blender
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Post by blender on Aug 23, 2017 10:43:27 GMT
I hope that after this is all done and dusted ABLrate pursue criminal charges against this fraudulent weasel.
Surely he has broken the law several times? That will make lenders feel better. But it is more important to take this as an example of how any borrower may behave when things go wrong, and to be sure that Ablrate has direct recourse to the asset security, and some insurance against problems with valuations which they might have relied on.
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hazellend
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Post by hazellend on Aug 23, 2017 10:48:39 GMT
I seem to remember that ABLrate put a charge against the borrower's primrary property when he defaulted or have I misunderstood?
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mickj
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Post by mickj on Aug 23, 2017 11:00:46 GMT
Certainly something to be learned here, not just Ablrate but all P2P. I expect we will eventually get it done - but seems a one month knockback at the courts each visit. <bang head on wall smiley here please>
ps: thanks for the update Ablrate, this must be very frustrating for you and take a lot of time.
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Post by yorkshireman on Aug 23, 2017 11:07:38 GMT
Besides getting my brass back, my concern is whether ABL can stand the legal costs of what would appear to be developing into a protracted farce.
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guff
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Post by guff on Aug 23, 2017 11:53:53 GMT
Besides getting my brass back, my concern is whether ABL can stand the legal costs of what would appear to be developing into a protracted farce. Hopefully any costs associated with the blatant delaying tactics of the defendant will be awarded where they rightfully belong.
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Post by yorkshireman on Aug 23, 2017 15:43:21 GMT
Besides getting my brass back, my concern is whether ABL can stand the legal costs of what would appear to be developing into a protracted farce. Hopefully any costs associated with the blatant delaying tactics of the defendant will be awarded where they rightfully belong. Indeed
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shimself
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Post by shimself on Aug 24, 2017 8:59:17 GMT
Hopefully any costs associated with the blatant delaying tactics of the defendant will be awarded where they rightfully belong. Indeed The villain is now operating without a lawyer so the odds are he's already short of cash. I expect his cousin will own the house (it's that we are relying on isn't it?), and has sold it to a friend in Tierra del Fuego. I just hope the law won't be made an ass of.
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Post by Butch Cassidy on Aug 24, 2017 9:08:23 GMT
The villain is now operating without a lawyer so the odds are he's already short of cash. I expect his cousin will own the house (it's that we are relying on isn't it?), and has sold it to a friend in Tierra del Fuego. I just hope the law won't be made an ass of. As you point out any favourable judgement maybe a hollow victory if all the cash & assets have already gone; perhaps a private prosecution for theft beckons? Yes it would be expensive - perhaps we could crowd fund the cost
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blender
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Post by blender on Aug 24, 2017 11:11:52 GMT
Perhaps the domain name PoundOfFlesh.org ?
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ianj
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Post by ianj on Aug 24, 2017 12:07:44 GMT
The villain is now operating without a lawyer so the odds are he's already short of cash. I expect his cousin will own the house (it's that we are relying on isn't it?), and has sold it to a friend in Tierra del Fuego. I just hope the law won't be made an ass of. Food for thought. In February we were told that a freezing order was placed do on the borrower's personal and corporate assets. This was followed up in July with the statement that as "the defendant may be trying to sell his house, we have reiterated to the bank that they cannot remove their charge due to our freezing order." A recent google search revealed that the correspondence address for our borrower registered at Companies House, is also the address from which a woman with the same surname as our borrower (but of differnt nationality - wife/partner?) was using for consultations (she is currently not taking on clients) in the course of her occupation. Another search today found that, according to 192.com (accuracy unkown), the Companies House address for our borrower sold on 09 Jun 2017 for £1,250,000. ( Discuss!
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ptr120
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Post by ptr120 on Aug 24, 2017 12:54:03 GMT
Interesting detective work ianj and I hope that ablrate will comment on this.
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11025
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Post by 11025 on Aug 24, 2017 14:52:57 GMT
Looking at a worst case scenario , what if by the time this individual is actually seen in court his house and all his assets have magically disappeared -
then what is the way to deal with this - a custodial sentence and an order to repay ?
Has anyone had any prior experience in matters of this type ?
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Post by oldnick on Aug 24, 2017 15:44:23 GMT
Whenever legal proceedings are in process it is better not risk prejudicing our prospects by an ill judged comment on a public forum. Nothing like that so far - but it may explain why Ablrate are not providing a running commentary. Also remember that when Ablrate email lenders,that information may not be for public consumption. The wheels of justice turn very slowly and methodically, and it can be frustrating to think that more speed might have produced a better result for us - but there is nothing for it but to wait for the outcome and hope for the best.
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11025
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Post by 11025 on Aug 24, 2017 20:47:05 GMT
Yes fair play Nick , patience has to be a virtue at times like these , and you are correct that Ablrate must be doing all that is possible
it is difficult to not get frustrated when you imagine what he is trying to do here
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Post by yorkshireman on Aug 25, 2017 9:00:04 GMT
The villain is now operating without a lawyer so the odds are he's already short of cash. I expect his cousin will own the house (it's that we are relying on isn't it?), and has sold it to a friend in Tierra del Fuego. I just hope the law won't be made an ass of. Food for thought. In February we were told that a freezing order was placed do on the borrower's personal and corporate assets. This was followed up in July with the statement that as "the defendant may be trying to sell his house, we have reiterated to the bank that they cannot remove their charge due to our freezing order." A recent google search revealed that the correspondence address for our borrower registered at Companies House, is also the address from which a woman with the same surname as our borrower (but of differnt nationality - wife/partner?) was using for consultations (she is currently not taking on clients) in the course of her occupation. Another search today found that, according to 192.com (accuracy unkown), the Companies House address for our borrower sold on 09 Jun 2017 for £1,250,000. ( Discuss! Enough said.
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