We were asked by one of
our overseas clients to visit a debtor to interview them about their finances
and to get a closer feel for their asset base. The subjects owed a large amount
of money to a financier abroad and our client wanted the debt transferred and
registered in the UK to allow them to obtain judgment and proceed with
enforcement.
When they had originally
borrowed the money they provided a schedule of their assets both
in New Zealand (where they resided at the time) and in the UK. When
the borrowing went into default they fled back to the UK. We tracked them down
and met with them. Whilst not particularly pleased to see us they saw the error
of their ways and co-operated with us. We were able to establish that they did
indeed have a good asset base and were also in full time, well paid,
employment. The liabilities they had were comfortably manageable.
