb335d · 10-11-2010, 11:45 AM

Why pay?

How serious could this be?

willhollin · 10-11-2010, 11:46 AM

Mate, i'll come and visit you and the Miswah in prison.

NFS · 10-11-2010, 01:16 PM

I would ignore it. You have absolutely no obligation to give them this information. Especially if they have not explained why they want it.

dxb335d · 10-11-2010, 01:18 PM

Thanks Si, as much as we thought really!?

beemerbird · 10-11-2010, 01:32 PM

Have you 'googled' the Insolvency Company to see if they are what they claim (my suspicious nature).

Seems to me they have stated why they are requesting the information as they're collating info. against this bloke, hence the bankruptcy order. They're trying to ascertain a 'paper' trail of his business dealings. If he has broken the law, imagine how much it's costing to gather all this info.......don't get me started! I see the costs at work.

Am assuming the car was not registered in his name if he was trading as a car dealer.

Your call at the end of the day. Personally, I'd try ringing them if there's a phone number or at least e mail and ask any questions that may be of concern to you.

dxb335d · 10-11-2010, 01:53 PM

Quote:

Originally Posted by beemerbird

Have you 'googled' the Insolvency Company to see if they are what they claim (my suspicious nature).

Seems to me they have stated why they are requesting the information as they're collating info. against this bloke, hence the bankruptcy order. They're trying to ascertain a 'paper' trail of his business dealings. If he has broken the law, imagine how much it's costing to gather all this info.......don't get me started! I see the costs at work.

Am assuming the car was not registered in his name if he was trading as a car dealer.

Your call at the end of the day. Personally, I'd try ringing them if there's a phone number or at least e mail and ask any questions that may be of concern to you.

Yeah H, the car was registered the previous owner not the guy who sold it to her.

willhollin · 10-11-2010, 01:57 PM

Not stolen is it? Or a cut 'n' shut?

charliesum · 10-11-2010, 02:05 PM

can see will dusting off his soap on a rope!!!

jwbmw · 10-11-2010, 02:11 PM

You have to work at minimum wage and contribute to the costs of your cell when imprisoned these days. Better stock up on the Anusol Carl

willhollin · 10-11-2010, 02:19 PM

RagingKileak · 10-11-2010, 02:23 PM

Quote:

Originally Posted by willhollin

This is all too familiar...

Matt

10-11-2010, 09:10 AM	#1
dxb335d The Tarmac Terrorist 952 Rep 29,345 Posts Drives: 997.2 GT3 Join Date: Mar 2007 Location: ''Fandango Towers'' iTrader: (3) Garage List 2010 Porsche 997.2 GT3 [9.50] 2003 BMW E46 M3 [6.00] 2007 BMW E92 335D [5.50]	Insolvency My Miswah has recieved a letter from an ''Insolvency'' Company. Its the second one she has recieved as she didn't respond to the last one. They are asking for some information about a guy she purchased a car from who owned a small independant car sales company. A Bankruptcy order has been made against the man and they are investigating his finacial affairs. They have asked her (my miswah) How much she paid for the vehicle the date she purchased it How she paid for the vehicle If she has a receipt for your car Just checking nothing can happen to her and her car!? __________________ 997.2 GT3
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10-11-2010, 09:14 AM	#2
creepy coupe Lieutenant General 1868 Rep 13,043 Posts Drives: BMW M340I G20 Join Date: Aug 2007 Location: UK iTrader: (2) Garage List 2015 BMW 435d [0.00] 2009 335i [0.00]	Assuming he owned the car he sold her no, otherwise they might be checking profits he might of made, if any when he sold it.
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10-11-2010, 09:16 AM	#3
biscuits Dimmer than a dim thing 80 Rep 1,291 Posts Drives: M4 GTS, EQC, X5 40d, simrig Join Date: Oct 2008 Location: UK iTrader: (0) Garage List 2016 BMW X5 (F15) 4 ... [0.00] 2016 BMW M4 GTS [10.00]	Hi ya Carl, As long as the car is HP clear (might be worth getting it checked), you should be okay. If the car was registered to a company rather than an individual, it doesn't matter as long as there is no finance outstanding... this would mean the finance company would still have ownership. I suspect that they are trying to find out what he (or she) did with the money of the sale. Should be okay as long as it's HPI clear mate.
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10-11-2010, 11:36 AM	#5
ihpj Second Lieutenant 4 Rep 223 Posts Drives: BMW E90 330d M Sport Join Date: Oct 2010 Location: BUCKS iTrader: (2)	I appreciate that I am a Newbie here...however I would suggest you out your hands into your pocket and pay for good independent legal advice before giving out ANY information to ANY company requesting such. You might, unwittingly or otherwise, prejudice your position. Get full and proper legal advice first and then act.
	Appreciate 0 Quote

10-11-2010, 11:45 AM	#7
dxb335d The Tarmac Terrorist 952 Rep 29,345 Posts Drives: 997.2 GT3 Join Date: Mar 2007 Location: ''Fandango Towers'' iTrader: (3) Garage List 2010 Porsche 997.2 GT3 [9.50] 2003 BMW E46 M3 [6.00] 2007 BMW E92 335D [5.50]	Why pay? How serious could this be? __________________ 997.2 GT3
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10-11-2010, 11:46 AM	#8
willhollin Major General 268 Rep 9,915 Posts Drives: VW T5 Join Date: Apr 2008 Location: Worcestershire iTrader: (1) Garage List 2007 BMW E92 330d SE [10.00] 2010 Transporter T5 ... [0.00]	Mate, i'll come and visit you and the Miswah in prison.
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10-11-2010, 01:16 PM	#9
NFS Major General 275 Rep 9,218 Posts Drives: M340i Join Date: Jul 2006 Location: UK iTrader: (0)	I would ignore it. You have absolutely no obligation to give them this information. Especially if they have not explained why they want it.
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10-11-2010, 01:18 PM	#10
dxb335d The Tarmac Terrorist 952 Rep 29,345 Posts Drives: 997.2 GT3 Join Date: Mar 2007 Location: ''Fandango Towers'' iTrader: (3) Garage List 2010 Porsche 997.2 GT3 [9.50] 2003 BMW E46 M3 [6.00] 2007 BMW E92 335D [5.50]	Thanks Si, as much as we thought really!? __________________ 997.2 GT3
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10-11-2010, 01:32 PM	#11
beemerbird Major General 173 Rep 7,953 Posts Drives: Merc diesel Join Date: Oct 2007 Location: Yorkshire iTrader: (0) Garage List 2010 TTRS [9.00] 2007 Audi S5 [0.00] May 2007 Porsche 99 ... [0.00] March 2007 Porsche ... [0.00] Sep. 2007 E92 335d SE [0.00] July 2006 E90 330i ... [0.00]	Have you 'googled' the Insolvency Company to see if they are what they claim (my suspicious nature). Seems to me they have stated why they are requesting the information as they're collating info. against this bloke, hence the bankruptcy order. They're trying to ascertain a 'paper' trail of his business dealings. If he has broken the law, imagine how much it's costing to gather all this info.......don't get me started! I see the costs at work. Am assuming the car was not registered in his name if he was trading as a car dealer. Your call at the end of the day. Personally, I'd try ringing them if there's a phone number or at least e mail and ask any questions that may be of concern to you.
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10-11-2010, 01:57 PM	#13
willhollin Major General 268 Rep 9,915 Posts Drives: VW T5 Join Date: Apr 2008 Location: Worcestershire iTrader: (1) Garage List 2007 BMW E92 330d SE [10.00] 2010 Transporter T5 ... [0.00]	Not stolen is it? Or a cut 'n' shut?
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10-11-2010, 02:05 PM	#14
charliesum First Lieutenant 8 Rep 353 Posts Drives: 335i Join Date: Mar 2009 Location: pompey iTrader: (1)	can see will dusting off his soap on a rope!!! __________________ vxr8 only car ive ever had and asked to make the exhaust quieter
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10-11-2010, 02:11 PM	#15
jwbmw Major 33 Rep 1,386 Posts Drives: Jaguar XF S Join Date: Sep 2007 Location: West Midlands iTrader: (0) Garage List 2000 Z3 3.0i [0.00] 2007 E92 335D SE (2 ... [0.00]	You have to work at minimum wage and contribute to the costs of your cell when imprisoned these days. Better stock up on the Anusol Carl __________________ Going out with a BAN now that the forum has become Chav Ville. Fair well the early adopters. Jaguar XF 3.0D S Gone: E92 335d
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10-11-2010, 02:19 PM	#16
willhollin Major General 268 Rep 9,915 Posts Drives: VW T5 Join Date: Apr 2008 Location: Worcestershire iTrader: (1) Garage List 2007 BMW E92 330d SE [10.00] 2010 Transporter T5 ... [0.00]
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