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apprentice87

Advice needed..

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ProDave
1 hour ago, apprentice87 said:

??????

 

New member trying to get to 10 posts to post something

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kerching
1 hour ago, apprentice87 said:

??????

 

I think he was getting excited and suffered from premature excavation

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Andy™

go buy a brand new hitachi excavator. hundreds in their yard from little mini diggers to very large

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apprentice87

Could if i had a lottery win!! But then, if i did, i would not need an excavator anyway!! California, here i come!! [As long as it is the place with the girls on roller skates that is!!!]

 

john..

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Sidewinder
On 18/05/2018 at 23:59, Tony S said:

The son can’t sell anything without the liquidator’s agreement as it isn’t his property.

 

That said the liquidator’s would look on it as a source of income to clear any debts so you should give it a punt.

 

The pecking order as you will probably know, HM government, Banks and finally the poor sods the business owes money to.

 

P.S.

Why do you need/want a mini digger?

HMRC are now bottom of the list Tony, or at least they were, when my company went bump about 8 years ago.

The liquidators get their cut first, what is left is split among the other creditors on a pro-rata basis, unless the banks have a charging order they are not entitled to any more than any other creditor.

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apprentice87

Hi Paul!

What worried me, is that the son insists on cash.. Should it not be a cheque written out to the firm, or at least to the liquidator??

 

Anyway, i think they just want to grab the money for themselves, well, that is theft i think..

 

How do i know that the liquidator even knows the thing exists?? What happens when he finds it had disappeared without a paper trail??

 

I want a digger as loads to do around my house, well, not LOADS, but enough that i do not want to be hiring the things, be better to buy one and then i can use it at my convenience. I would not be able to deal with the hire people anyway..

I will buy one use it to do what i want, [which will take some considerable time!] and then sell the thing..

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Murdoch

For all you know the liquidator might find the receipt for when it was bought, or is stated as an asset - then go looking for it ................... tricky one

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apprentice87

That is what i mean.. As soon as they said it had to be cash i knew there was something not right. I should do the digger version of HPI'ing the thing, but i am not going to waste £30 doing that. I might get one from a dealer.. At least then i know i will be able to sell it on, and that there is no-one looking for it..

 

They were really helpful in the plant place. i asked them did they ever get offered stolen stuff, and they said not directly, but that all the time they would have people that bought a machine, and then, maybe years later, go to part ex it for one of theirs, only to find that they owe a finance company all sorts of money!!

 

john..

 

 

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kerching

Can't you justapproach the liquidator and make them an offer?

explain that they will,have no,warranty issues or transport costs if you buy it?

just a thought

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Tony S
3 hours ago, Sidewinder said:

HMRC are now bottom of the list Tony, or at least they were, when my company went bump about 8 years ago.

The liquidators get their cut first, what is left is split among the other creditors on a pro-rata basis, unless the banks have a charging order they are not entitled to any more than any other creditor.

 

I’ve only quidated companies, I’ve never been forced in to receivership. That was 20+ years ago. Each time I got a sizable refund from HMIT. The rules then were HMIT along with VAT first.

 

If you want up to date information, marry a tax inspector.

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apprentice87

I "could" approach the liquidator, and this would be the proper thing to do AND i would most likely get the thing very cheaply, BUT i have to live next door to these people... i cannot see them being best pleased...

 

john..

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