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Business Liquidation Problem

  • 06-04-2013 10:25pm
    #1
    Missyelliot2
    Registered Users, Registered Users 2 Posts: 1,472 ✭✭✭


    Hello all,

    We recently bought a house and got a local business to measure etc for tiles. We were asked for half upfront (as the tiles were being imported), which was fine. The owner also requested that the sum of money be paid to his wife's account - which we stupidly didn't question at the time - we trusted him. We feel he knew his business was going bust, but was hoping that it could be salvaged and by us putting the money into his wife's account, we were somehow 'safe'.

    The business went into liquidation - along with our money....however, as we had paid the money into his wife's account, did the bank have the right to take money from his wife's account to cover business debts?

    We really would rather sort this out without going into it legally, but having spoken to the bank - they are citing 'business fraud' etc - we are just wondering why we need to pay the price for the liquidation? Is it worth pursuing?

    Would be so grateful of any advice - Thank you!


Comments

  • #2
    Sponge Bob
    Banned (with Prison Access) Posts: 25,234 ✭✭✭✭Sponge Bob


    Simple, sue the wife for the money so. The 'business' never got it, she did.

    Make sure you charge interest.


  • #3
    Missyelliot2
    Registered Users, Registered Users 2 Posts: 1,472 ✭✭✭Missyelliot2


    Sponge Bob wrote: »
    Simple, sue the wife for the money so. The 'business' never got it, she did.

    Make sure you charge interest.

    Thanks Sponge Bob - If the bank took the money from her account and transferred it to the 'business liquidation', surely the business 'benefitted', by not having as many debts.


  • #4
    Tom Young
    Legal Moderators, Society & Culture Moderators Posts: 4,338 Mod ✭✭✭✭Tom Young


    No legal advice available here per charter. Contact your solicitor quickly. If the funds were paid elsewhere a number of angles arise - Civil and Criminal ;)


  • #5
    Missyelliot2
    Registered Users, Registered Users 2 Posts: 1,472 ✭✭✭Missyelliot2


    Tom Young wrote: »
    No legal advice available here per charter. Contact your solicitor quickly. If the funds were paid elsewhere a number of angles arise - Civil and Criminal ;)

    sorry...didn't mean to. Thanks a mil - green here!!


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