Quote from: PrimeNumber7 on November 30, 2019, 07:30:36 PM

Quote from: JollyGood on November 18, 2019, 08:23:34 AM

Quote from: PrimeNumber7 on November 18, 2019, 06:48:41 AM

If you asked my opinion, it sounds like you are trying to delay getting sued until after the statute of limitations on your debts expires.

I have no idea if what your various investors claim they are owed by you are debts that a court will enforce, but my belief is they would if a lawsuit is filed within the statute of limitations. Your apparent intimidation elsewhere in this thread, and other history makes me believe that it would probably be best for any potential creditors to file a lawsuit sooner rather than later regarding any debts you may have defaulted on.

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Many businesses fail every day. Don't invest what you can't afford to lose.

This does not absolve you of responsibility if you have personally promised to repay debts incurred operating a business.

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The ridiculous "Many businesses fail every day. Don't invest what you can't afford to lose" line is not going to save him in any criminal or civil lawsuit. <>

Businesses do fail every day, and creditors often do not go after debts from failed businesses if there is no money to collect because it often is expensive to initiate a lawsuit to even attempt to collect.

If Dean were to make creditors believe there is no money to collect now, but there may be future income that will repay debts in the near future, creditors may not want to sue in court to try to collect. If there is money to be collected, it would be in creditors to file a lawsuit sooner rather than later to protect against the money being spent.

Quote from: JollyGood on November 18, 2019, 08:23:34 AM

Regarding him hoping to delay any action against until a statutory time limit has expired, that will not apply to this situation because he is a UK citizen holding a British passport and there is no such statutory time related issues in UK law. The Proceed of Crime Act 2002 is the section of UK law (especially the money laundering part) which will most probably be used against him and a successful prosecution always leads to jail time.<>

I am not familiar with this law. If this is a law that may result in Dean being criminally charged, this will probably not help any of his creditors if he is charged many years from today.Criminal courts often also have a longer "reach" than civil courts, as a criminal court in a location may have jurisdiction over a case that a civil court does not.

If one of Dean's creditors were to sue him to enforce the debt, they need to sue in a specific jurisdiction that depends on potentially a number of factors. If the terms of the debt do not specify what jurisdiction's court can hear any disputes related to the debt, a court with jurisdiction over the location of which the debt was incurred can likely hear a case. However the "location" of where a debt was incurred is frequently a more difficult question than it sounds. Different jurisdictions have different statutes of limitations as to when creditors can be sued, and if you sue in the incorrect jurisdiction, the statute of limitations may have expired by the time you find out that court cannot hear your case.

My suggestion is for anyone owed a substantial amount of money to hire a lawyer ASAP to get advice regarding possibly suing to collect on what you are owed.

I can save you time. There is no debt to be repaid. There's also a group who already tried to sue, a year ago, who gave up because their lawyers said there was no case, the same as my lawyers said a year ago too.

Everyone in any of these BK scam threads are totally clueless. I guess it's just a case of trying to make drama out of nothing and trolling out of boredom.