I was living with an accountant , who knew I had money to invest and we discussed a client of his that was having financial difficulties. The accountant assured me my money would be safe as he not only did the books but had control of the banking. He then drew up a loan agreement and myself and the debtor signed. This original agreement was for £15000.00, then I was asked if I wanted to invest more, so I did another £8000.00 . Within a couple of months the creditor had a claim against him and then he went into liquidation. My agreements that I signed are that I can place a hold or something similar against the creditors home. and I was advised by the liquidation company went under, the agreements are the creditors personal liability. so I had no claim there.
I feel that the accountant was at fault, because he had all the information in front of him. This happened in 2010/ 2011. I have not done anything as I obviously lost all my money and could not afford to go further. I am sure the accountant did not do this maliciously but I am thinking why am I suffering for another persons mistake.
I have only taken his advice and It was a personal loan
the accountant arranged it all for me
sorry I have sent you the documents for you to look at
but I have no recourse then on the accountant who set it up.
what happens if I take him to court basically I will just have a hold on part of his estate but not get money ?
ok thank you for the advice
I will get nothing from him with Baliffs,
he has no movable assets just his houses