can we claim the money for a bounced cheque?

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ianh

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Post by ianh » Wed Feb 06, 2008 11:02 am
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A cheque was received 25/01/08 and was dated 04/01/08 this was banked. The company entered into liquidation 28/01/08 and the cheque was stopped with the reason 'Payment prevented by insolvency act proceedings' do we have any recourse to claim the money for the bounced cheque?
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ianmillington

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Post by ianmillington » Wed Feb 06, 2008 11:13 am
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Hi Ian

Probably not.

However, can you please clarify - when you say "went into liquidation on 28/1/08" do you mean that that was the date of the creditors meeting? Did you received notice of the meeting?
Ian Millington
Insolvency Director
PDHL Ltd (formerly Personal Debt Helpline Ltd)
www.pdhl.co.uk
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ianh

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Post by ianh » Wed Feb 06, 2008 11:17 am
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"On 28 January 2008 the company entered administration"
ianmillington wrote:

Hi Ian

Probably not.

However, can you please clarify - when you say "went into liquidation on 28/1/08" do you mean that that was the date of the creditors meeting? Did you received notice of the meeting?
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pbeck

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Post by pbeck » Wed Feb 06, 2008 11:19 am
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I'm afraid that you are unlucky, you will be an unsecured creditor for your bounced payment.
Philip Beck - www.freeivaadvice.co.uk

Licensed Insolvency Practitioner and IVA specialist since 1996.
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ianmillington

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Post by ianmillington » Wed Feb 06, 2008 12:08 pm
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Sadly, I must second Philips view, unless on the offchance your cheque was for wages. - I assume you weren't a former employee?
Ian Millington
Insolvency Director
PDHL Ltd (formerly Personal Debt Helpline Ltd)
www.pdhl.co.uk
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ianh

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Post by ianh » Wed Feb 06, 2008 12:46 pm
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No the cheque was not for wages.
ianmillington wrote:

Sadly, I must second Philips view, unless on the offchance your cheque was for wages. - I assume you weren't a former employee?
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ianmillington

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Post by ianmillington » Wed Feb 06, 2008 12:50 pm
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Ok, sorry then you will be an unsecured creditor
Ian Millington
Insolvency Director
PDHL Ltd (formerly Personal Debt Helpline Ltd)
www.pdhl.co.uk
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