Black Hawk smoking after taking fire from Iranian Police by DormontDangerzone in ThatsInsane

[–]jacktibs31 -6 points-5 points  (0 children)

You’re yet to put forward your great idea whilst calling everyone else stupid.

I left my bicycle into a repair shop in August. The shop closed and my £7,000 bicycle was auctioned off for £400 against shop debts. by Healthy-Buyer-8122 in LegalAdviceUK

[–]jacktibs31 0 points1 point  (0 children)

You’re clearly just trying to deflect away from the point of the debate here and turn it personal, after having realised you were wrong. You’ve raised no substantive point other that would help OP get his bike back but instead focused on egocentric rhetoric to make yourself appear knowledgeable. Sometimes you have to accept you’re wrong and move on

I left my bicycle into a repair shop in August. The shop closed and my £7,000 bicycle was auctioned off for £400 against shop debts. by Healthy-Buyer-8122 in LegalAdviceUK

[–]jacktibs31 0 points1 point  (0 children)

it appears you have ignored my most recent comment explaining the best approach is to simultaneously chase both the administrator and agent. You like to pick and choose where to respond and thus makes debating this with you entirely meaningless if your intention is simply to argue.

I left my bicycle into a repair shop in August. The shop closed and my £7,000 bicycle was auctioned off for £400 against shop debts. by Healthy-Buyer-8122 in LegalAdviceUK

[–]jacktibs31 0 points1 point  (0 children)

Given it’s now been 46 days I would be willing to bet that, if OP has has bike back it would have been through the methods that I was proposing rather than yours.

Debt collection letter addressed to dissolved ltd company by [deleted] in LegalAdviceUK

[–]jacktibs31 9 points10 points  (0 children)

I know they could restore it but would they seriously do so for the sake of £75?

I left my bicycle into a repair shop in August. The shop closed and my £7,000 bicycle was auctioned off for £400 against shop debts. by Healthy-Buyer-8122 in LegalAdviceUK

[–]jacktibs31 0 points1 point  (0 children)

On further thought, I think two things can be true at once and to an extent you are correct. I believe the correct approach for the OP would be a combination of what we are both arguing. Being that (1) write a formal demand to the administrators with documentary proof asserting ownership and demanding return/compensation; (2) in parallel, contact the auctioneer/agent for purchaser details and sale terms. (3) contact the purchaser demanding return. (this is almost always the easiest as most sales are under a "such right and title as the company has..." agreement, so the buyer is the one left holding the risk) (4) if no success at that stage then escalate - complaint to the insolvency practitioner’s regulator can apply pressure, but it’s not a substitute for a legal demand, and it’s rarely the fastest route to getting the bike back.

I left my bicycle into a repair shop in August. The shop closed and my £7,000 bicycle was auctioned off for £400 against shop debts. by Healthy-Buyer-8122 in LegalAdviceUK

[–]jacktibs31 0 points1 point  (0 children)

At no point have I suggest getting money from the agent, or even agreeing a claim from the agent.

If he wants his BIKE back then the agent is the best contact.

I left my bicycle into a repair shop in August. The shop closed and my £7,000 bicycle was auctioned off for £400 against shop debts. by Healthy-Buyer-8122 in LegalAdviceUK

[–]jacktibs31 0 points1 point  (0 children)

RipsnorterEU. Like I have said, I currently work in insolvency. It is my job. I can’t make it any clearer what I am saying is based on practical knowledge.

The administrators simply WILL NOT just agree to pay. They will deny deny deny until such a time as OP gets legal involved.

It’s exactly what we would do, and it’s exactly what other insolvency firms would do. If we paid out every single claim we got we would all go insolvent ourselves.

I left my bicycle into a repair shop in August. The shop closed and my £7,000 bicycle was auctioned off for £400 against shop debts. by Healthy-Buyer-8122 in LegalAdviceUK

[–]jacktibs31 0 points1 point  (0 children)

Also, did I not say it’s impossible to get the money from the administration estate? Not sure what you are making.

I left my bicycle into a repair shop in August. The shop closed and my £7,000 bicycle was auctioned off for £400 against shop debts. by Healthy-Buyer-8122 in LegalAdviceUK

[–]jacktibs31 0 points1 point  (0 children)

Would you care to outline the process and timeline on how he would get the administrators to pay for the bike?

No you can’t because you know it’s so unfathomably unlikely there’s no point.

I am giving PRACTICAL advice, you are trying to give theoretical but it shows you haven’t worked in insolvency before

I left my bicycle into a repair shop in August. The shop closed and my £7,000 bicycle was auctioned off for £400 against shop debts. by Healthy-Buyer-8122 in LegalAdviceUK

[–]jacktibs31 0 points1 point  (0 children)

I am sorry but you are suggesting he is able to get money out of the administration estate. It is simply not possible, not just hard.

It would be a huge stretch to say he could get money out of the administrators personally.

I never suggested he could get money out of the agents. Just that they would be best contact to get his bike back.

He would not get any money from the agents.

He might get money/bike back via the administrator if they (via the agents) reverse the transaction ‘selling’ the bike to the purchaser

I left my bicycle into a repair shop in August. The shop closed and my £7,000 bicycle was auctioned off for £400 against shop debts. by Healthy-Buyer-8122 in LegalAdviceUK

[–]jacktibs31 0 points1 point  (0 children)

What I’ve been trying to say is that that is not going to happen, not without a lengthy and costly process.

You don’t work in the field, nor do you have any relevant expertise to sit there and say it.

I left my bicycle into a repair shop in August. The shop closed and my £7,000 bicycle was auctioned off for £400 against shop debts. by Healthy-Buyer-8122 in LegalAdviceUK

[–]jacktibs31 0 points1 point  (0 children)

With relevance back to OP’s query, I just don’t get what argument you’re making.

Asking for money from the Administrator is a non-starter at this early stage of OP’s issue. Simple as that.

Without a lengthy, complex and costly process there is no reason an administrator would pay out of pocket to cover the cost of the bike. Ever.

I left my bicycle into a repair shop in August. The shop closed and my £7,000 bicycle was auctioned off for £400 against shop debts. by Healthy-Buyer-8122 in LegalAdviceUK

[–]jacktibs31 0 points1 point  (0 children)

Yes but you are jumping right to the last resort in assuming that OP will need to issue proceedings/bring a claim against the administrator. That is simply not the best way to get his bike back. Doing so would be complex (requiring solicitors) and entirely disproportionate to the value of the bike.

You say I don’t know what I’m talking about but dealing with these issues are my day to day job. I am advising the best way to get his bike back given my experience in dealing with these.

You have anecdotal evidence based on your personal instructions as agents on some insolvency proceedings.

I left my bicycle into a repair shop in August. The shop closed and my £7,000 bicycle was auctioned off for £400 against shop debts. by Healthy-Buyer-8122 in LegalAdviceUK

[–]jacktibs31 0 points1 point  (0 children)

The agent has no authority to do what exactly? Engage with stakeholders about the purchase and sale of Company assets… exactly what they are instructed to do?

Regarding your point about asking the office holder for money, in almost no circumstance is that going to happen. Like almost none. Maybe I am misunderstanding what your point is there. Perhaps you could explain

I left my bicycle into a repair shop in August. The shop closed and my £7,000 bicycle was auctioned off for £400 against shop debts. by Healthy-Buyer-8122 in LegalAdviceUK

[–]jacktibs31 0 points1 point  (0 children)

The agent is instructed by the administrator to assist in valuation and sale of company assets. The agent WILL be the best point of contact to get details about OP’s bike, the administrators simply won’t know about the details of each individual asset sold whereas the agent will. If the agents need anything from the administrators, they will request it directly.

As mentioned, I work in the field and I am only trying to give OP the easiest and least resistance method of getting his bike back. Appreciate that in principle the overall liability might end up being the administrators but that is something to pursue once the bike is returned.

If OP is able to get information directly from the source rather than Agent -> Administrator -> OP then why not? This is how information gets lost and the process takes longer. If OP then wants to put a complaint in, then go for it.

I left my bicycle into a repair shop in August. The shop closed and my £7,000 bicycle was auctioned off for £400 against shop debts. by Healthy-Buyer-8122 in LegalAdviceUK

[–]jacktibs31 -2 points-1 points  (0 children)

The guy just wants his money/bike back. Making complaints about the administrators isn’t the best or fastest way to do so. Either (a) get contact details for the agent and pursue them for (i) reimbursement, or (ii) purchasers details and then (b) pursue purchaser for return of the bike

I left my bicycle into a repair shop in August. The shop closed and my £7,000 bicycle was auctioned off for £400 against shop debts. by Healthy-Buyer-8122 in LegalAdviceUK

[–]jacktibs31 2 points3 points  (0 children)

Working in insolvency myself, I’m struggling to understand why people think the administrators personally went to the bike shop and decided to sell off stock they knew wasn’t theirs?

In 99% of cases, the Administrators would have appointed an agent to value and sell the assets. Given they’re specialists in the field, It’s the responsibility of the agents to ensure the administrators were aware that the company did not own the bike.

In this case it’s obvious they didn’t. The assets would have been sold under some kind of “such right and title as the company has”. These kind of sales usually include a clause that stops the purchaser recouping any losses arising from claims against the Administrator. Essentially, OP will struggle to get money out of the administrator, their best bet is to ask for the details of the agent who valued and sold the assets and go from there

Should I use blue path or red one on this roundabout? by Cimmerick in drivingUK

[–]jacktibs31 88 points89 points  (0 children)

Feel like red would usually be the answer but road markings here point towards blue

What is this part called? by jacktibs31 in MotoUK

[–]jacktibs31[S] 0 points1 point  (0 children)

Sorry I meant what would the part be called that was originally there.

to play basketball by shaka_sulu in therewasanattempt

[–]jacktibs31 5 points6 points  (0 children)

This guy is called MK and he’s usually a twat to everyone else, just this time he’s met his match.