Aaron & Partners LLP

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Collecting Mortgage Shortfalls for Foreign Banks

We continue to act for two Florida based banks collecting in mortgage shortfalls from British citizens who invested in the US property market. Highlights this year include serving a statutory demand followed by a proposed s.423 Insolvency Act Application to overturn a property transaction and subsequent court proceedings, which ended in the case being settled on favourable terms for the bank. Another case of note has involved various US appeal hearings, a successful County Court appeal, the successful dismissal of a permission to appeal application in the Court of Appeal and also investigating the assets of a debtor who entered into an IVA, seeking to modify the IVA and to get the bank’s debt excluded from the IVA.

Our Legal Services Include Employment, Corporate deals including Acquisitions, Mergers and Disposals, Commercial, Contract Negotiation including Software Contracts, Litigation and Dispute Resolution, Real Estate, Dispute Resolution, Insolvency, Planning and Environmental.

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