Recover debts from the proceeds of the house sales

[Ponce]

I always say that what will happen in the US always happens first in the UK........here is an example.

This is all that there was, no direct link to the story...........GET YOUR FREAKING lAND PATENT.....be safe, not sorry.
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Lenders given fast-track to switch your unpaid credit card debt on to your property
By: malterwitty

Tags: ECONOMYGREAT BRITAIN
It has become easier for credit card companies and personal lenders to recover debts from the proceeds of the house sales of struggling borrowers following a change in the law.

The government has changed the rules around 'charging orders' so that unsecured debts such as credit cards and personal loans can be turned into secured debt - where the sum is secured against an asset such as property - more easily.

[Dogman]

I always say that what will happen in the US always happens first in the UK........here is an example.

This is all that there was, no direct link to the story...........GET YOUR FREAKING lAND PATENT.....be safe, not sorry.
================================================== ==============

Lenders given fast-track to switch your unpaid credit card debt on to your property
By: malterwitty

Tags: ECONOMYGREAT BRITAIN
It has become easier for credit card companies and personal lenders to recover debts from the proceeds of the house sales of struggling borrowers following a change in the law.

The government has changed the rules around 'charging orders' so that unsecured debts such as credit cards and personal loans can be turned into secured debt - where the sum is secured against an asset such as property - more easily.

This appears to be centered in Britain, but I can almost see this happening here. Seeing that some company's in the states are going to the courts and having people arrested for their debts. When they have a court date that they are not notified that they had.

Then an arrest warrant is issued and you find yourself in jail. One of the "new" ways that debt collection
agency's are using to get the money.

Maybe coming soon to the us of a.

[palani]

Don't be surprised if the rules change mid-stream. You are dealing with bankrupt entities (countries) and they are using the principle of necessity as appropriate to structure their own survival.

Your survival is less important under this principle (necessity imports privilege).

[mamboni]

One man, an elderly somewhat scruffy gentleman of Cuban descent, was hit with a bank lean for credit card debt owed to Banco Cubano-Gringo Caliente, upon sale of his small house. It was a smallish sum. However the gentleman showed up at the bank the next day with a wheel barrel full of extra-soft scented toilet paper in family size rolls. The bank tellers, all young squealing females, showered him with kisses and dollars in exchange for the prized ass-wipery supplies. The gentlemen paid the bank with money to spare, leaving the establishment covered in lipstick kisses and a broad smile.

[skidmark]

This is nothing new, once you have a judgement you are free to attach a lien to any real property the debtor owns, but it is usually not the first choice since it may be twenty years before the debtor sells the property. It is also nothing new about debtors being arrested, but the arrest is for failure to appear, not for owing a debt.

[Ponce]

Danmed Dr, you could at least say that I wasted one condom........crap, crap and triple crap.......is hell getting old... at least for Ponce :(