adrianc
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Post by adrianc on Jan 4, 2022 12:02:22 GMT
At Kingston Crown Court for a Plea and Trial Preparation tomorrow It has been revealed that the borrower was made bankrupt on 20 September 2021. Interesting coincidence of timing...
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Post by p2psws on Jan 4, 2022 19:12:30 GMT
It has been revealed that the borrower was made bankrupt on 20 September 2021. Sorry, I bit of a noobie question, but what does "made bankrupt" actually mean in reality? Does it mean he's now living hand-to-mouth? Destitute? Or is it just some b****t, and he's actually living in a multi million pound property and far richer than I could ever hope to be despite me spending a life working at an honest living? Theres been so many blatantly and patently bad actors in FS/Col/Lendy/FCA, and yet every single one of them seem to be living a life full of fortune that I will never see. Ive sacrificed so much. And to see the ****s siphon a decent chunk of that into their own pockets is despicable and unforgivable. I so look forward to see if karma exists. Anyway, back to my question... what does "made bankrupt" actually mean in reality?
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adrianc
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Post by adrianc on Jan 4, 2022 19:56:24 GMT
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Post by billy169 on Jan 4, 2022 20:04:10 GMT
For these kinds of people.. bankruptcy is a good result, a win for them... One year and start again.
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iRobot
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Post by iRobot on Jan 4, 2022 20:10:27 GMT
At Kingston Crown Court for a Plea and Trial Preparation tomorrow It has been revealed that the borrower was made bankrupt on 20 September 2021. Interesting coincidence of timing... The Bankruptcy petition was lodged in May '21 - searching for MD's name (well, this one, anyway  ) on the London Gazette site returns the headline facts. What may or may not be a coincidence is that the petitioner was: Bivonas Law. MD used that firm to defend himself (one of his companies) in the lawsuits between himself and aligned parties over the mis-selling of two houseboats; a case which went against MD. So, perhaps the question is: did Bivonas bankrupt MD be cause he instructed them to do so, or because Bivonas were owed money by MD for work previous representations on cases they'd lost?
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Mousey
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Post by Mousey on Jan 4, 2022 23:25:57 GMT
So, perhaps the question is: did Bivonas bankrupt MD be cause he instructed them to do so, or because Bivonas were owed money by MD for work previous representations on cases they'd lost? Well see my previous report below and to update - yes the court granted the injunction. I'll do a full report on the case tomorrow. This was a hearing requesting permission to appeal a judgement made following a trial at the High Court in 2017. The appellant is the Lendy borrower (“LB”) and the firm of solicitors that represented him in that trial are the respondents. The previous case is best described by reference to the Judgement from that hearing: The borrower “induced (some individuals) to buy the houseboats by representing that their purchases included long-term rights to moor the houseboats at (the site of the loan property) and lawfully to occupy them there as their permanent family homes.”The judge in that matter found that in reality no such mooring rights existed. LB lost that case, with the judge remarking he was “an unusual man, with a complex relationship with the truth” and that he “seemed to have a constant strategy for obfuscation, for turning the simple into the complicated and for constructing arguments and possibilities which seemed to have little relation to reality.”
Interesting words indeed. I understand todays appeal seemed to centre around documents that were held in the possession of the respondents (ie the solicitors that acted for him in the previous case) but had not been submitted to the Court as evidence. Had they done so then it could have in the Judges words “lead to a different outcome”. Reference was made to the solicitors as “having done a bad job” by today's judge but he added the particulars of claim for the appeal lacked specificity such that the appeal had to be refused. An application for a civil restraining order was successful against LB and prevents him making further claims in relation this matter. £5k costs were awarded to the respondent. The court heard that solicitor fees are still outstanding from the trial in 2017 and will be subject to a hearing this November. Well see my previous report:
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adrianc
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Post by adrianc on Jan 5, 2022 9:55:28 GMT
LB lost that case, with the judge remarking he was “an unusual man, with a complex relationship with the truth” and that he “seemed to have a constant strategy for obfuscation, for turning the simple into the complicated and for constructing arguments and possibilities which seemed to have little relation to reality.”, you say? I had my hopes up for a different LB for a moment. It seems to fit.
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Mousey
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Post by Mousey on Jan 5, 2022 10:32:07 GMT
"Lendy borrower", you say? I had my hopes up for a different LB for a moment. It seems to fit. Indeed, well it hadn't occurred to me and I realised the possibility for confusion shortly afterwards
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Mousey
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Post by Mousey on Jan 5, 2022 12:03:29 GMT
A link to my write-up of yesterdays hearing can be found here: p2pindependentforum.com/post/443543"Richmond Council – You’re taking the M*ck!" A "belligerent” property owner of a Thames Boatyard receives an injunction after holding unlawful 'BBQ on a boat' event Judge: "It’s a very nice part of the Thames. Not Tilbury or anything like that" |
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agent69
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Post by agent69 on Jan 5, 2022 12:59:39 GMT
A link to my write-up of yesterdays hearing can be found here: p2pindependentforum.com/post/443543"Richmond Council – You’re taking the M*ck!" A "belligerent” property owner of a Thames Boatyard receives an injunction after holding unlawful 'BBQ on a boat' event Judge: "It’s a very nice part of the Thames. Not Tilbury or anything like that" Makes you wonder if he is related to the guy trying it on at UB.
Defendent has previous and it was noted that previously his applications were found to be unarguable, ‘bizarre’, persued dishonestly and wholly without merit” and drawing attention to “his disobedience of court orders and his vexatious litigation”.
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Post by p2psws on Jan 17, 2022 20:31:47 GMT
I must be misunderstanding: if he's bankrupt, how can he own a decent chunk of riverside real estate, have a business, and obviously owns a lot of property? Doesnt he have to sell it all to pay all the people he owes money to?
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Mousey
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Post by Mousey on Jul 12, 2022 18:39:07 GMT
A judgment has been published following a private hearing in May 2022. In essence: The Chalet "was sold on 11 February 2022 to third parties without vacant possession by receivers" The borrower still resides there. The Bankruptcy Trustees have requested a warrant to enable them to recover property belonging to the bankruptcy estate and books, papers and records relating to [the borrowers] affairs which are in his possession or control specifically at his current residence at "the S**** Chalet" by the banks of the Thames at the H****** R******. It is said the borrower took out a £50,000 "bounce back" loan - the location of which is unknown. As for paperwork "there is then evidence of shredding in November 2021 and for some time before including during December 2019" "In this case it has been shown that there has been dissipation of assets and destruction of records." ICC Judge Jones "concluded that relief should be granted pursuant to [section 365 of the Insolvency Act], that there is a real risk of further dissipation, disposal and/or destruction without that relief and that it is a proportionate remedy in terms of value both financially in respect of assets and in terms of information potentially to be derived for the bankruptcy" A link to the judgment can be found here: p2pindependentforum.com/post/455437/thread |
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Post by HMS Ardent on Jul 13, 2022 7:05:55 GMT
Thanks for that Mousey. Unfortunately I can't get the link to work.
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adrianc
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Post by adrianc on Jul 13, 2022 8:42:01 GMT
In essence: The Chalet "was sold on 11 February 2022 to third parties without vacant possession by receivers" The borrower still resides there. Wouldn't that be Sale-And-Rent-Back, SARB - which is an FCA regulated activity with nobody at all approved to carry it on...
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adrianc
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Post by adrianc on Jul 13, 2022 8:44:36 GMT
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) on the London Gazette site returns the headline facts.