Worried our so called friend is not going to pay back the £4000 he owes us.

[hypnorm]

Long story but if you can bear with us any help would be great.

OH has a unit for all his work stuff and got friendly with the guy from the unit next door "B' he ran his own company which wasnt going very well and Oh was run off his feet, so after some pursuading B and his son started working for OH. All was fine OH business was taking some interest from a couple of companies and merging/buying out was mentioned didnt share too many details with B as nothing to do with him really. OH eventually decided that merging would be best and made sure that there would still be a job for B and an apprentieship for his son. OH told B and B threw a strop saying he had been shafted and wasnt interested in working for the 'grumpy *******' who was going to take over the business (he had met him for 15 mins.. Oh has know him for over 5 yrs) and wouldnt even meet up with the guy to discuss things.
Anyway during this time we helped B out with payments on credit cards and things when it was tight for him and OH took his parnter and son to the hospital every day when B collapsed at work(over 50 miles)
OH and B bought a two motorbikes from a dealership and the messed up the payments and managed to some how get the payments coming from our account, we tried to get B's bike changed to his account but they wouldnt for some reason saying the agreement was in OH name so had to come from us. So B was paying us the monthly amount..
B handed in his notice to us, giving only a weeks notice, and has not found a job since. He got behind in payments and the finance company realised we werent owners of his bike and said we were out of 'agreement' and they would be reclaiming the bike' So B decide to sell the bike to pay the finance off as he had no job he couldnt pay for it, anyway after alot of messing around and to save our credit score OH paid off the finance for him, thinking as he was selling the bike he would pay us straight back anc we could all get on and B would owe us nothing... anyway I asked OH if B had paid the money he owed and apparently after be banked the cheque the bank took away his overdraft so he cant pay us...
He since asked for his job back! and needless to say the 'grumpy *******' isnt interested! (funnily enough!)
B used to call round almost daily now we hardly hear from him, and he has removed me from his facebook.. (i can see his status from my OH account)
Just seems so underhand that when we were struggling to pay him wages he was on the phone every day complaining that he had bills to pay but now the shoe is on the other foot he has gone quiet.
Obviously he has no job to pay the money back but is there anyway of securing the money that he owes us? I think this friend ship is destined for the bin.
(I can see why he is divorced! he is a very self obessed person... even tried to hit on me!.. i acutally thought he was a really decent guy as he kept bringing things for the kids.. how wrong was I)

Well done if you have read this far! I was hoping all the finance with him would be cleared but now it lingers in a different way.

 

[aly888]

I have no real advice for you hun other than threatening to take him to small claims court (depending on what the limits are up to), but with him not having a job then I would expect he would only be ordered to pay a small amount each week. Plus, with the agreement being in your OH's name it may not stand up very well
I hate people like this the sooner you are rid of him the better. GL x

 

[hypnorm]

I have no real advice for you hun other than threatening to take him to small claims court (depending on what the limits are up to), but with him not having a job then I would expect he would only be ordered to pay a small amount each week. Plus, with the agreement being in your OH's name it may not stand up very well
I hate people like this the sooner you are rid of him the better. GL x

Yeh the agreement was in OH's name but B owed and had all the documents for the bike, I think OH agreed to be a guarantor(sp) The place where they got the bikes from agreed that they had made a mistake but the finance copany wouldnt change any of the details after the sale was complete. Instead of taking B's money from his account they put both bikes on our account.

 

[ladyjayne]

Its a tough one but you could try small claims court or a debt collector? This will only work though if the orignal contract for the finance of the bike was in B's name and not your hubbys. If they made a mistake you could potetially sue the company for refusing to change the details as your not the owner of the bike. A few well worded letters will either see your money back or some helpful advice on your current situation.
if that doesnt work then personally i'd go with debt collectors.You'll get about 60% of whats owed to you and then they'll get the rest back from him in there own manner ( but some of them can be nasty so be sure you dont want to be friends with this guy again, not that ou'd really want to after bieng treated like this.)
i hope that makes sence.... if not PM me and i'll try to explain better!xx

 

[Abz1982]

You could get the ownership of the bike changed to your OH's name - you can do this without B being involved.

This is how my OH got his bike back from his ex.

I would also go and speak to a solicitor as unless your OH gifted that bike then he has paid for it. The bike company messed up.

 

[hypnorm]

The finance was in Oh name but the bike registered to B, B sold the bike to pay off the finance... but he was being messed around, so we paid off the finance because B was 3 months behind and us paying it was causing us problems. We thought that once B sold the bike he would give us the money straight away but he has said that once the cheque cleared the bank took away his overdraft so he couldnt pay us.. we dont know if true or not. he is still unemployed 4 months later and gone very quiet with us.

So the bike and finance have gone... but he still owes us the 4000+!

The finance company werent happy that the bike was resgister to B and the finance was in a different name, yet they wouldnt change things round.

 

[GossipGirl]

To be honest I wouldn't bother with small claims court or a debt collector. I used to work for an accountant and we had a few clients who didn't pay their bills and when we went to these measures to try and get the money back it was a joke, especially the debt collectors.

The court just sent the clients letters saying to pay us or he'd be blacklisted etc which obviously if you have no money and are already in debt that isn't the biggest of your worries. And for the court to do this cost us about £50 each client. So we went to the debt collectors for this one client who owed about £650 and we had to make a down payment for their 'services' of about £60, then we had to give them like a 30% cut of it if they managed to get any money from the client and then another amount of like £100 (can't remember what that one was for exactly) and in the end they came back to us and said they couldn't get any more money from this client (they only actually got about £150 in total) so it ended up actually costing my boss more to go to the debt collectors than what we had back.

Why does your husband and/or his partner not want to give 'B' his job back? If it helps you get some or all of your money back then surely it's time to come down from their high horses and give his job back?

I hate to say it coz it's not a good situation but I can't see you getting your money back. Any deals with money should ALWAYS be put in writing and signed by both parties, otherwise you've got no chance.

 

[hypnorm]

Think you have read it wrong somewhere, it was B who handed in his notice after a merger. He then realise he had made a big mistake after the new boss had filled the positions left, so there was no job for him.
Also B had been Spreading rumours about new boss bouncing cheques etc so he shot him self in the foot really.