Quote from: Dr Charles on December 19, 2014, 11:40:31 PM

Quote from: Test User on December 19, 2014, 10:13:44 PM

Quote from: Crypto2011 on December 19, 2014, 08:15:02 PM

I remember a while ago someone on here saying how they were persuing 2 separate claims. One against alpha the company, and another claim against the individual, Akram. Whoever it was, did they successfully win the judgement against Akram individually? I've heard of the cases of Alpha losing but not paying up, but not of any cases of Akram losing. It would seem to me to be more likely to get your money back if you have a judgement against the individual rather than the business as the business can just wind down and dissapear. The person cannot as easily dissapear, and if he comes back to Britain, may be more easily traceable by debt collectors.

The problem is that alpha is a limited company. That means that liability for any debt that the company has is limited to the company only. The directors, in person, are immune against any claim for money.

It is very, very difficult to make a claim against a director in person. You basically have to prove that they were stealing money from the company before the company disappeared.

difficult but not impossible.... called "piercing the corporate veil"

Been there and done that. Waiting on the judgment hard copy then sending the bailiffs to Mr Akram. I HAVE a personal judgment against Mohamed Akram and against AT so i intend to summon him to court to explain where the money is if i don't get anything out of him. If he does not turn up he is in contempt of court and a warrant for his arrest will be issued. I intend to post the date and location here if you want to have a chat with him. Expect news in a month or two..... If there is still nothing i will go after the other directors up to 7 years previous but i think they will have a lot of explaining to do to the Official Receiver at the Insolvency Service when it finally goes pop. Also i note they have updated their address on companies house. This is a mistake for him as he has declared they they are a virtual company. So his home is his office and High court Sheriffs are entitled to FORCE ENTRY on premises where the business is being operated from, ANY premises where it is being operated from. it will be a slow but painful year for Mr Akram and family. Sheriffs also seize a lot of assets to cover their costs. Cars, computers, TVs, iPhones.....