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I am going to see my business adviser at the Nat West next week as I wish to wind up a partnership which is still carrying a small overdraft (less than £3k). Do either of you have any thoughts on what I should say to him? I was hoping they would write it off, only I think it is not enough money to qualify, as I clearly should have borrowed more like £2.5 billion to get this kind of deal.

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I am going to see my business adviser at the Nat West next week as I wish to wind up a partnership which is still carrying a small overdraft (less than £3k). Do either of you have any thoughts on what I should say to him? I was hoping they would write it off, only I think it is not enough money to qualify, as I clearly should have borrowed more like £2.5 billion to get this kind of deal.

does your partner know?

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I am going to see my business adviser at the Nat West next week as I wish to wind up a partnership which is still carrying a small overdraft (less than £3k). Do either of you have any thoughts on what I should say to him? I was hoping they would write it off, only I think it is not enough money to qualify, as I clearly should have borrowed more like £2.5 billion to get this kind of deal.

:lol:

I'd ask them for proof of money changing hands. A signed cashier receipt for preference.

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I am going to see my business adviser at the Nat West next week as I wish to wind up a partnership which is still carrying a small overdraft (less than £3k). Do either of you have any thoughts on what I should say to him? I was hoping they would write it off, only I think it is not enough money to qualify, as I clearly should have borrowed more like £2.5 billion to get this kind of deal.

I'm not sure how to advise you on this - I'd get an accountant or a lawyer if I were you. Shouldn't cost you must in the scheme of things.

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I'm not sure how to advise you on this - I'd get an accountant or a lawyer if I were you. Shouldn't cost you must in the scheme of things.

its a partnership which means each and every partner is personally liable for the shortfall.

The bank may not write this off if you have an income or other means of support.

drink their coffee and waste as much time as you can with them.

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There's not a chance they'll write it off. If you don't pay they'll sue you and you'll get a CCJ on your credit record and the bailifs will come around and nick your car/TV/sofa/delete as appropriate.

What you needed was a limited company, not a partnership.

You might get let off if your real name is Væçéážφvich and you give your new address as 89236234a Bombay Rd, Bombay.

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I am going to see my business adviser at the Nat West next week as I wish to wind up a partnership which is still carrying a small overdraft (less than £3k). Do either of you have any thoughts on what I should say to him? I was hoping they would write it off, only I think it is not enough money to qualify, as I clearly should have borrowed more like £2.5 billion to get this kind of deal.

i guess if you do not pay we all have to, i would rather they do not write it off and you pay it

ta

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i guess if you do not pay we all have to, i would rather they do not write it off and you pay it

ta

I'm not saying I won't pay it. I find it morally repugnant that people who have set up limited companies can walk away from their debts. I just want to have a bit of fun with him. How can anyone object to that?

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Cross your legs ,Smile at the manager and say " surely there must be something you can do" and hope he replies " is there a Mr Dangerous Mrs Dangerous?"...............

How hard can you bite Mrs Dangerous?

If I read about a bank manager getting a bobbit over £3K in a national newspaper, I will happily help you with your loan.

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Is it an old school partnership or an LLP?

edited to add - if its an LLP and there are no personal guarantees on the overdrat you might be able to say, sorry, the partnership does not have the cash. If its a traditional partnership with full liability, try Injuns method.

Edited by worzel
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There's not a chance they'll write it off. If you don't pay they'll sue you and you'll get a CCJ on your credit record and the bailifs will come around and nick your car/TV/sofa/delete as appropriate.

What you needed was a limited company, not a partnership.

You might get let off if your real name is Væçéážφvich and you give your new address as 89236234a Bombay Rd, Bombay.

Oh another uptight response from a organ of the white machinery (or in technical terms Facism - of course the machinery can be any colour as apple have proved). I always did like my white goods but not when they are this tense and inflexible.

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I will not put a bankers knob in my mouth, not even for £3k. Maybe for £300k. Oh, now we're just negotiating the price.

A little old lady went into the Bank of Canada one day, carrying a bag of money. She insisted that she must speak with the president of the bank to open a savings account because, "It's a lot of money!"

After much humming and hawing, the bank staff finally ushered her into the president's office (the customer is always right!). The bank president then asked her how much she would like to deposit. She replied, "$165,000!" and dumped the cash out of her bag onto his desk. The president was of course curious as to how she came by all this cash, so he asked her, "Ma'am, I'm surprised you're carrying so much cash around. Where did you get this money?" The old lady replied, "I make bets."

The president then asked, "Bets? What kind of bets?" The old woman said, "Well, for example, I'll bet you $25,000 that your balls are square." "Ha!" laughed the president, "That's a stupid bet. You can never win that kind of bet!" The old lady challenged, "So, would you like to take my bet?" "Sure," said the president, "I'll bet $25,000 that my balls are not square!" The little old lady then said, "Okay, but since there is alot of money involved, may I bring my lawyer with me tomorrow at 10:00 AM as a witness?" "Sure!" replied the confident president.

That night, the president got very nervous about the bet and spent a long time in front of a mirror checking his balls, turning from side to side, again and again. He thoroughly checked them out until he was sure that there was absolutely no way his balls were square and that he would win the bet.

The next morning, at precisely 10:00 am, the little old lady appeared with her lawyer at the president's office. She introduced the lawyer to the president and repeated the bet: "$25,000 says the president's balls are square!" The president agreed with the bet again and the old lady asked him to drop his pants so they could all see. The president complied.

The little old lady peered closely at his balls and then asked if she could feel them. "Well, Okay," said the president, "$25,000 is a lot of money, so I guess you should be absolutely sure."

Just then, he noticed that the lawyer was quietly banging his head against the wall. The president asked the old lady, "What the hell's the matter with your lawyer?" She replied, "Nothing, except I bet him $100,000 that at 10:00 AM today, I'd have The Bank of Canada's president's balls in my hand."

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My tuppence worth is this:

try to remember if you signed any personal guarantees. Ask the bank when you go in, and ask for the original back plus written confirmation that it is cancelled. Banks are always passing pieces of paper over at meetings, which turn out to be personal guarantees later. Find out what other paperwork they've got. Get it all back.

Second: don't be surprised it the bank manager is waiting to ambush you on arrival, with a demand for the overdraft to be repaid immediately or some such, and a piece of paper for you to sign.

If you want to tease the bank employees do any or all of the following: Ask to see a copy of their passport, so you can check their identity. Ask them how much they earn. Ask what happens to your money if the bank goes bust.

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