Debt collection process starts on ailing Saab The Detroit News
Debt collection process starts on ailing Saab More than 100 claims are on file against the cash-strapped firm Ola Kinnander/ Bloomberg NewsSweden's Debt Enforcement Agency started collection proceedings against Saab Automobile after the cash-starved carmaker failed to meet a deadline Tuesday to pay two suppliers, an official at the regulator said.
"We've just begun by looking at what kind of bank accounts they have and what kind of collateral there might be" in the process that started Wednesday, said Tommy Barkman, a caseworker at the state agency.
Saab was supposed to pay Kongsberg Automotive AB, a Norwegian manufacturer of car seat parts, and Infotiv AB, a Gothenburg, Sweden-based consulting firm, a combined $633,000. The "big majority" of the money is owed to Kongsberg, Hans Ryberg, a division chief at the enforcement agency, said.
The automaker was forced to halt production in late March amid a cash crunch, and the factory at Saab's Trollhaettan, Sweden, headquarters has been quiet since early June. Saab is trying to raise more funds and has said it aims to restart manufacturing in a few weeks. Swedish Automobile NV, Saab's Dutch owner, sold 4 million new shares to GEM Global Yield Fund Ltd. on Aug. 15 in an effort to bring in cash.
Debt Collection Agency
Argos Debt Collection Agency Virgin Media phone recycling
Can a UK debt recovery agency issue a court order against me in another country ie Australia?
After a long drawn out issue over a credit card debt I have while I was living in the UK, the bank has now passed it on to a debt recovery agency (I'm an Australian citizen). I've just received a letter from the agency explaining that if I dont pay the full outstanding amount (which is well under $10,000) it may result in legal proceedings being issued in the country of which I reside, which is Australia. Can a UK debt collections company actually do this...I mean summon me to court in Australia even though the debt was with a UK bank?
Please spare me any preaching about having to pay for my own debt etc, I have tried to on more than a few occasions to make payment arrangements with the bank, however due to their inconpetence they either gave me the wrong bank account details so I could use telegraphic transfer, or they lost a large payment amount I made to them (eventually they found it). I gave up trusting their advice on the bank details I needed to give my Australian bank to transfer the money after numerous phone calls from Australia to the UK and misinformation from their customer service, so I decided not to pay them.
Hi
I don't belive they can - even so the worst they can do is list you. It will only last 5 yrs - if you can hang on I would try and dodge it. F*k em! They make a lot of money - don't worry about it and just hide. The only way they can find you is via white pages and electorial roll. Just stay off those and you should not hear from them.
I have done something similar recently - the phone calls lasted about 3 months - then all of a sudden - STOP.... I will strike problems if I apply for credit - so I don't do that :)
Good luck - and from now on - just pay cash.... It's what we should have done in the first place - right?
Banks are multinational, it happens all the time.
It would be pointless in your situation but if the UK debts were huge you could fly back here and declare yourself bankrupt at the High Court, go back to Australia and forget about it.
I tried to pay a parking ticket issued in February and have just received a letter from a debt recovery agency
The ticket, although issued by a private parking company, was valid. I posted a cheque and accompanying letter back in February. This was returned to me on Thursday last week, at which point I realised that the Royal Mail had delivered my cheque to the wrong PO Box. On Monday, I received a letter from debt recovery company demanding payment for a substantially higher amount.
I did not keep the envelope I received the cheque in, so I cannot prove that I only received it last week. However, I can prove that the cheque was delivered to the wrong address as it is date stamped and was returned with one of the company's compliment slips. The PO box is also very similar to that of the parking company.
Can I dispute this higher charge? Do I have a leg to stand on? Any legal advice would be appreciated... UK only!
If I may reiterate, especially to Colin M, I did not receive any reminders. If I had, I would have acted upon them.
You need to ring both the dbt collection comany and also the ticket issuer comany.
Legally you have no rights, but morality may prevail.
Also if you addressed envelope correctly and royal mail osted it to wrong one then they have to pay, but without your original envelope you can't prove this so it is just going to be a case of asking them and see if they are kind.
Good luck
then you could have claimed of the royal mail insurance for the additional fees you have incurred.
they would also question why you didnt check to see if the cheque has been banked.
Companies must send you a reminder before instigating a debt recover.
Give it a go if you have proof. I would call directly them though rather than write. Also ring the debt recovery people and explain the situation as they will often defer the request back to the company in question if there is a dispute. Otherwise they may go ahead with any proceedings.
Debt Recovery Agents?
my girlfriend is paying a mortgage for her house and owes a credit card company £1000.00 She has received a letter from the land registry agency saying a debt recovery agency has bought her land can this be right ? She lives in the uk
The creditor cannot have "bought" her house or to have had it transferred simply because of the credit card debt. Presumably the debt is unsecured i.e a simple credit card not a second mortgage or similar.Therefore the company can only pursue the debt by a County Court action and will need a judgment before they can enforce it.You would have received County Court papers before now if they had gone that far.If they had a judgment one of the ways they can secure it (but not get their hands on the house ) is via Charging Order.They would simply get paid when the house is sold after the mortgage is redeemed. Here is the link.
http://www.hmcourts-service.gov.uk/infoabout/enforcement/charging/how.htm
It is possible that the letter refers to another type of Land Registry entry called a "caution" but that would still not mean the creditor has bought the house.
I suggest a telephone call to the Land Registry who will be able to clarify the contents of the letter although will probably not want to comment on how to deal with the debt.Otherwise a visit to the CAB to run through the letter and advise.
I take it her property is freehold, anyway if it were lease hold under the law she has to be offered first refusal, contact a solicitor, get in touch with the Land Registry and get more details.
Contact your mortgage provider and ask what they know it, it is possible the debt collectors said they represented you.
Your girlfriend has an interest in the land. This will be either a freehold or leasehold interest. The interest which she herself has CANNOT be bought without her consent and signature.
Other things can happen, however.
If she owes £1000, this may have been secured as a loan against the property. If so, it operates in much the same way as a mortgage. Your girlfriend would have had to sign the paperwork to permit this to happen. Hopefully, she would have kept the papers. These should be read through in detail.
Alternatively, the debt has just arisen in the normal course of credit card business. If that has happened, the company (or agency to which the debt may have been sold) has the right to sue in the County Court to obtain a judgement against her. If that has happened (and she will have been sent papers about it by the Court), then the creditor is entitled to enforce the judgement by means of a Charging Order. Again, this operates as though it is a mortgage. She would have been notified by the court as each stage is reached.
Otherwise, the agency may, if she has a leasehold, have bought the freehold and now be requiring her to pay the ground rent that is due under the lease.
In any event, she needs to check things out carefully. To do this, she could always ring the Land Registry, who are usually very helpful about explaining exactly what their letters mean: they are aware that not everyone is familiar with the law.
agency debt recovery uk - News
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