How to make 'friends' pay their fees

I recently had a 'friend' who would just not pay his fees. Whenever I gave him an invoice he said 'I will put this in my back pocket to remind me to pay it'

Needless to say he never did.

I took him to court and was awarded a decree against him, but he simply went bankrupt.

An AIB was appointed, and though it has been claimed that most creditors are unhappy with the results achieved by them, I would say I am more than unhappy.

It has taken him many months to establish the ownership of the residential house, in his name, his wife's name. or joint names.

But the final straw was when I learned that the bankrupt had taken certain assets of the business home with him for 'safe keeping' If he did this on his own, this should amount to theft. If he did it with the knowledge of the AIB, then I would feel that this is contrary to the ethics which state that an AIB should act in the best interests of creditors.

Have any members comments to make on this.

Finally, I would state that this had been a hard lesson, and all my contracts now state that no filing of any kind, wages, VAT or accounts will take place until all accounts rendered have been settled, and cheques cleared through the bank. There are no friends in business.

Comments
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Yes, Cover Thy Rear is a Good Motto

Moonbeam |
Moonbeam's picture

Hmmm - does not sound like a friend to me

taxhound |
taxhound's picture

One tip

mr. mischief |
mr. mischief's picture

My argument would be do you

uktaxpal |

True friends

Flash Gordon |
Flash Gordon's picture

Friends and business dont mix

uktaxpal |

Un-like moonbeam I cant

Pelican |

Never had this problem to be honest.

Steve Holloway |
Steve Holloway's picture

Thanks for all your advice

HUGH W DUNLOP |

"A friendship founded on

chetan |

Chetan

HUGH W DUNLOP |

Friendship/ AIB

HUGH W DUNLOP |

Assets of the business

brianheg |

HWD    You sound like a

uktaxpal |

@uktaxpal

ken.voller |
ken.voller's picture

uk tax pal

HUGH W DUNLOP |

The "Rich" accountants never

David Gordon FCCA |

Dont understand why you refer

uktaxpal |

UKTAXPAL

HUGH W DUNLOP |

DAVID GORDON

HUGH W DUNLOP |

Hugh W Dunlop

brianheg |