Google
 

Saturday, August 4, 2007

Creditors inflate service cost, lawyers' fees ...

Can serve summon (stating ... enter appearance within 8 days of service) w/o issuing reminder, judgement on matter could have been entered ... writ of seizure of assets to pay for debts.

Creditor and lawyer no need to negotiate with debtor, if not responded to, on time, to summons.

Legal cost specified under Rules of Court (High, magistrate, district), excludes stamp, filing, transport, postage fees, etc. If amt owed >10 k and cannot be recovered, co can be wound up

Debtor can apply to set aside judgement, dispute sum, stop sale.

No need for solicitor, may seek legal aid but not helpful if action has begun, consult Law Soc

No comments:

Is money the most important to you?

Google