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Home > Dealership & Sponsor Feedback > I Would Like To Thank Lookers Park Royal. |
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jjasper Member Since: 07 Jan 2010 Location: Northumberland Posts: 34 |
Athelstan is not probably right - he is definitely right. You really need to face the facts. That you were lied to by your business associate and his employees is irrelevant. You must focus on your liabilities as of now, which, if I understand the situation correctly, is that you are co-guarantor of a lease and the Landlord is suing for unpaid rent. Whereas your co-Director may have a moral obligation to pay all the rent due under the lease, the fact the business has failed would suggest it is unlikely the Landlord will recover anything from him so will look to you for the outstanding monies. You must not bury your head in the sand here. Have you: 1) terminated the lease or 2) tried to sublet or assign the lease? Otherwise the liability will be continuing. I would urge you to take the advice offered by Athelstan and others, which is to reduce your outgoings and wake up to the fact that, if you have guaranteed the lease, the Landlord has a right to recover the unpaid rent from you. Personally, I'd advise you to try to sell the current Freelander and clear the existing debt. |
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8th Feb 2011 12:03 pm |
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The Valeter Member Since: 08 Jan 2010 Location: Medway Towns, Kent. Posts: 1530 |
Lease was terminated in September so I was informed. No point in selling the current FL as the outstanding finance on it is more than the trade in value, plus it is through my sole trader business as the works vehicle. I can't guarantee to anyone a set income (wage) as my work is determined by the weather & if the phone rings in the first place. (Past) Freelander 2 HSE 2010 MY In Rimini Red. (Past) RR Evoque Dynamic Lux Si4 In Firenze Red. (Past) RR Evouque Pure Tech in Barollo Black with bespoke Firenze Red colour coding. (Present) Freelander Metropolis 2015 MY In Santorini Black with Ivory Premium Leather. |
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9th Feb 2011 10:54 pm |
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mojo Member Since: 06 Feb 2010 Location: Outta here. Posts: 365 |
Hope everything gets sorted out for you as soon as possible EV. |
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10th Feb 2011 11:05 pm |
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