Jobs

Business & Finance

Developer fails to pay.... Help?

Developer fails to pay.... Help?
Contracts were exchanged last year for the sale of my house and land. Developer now saying cant get money to pay. This is a medium sized Midlands based firm with several assets. Monthly penalties began to incur from May this year at a set sum, they have also reneged on this. Several breaches of contract have now come to light as they have not kept me fully informed as per contract. Contract expires November 08.
What redress do I have.... dont have any large pots of cash left after all this! ? Stat Demand for smaller amount first? to test waters? or go for big one? Cant afford £60k to sue and likelihood of them just folding and doing them a favour is probably high!

junction26 07/10/2008

junction26 Tue 07/10/08 16:07

<< Previous

Next >>

Subscribe to question

Post an Answer

Important Notice
The information provided by The AnswerBank does not constitute financial, investment or tax advice. You are advised to discuss your specific requirements with an independent financial advisor prior to entering into any binding contracts. The AnswerBank terms and conditions of use apply.

There are no answers at present

Submit the above question and answers

add to del.icio.us	add to digg	add to furl
add to reddit	add to Technorati	add to Blinklist
add to StumbleUpon	add to squidoo	add to ma.gnolia
add to Cocomment	add to Netscape	add to Fark