Default Notices
This is a Court of Appeal judgment involving a debt of £5,000 owed by Mr Brandon in respect of his credit card with Amex.
On 19 June 2007, Amex issued a Default Notice asserting a breach of the agreement...
Sector
Debt Recovery (Lenders)
We provide a comprehensive debt-recovery service to our clients in a wide range of areas including secured and unsecured, regulated and unregulated, and commercial and consumer. Expertise in particular sectors includes professional service firms, finance houses, banks, building societies, vehicle finance, office supplies and publishing.
Key team contacts
Jackie Hanlon 01923 690078
jackie.hanlon@mablaw.com
Clare Stothard 01923 690033
clare.stothard@mablaw.com
Latest news and views about Debt Recovery (Lenders)
RSSOFT publishes revised Debt Collection Guidance
Last month, following a consultation between 10 March and 2 June 2011, the Office of Fair Trading (OFT) published a revised version of its Debt Collection Guidance. It was last revised in December 2006.
The...
Unfair relationships – Payment Protection Insurance
This Court of Appeal decision focused on the narrow issue of the size of the commission, relating to the cost of payment protection insurance (“PPI”), which the borrowers alleged gave rise to an unfair...
PPI claims – “unnecessary embellishments”
PPI claims – “unnecessary embellishments”
This case is an interesting example of the type of claims a borrower with PPI can attempt to raise and the court’s approach to these claims. Borrowers...
Can a written guarantee be subject to an oral agreement?
The guarantor, Mr Binney, claimed that although he had signed a written guarantee in favour of National Westminster Bank plc (“the Bank”), it was subject to an oral agreement that the guarantee limited...
Insolvency statistics in Q4 2010 published today by the Insolvency Service
Insolvency statistics in the fourth quarter of 2010 were published today by the Insolvency Service.
Corporate insolvencies across the board were down on the same period last year: compulsory liquidations...
Guarantee your guarantee will stand up to scrutiny !
A recent High Court decision has yet again highlighted the need for parties to draft personal guarantees accurately and in a form that is entirely appropriate for the underlying transaction. A guarantee...
Sale and leaseback schemes
The court was asked here to determine preliminary issues in 9 test cases concerning the controversial sale and lease back schemes. These schemes enabled the occupiers of property to sell their property...
Charging orders
The OFT has announced that it has uncovered problems about the use of charging order by some lenders.
Problems uncovered by the OFT's investigation were specific to each business, as set out in the...
An absence of independent legal advice
This was a claim by a guarantor against a firm of solicitors. The solicitors had provided a certificate to the bank confirming that they had advised the claimant, Mr O’Sullivan, in relation to his...
