Forcing Debt Repayment by Someone Who Did It All Himself (Me)

Forcing Debt Repayment

When it comes to discussing debts, there are two sides to every story. There is a person who owes money and a person who is owed money. Most of this website is dedicated to helping those people who owe. But, there are people out there who are owed and the next few pages are dedicated to those unlucky folk.

As you may have spotted from my brief message on my homepage, I have been on both sides of the debt fence. Well, in fact I have been on three sides of the fence, as it were.

Firstly, I worked in the mortgage industry, helping to arrange mortgages for property purchases. Then, when I invested in a small business start-up and one of my two partners stole from both me and the business, I became someone who was owed money and was forced to pursue to collect. This theft from the business then forced me into debt as I (and the remaining other partner) struggled to pay initial running costs, bills and debts (created by the former partner in 'our' name) from our personal incomes after the seed capital had been stolen.

All in all, it was a very sorry affair.

So this article spread over several pages will explain some of the things that I learned about chasing debts in the UK between individuals and forcing debt repayment. It is essentially the story of how I chased debts owed to me.

In case you didn't realise, I am not a lawyer and this is not legal advice. Ok? Are we clear on that?

Good.

Before I start, I ought to explain a term that will be used throughout these pages. That phrase is 'deadbeat'. I use the term for a few reasons. Firstly, because this story describes my journey through some legal procedures in the UK and it would be wrong of me to name my opponent. Secondly, because frankly, if you are chasing an individual for a debt of some sort and they ignore your communications, fail to make agreed payments and generally cause you trouble, they are a deadbeat!! People who deal with their debts in a civilised and responsible manner are NOT deadbeats.