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Posted: Sat Apr 26, 2008 10:54 pm
by jo.123
The bank has paid 20000.00 by mistake into the business which closed 18months ago I have not noticed this and the money has been spent the bank now want this money back in 14 days what can i do?
Posted: Sat Apr 26, 2008 10:59 pm
by Lisa2009
Hi jo and welcome.
Without sounding rude......thats a lot of money to not notice. I'm sure i would notice if that ammount had been paid into an account of mine.
I dont actually know where you stand with regards to this but im sure one of the experts will be along shortly with some advice.
Posted: Sat Apr 26, 2008 11:12 pm
by facingittogether
hi jo and welcome!
i am not being judgemental but 20000 is alot of money not to have noticed, was it a big business with a big turnover and that is why it went unnoticed? i am not
an expert but one will be along to advice you!
i hope that you get the answers you need
good luck
barb
Posted: Sat Apr 26, 2008 11:19 pm
by Viki.W
Hey Jo, did you post the amount incorrectly maybe? Did you have a bookkeeper or accountant or did you do books yourself? I'm sure an expert will help you shortly. Viki X
Posted: Sun Apr 27, 2008 12:09 am
by MelanieGiles
The money is rightly repayable to the bank, and if you have spent it and no longer have the funds the bank will likely commence recovery action against you.
Posted: Sun Apr 27, 2008 9:22 am
by Adam Davies
Hi Jo
Take professional advice.
If your figures are correct then the bank will take legal action and if you have assets[house etc]this may be used to recover the debt by way of a charging order or they could look at bankrupting you
Regards
Posted: Sun Apr 27, 2008 9:27 am
by joh71262
Um - if you didn't notice it, how could you spend it ???
Posted: Sun Apr 27, 2008 10:14 am
by kallis3
My thoughts exactly. How can you spend something you haven't noticed? And if the business was closed, why was the account still open?
I would definitly notice that amount going into my account!