In message <64l3taF2csm33U1@mid.individual.net>, "tim (not at home)"
writes
>I have no doubt that the customer will agree.
>
>This action is only going to be taken as an alternative to asking the
>court to declare the person bankrupt, seizing the house and selling it.
>
>You have the Government's decision to change the rules on Bankruptcy
>for this change in approach from the banks.
I don't see the connection with bankruptcy laws. A bank would have
gotten the same return out of bankrupting someone before the change in
the law as they would after it. (IN fact, its possible they would now
get more as all Income Payments Arrangements are now 3 years, the two
year one having been abolished). I would also point out that the
increase in use of Charging Orders began long before the Enterprise Act.
I can't see a connection at all.
--
Mike_B |