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bank over-draft repayments

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  • 03-04-2012 2:33pm
    #1
    ganger
    Registered Users Posts: 264 ✭✭


    Up to 4 years ago i was in a partnership/company where we had a joint bank a/c .This a/c had an overdraft of 6000,anyway in mid 2008 i left this partnership to take up direct employment.The overdraft was clear and i had taken for granted that the a/c was closed.It wasnt and my ex partner kept trading using this a/c.To cut a long story short i received a letter telling me i had an option of trying to clear overdraft monthly,settle with a lump sum or have debt collector calling to my house.I cannot contact ex partner as of yet.What can i do ?? To say im in dire straits at the moment would be an understatement. Has anybody here advice as to how to resolve this? Thanks


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    #2
    [Deleted User]
    Posts: 23,339 ✭✭✭✭ [Deleted User]


    Was/Is it a Ltd company?


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    #3
    ganger
    Registered Users Posts: 264 ✭✭ganger


    thanks for replying ,No it was'nt,


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    #4
    [Deleted User]
    Posts: 23,339 ✭✭✭✭ [Deleted User]


    Who was the letter from? The bank?
    Where were they posting the statements etc (new cheque books etc etc) for the last 4 years?


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    #5
    ganger
    Registered Users Posts: 264 ✭✭ganger


    The letter came from the insolvency and debt recovery section,the cheque books and statements were posted to the partners address.


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    #6
    ganger
    Registered Users Posts: 264 ✭✭ganger


    RoverJames wrote: »
    Was/Is it a Ltd company?
    I should have added that we were both sole traders with a joint bank a/c


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