MY LENDER HAS NOT OBTAINED A MJO ALTHOUGH THEY DID MAKE CONTACT THROUGH THEIR SOLICITORS {WACKS CALLER } MY PROPERTY WAS REPO BACK IN JUNE 1993 THE CHELSEA MADE CONTACT WITH MY FORMER PARTNER IN 1998 AND THEN ME IN 1999. SINCE THEN I HAVE HAD AT LEAST 4 CHASERS INCLUDING WACKS CALLER ALL WITH THE SAME THREATS AND VARIOUS SETTLEMENT AMOUNTS FROM £2500 TO £4500.{SHORTFALL IS £18000 EACH} THE CAB WROTE DIRECT TO THE CHELSEA IN 1999 ASKING IF I OWED THEM ANY MONEY AND THE REPLY WAS " THE ACCOUNT WAS REDEEMED IN 1994 WE TRUST THIS IS OF ASSISTANCE TO YOU" THEY MADE NO THREATS ETC. DOES THIS HELP MY DEFENCE? WHAT I WOULD APPRECIATE IS CAN ANY ONE TELL ME IF THEIR REPLY WILL WEAKEN ANY POSSIBLE COURT CASE I HAVE STILL GOT THE LETTER THEY SENT AND IS IT TOO LATE TO OBTAIN A MJO? MANY THANKS FOR THIS GREAT SITE! MARK

-- mark (howard@westbrook48.freeserve.co.uk), March 11, 2001

Answers

Hello - just a quick point - I doubt their letter will help you. the account was redeemed (by way of repo) but that does not mean that you owe them nothing. The other thing to note is that you say the shortfall is 18,000 "each". Unfortunately, whatever agreement you have made with your ex-partner is irrelevant, even if its been done through a solicitor as mine was. You are BOTH jointly and severally liable for 36,000 (but obviously dispute the figure using this site's info) and they can and will come after either or both of you for the full amount. I would suggest you go throuh this site with a fine toothcomb and take the bull by the horns. Best of luck.

-- Too scared to say (iwasduped@yahoo.com), March 11, 2001.

Hi Mark,

There are two threads a little way down the Q&A board on this topic, titled 'Money Judgement' and 'Money Judgement Order'. I hope that these are of some use to you.

By the way, my dictionary says that 'redeemed' means 'discharged'. Not sure what lenders think it means, though.

-- Eleanor Scott (eleanor.scott@btinternet.com), March 17, 2001.