hi i have been running a pub for 2 yrs and told my area manager i had to shut it because i was loosing money, they have changed the locks and put somebody else in the pub after 2 weeks.they are now asking me to pay 6 months loss of rent plus costs which comes to over £23,000.00 if i dont they say they will transfer my debt to my other pub which is with the same company, if they do this that will put me out of business.what are my options ?
Province/Country relating to question : england
Thanks for your question. Please remember to click ACCEPT once you get my answer.Does the agreement you had with the old pub allow the debt to be transferred?Is it in your own name rather than a cmpany?
the pub is in joint name with me and my partner
not sure if debt can be transfered
You need to check the lease or any contract.If it states the debt can be assigned or transferred then it can.Otherwise it won't.It will all be in the detail of the paperwork. Please remember to click accept so that I am credited for my time. Thank you.
Called to the Bar in 2007
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