BBL Demand Letter

[Ashley Moore]

An interesting one here!

I've been sent a demand letter by Santander after starting the liquidation of the business.

However, they are wording the letter to sound like I'm personally liable for the debt. Which I'm not! I took it out with the ltd company. I don't own a personal account with Santander!

The letter is addressed to me personally at my home address. It doesn't mention the business at all.

I answered 7 questions to get the BBL originally, I remember thinking how easy it was to apply.

What are everyone's thoughts on this? Surely it's misleading? Can they even do this? The load is backed by the government, so chase them!!

 

[Robert Moore]

If it is addressed to the company then it is not a demand on you personally. Sorry you have blurred out the recipient

 

[ChrisCallaghan]

Hi Ashley,

As @Robert Moore has advised, assuming it is addressed to your company, and you have instructed a liquidator, then you have nothing to worry about.

they are wording the letter to sound like I'm personally liable for the debt.

I'm not sure what part of the letter is causing this concern, but I cannot see anything in this letter that hints at personal liability.

If you have not done so already, forward this onto the IP firm you have instructed for liquidation.

 

[UK Contractor Accountant]

If you used the BBL for the economic benefit of the company then you have nothing to worry about - the Government Guarantee will eventually come into play.

The Bank are just starting their recovery process as you have probably missed 3 monthly repayments?

Any Liquidator appointed will look into the use of BBL monies.

What name is shown on the BBL statements issued or shown on your online banking app?

 

[Mark T Jones]

If it is addressed to the company then it is not a demand on you personally. Sorry you have blurred out the recipient

The blocking certainly implies it is addressed to job title & company.

If we are wrong @Ashley Moore then it is a different story, but it does seem that they are -rightly - chasing the business for the debt.

 

[Ashley Moore]

Its addressed to me personally

 

[ChrisCallaghan]

Its addressed to me personally

Is it addressed to you personally, and the name of your limited company?

 

[WaveJumper]

A loan as you mention "backed by the government" is a loan backed by us the tax payer

 

[Ashley Moore]

No, to me personally. No mention of the company name!

The loan is in the name of the company, it's all very naughty.

I've just called them and confirmed the loan is not a personal liability. Seems they are just chasing in the hope you're minted and pay it!

I'm not and I'm not!!

 

[Mark T Jones]

Its addressed to me personally

In fictionalised format, is it addressed to

Ashley Moore
123 Bottleneck road


Or Ashley Moore
Widgets & spockets Ltd
123 bottleneck road

EDIT: OVERLAPPED

 

[Ashley Moore]

A loan as you mention "backed by the government" is a loan backed by us the tax payer

Yeah, the same government that stopped me trading.

The same government that still wanted my personal tax. So I've paid into the system that paid out to my business, don't worry!

I didn't claim furlough or any kind of grants FYI. What's the weather like up there on that box!

 

[Mark T Jones]

No, to me personally. No mention of the company name!

The loan is in the name of the company, it's all very naughty.

I've just called them and confirmed the loan is not a personal liability. Seems they are just chasing in the hope you're minted and pay it!

I'm not and I'm not!!

Rightly so.

 

[ChrisCallaghan]

No, to me personally. No mention of the company name!

The loan is in the name of the company, it's all very naughty.

I've just called them and confirmed the loan is not a personal liability. Seems they are just chasing in the hope you're minted and pay it!

I'm not and I'm not!!

You have your answer!

 

[Ashley Moore]

In fictionalised format, is it addressed to

Ashley Moore
123 Bottleneck road

This!

 

[WaveJumper]

Yeah, the same government that stopped me trading.

The same government that still wanted my personal tax. So I've paid into the system that paid out to my business, don't worry!

I didn't claim furlough or any kind of grants FYI. What's the weather like up there on that box!

The weather is fine thank you very much

 

[MBE2017]

I would say a calculated letter meant to get a reaction, as it did. I would just reply in snail mail, recorded delivery, what was discussed and agreed in your telephone call, and insist they do not use any information against your name with the credit agencies since it is not a loan in your name.

I would also ask for a written reply. Better to avoid problems now.

 

[Mark T Jones]

I would say a calculated letter meant to get a reaction, as it did. I would just reply in snail mail, recorded delivery, what was discussed and agreed in your telephone call, and insist they do not use any information against your name with the credit agencies since it is not a loan in your name.

I would also ask for a written reply. Better to avoid problems now.

I would add registered post.

 

[MBE2017]

I would add registered post.

What advantage is there over recorded delivery?

 

[Gavin Bates]

Many thanks for posting this. It is odd but I have received a very similar letter from the director of a company that has already been liquidated. The liquidation is around a year old so the bank should be fully aware of the situation.

To make matters worse it is addressed to the directors (Mr & Mrs) and sadly Mr has passed away!

 

[ChrisCallaghan]

Many thanks for posting this. It is odd but I have received a very similar letter from the director of a company that has already been liquidated. The liquidation is around a year old so the bank should be fully aware of the situation.

To make matters worse it is addressed to the directors (Mr & Mrs) and sadly Mr has passed away!

As usual Gavin - automated letters without the systems in place to check the company's status.

At least once a week we get a call from a certain energy company threatening us with disconnection.... for an account that relates to a client of ours that entered into liquidation 3 years ago.