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  • 2 Post By fth

Debt collection UK

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  1. #1

    Join Date
    Dec 2009
    Posts
    6,714

    Debt collection UK

    I have a local friend who invested in an off the plan room purchase in a hotel being constructed in London.

    Now the original developer has done a runner with the cash and the hotel is still not complete or open. The project has been "taken over" by another company and they are asking for more cash to complete the project.

    Do debt collectors handle this sort of thing in the UK to go after the original guy who grabbed the cash and ran?


  2. #2

    Join Date
    Feb 2009
    Location
    Gulf Region, ex Mid-Levels
    Posts
    1,933
    Read the contract

    Depending on sum involved
    - write off the investment
    - hire a UK lawyer
    - check that the new company is not the old guy trying to fleece people again
    shri and jimbo like this.