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## Situation Overview:

I recently received a letter from a company we bought cars from twelve years ago. As directors, we personally guaranteed the purchases. We were unable to keep up with payments and had to return the cars. Despite making gradual payments, we never seemed to make any significant progress.

## Company Communication:

The letter in question came from the car company, not Shield, with whom I had a payment arrangement in place.

## Concerns and Questions:

Can the car company simply send the letter back like that? I am hesitant to reach out to them given the circumstances. I am frustrated that Shield went into administration, and I have no intention of doing business with them again.

## How AI Legalese Decoder Can Help:

The AI Legalese Decoder can assist in interpreting the legal language used in the communication from the car company. It can provide insights into the implications of the letter and offer guidance on how best to proceed in this situation. By utilizing the AI Legalese Decoder, you can gain clarity and understanding of your rights and responsibilities in relation to the matter at hand.

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4 Comments

  • Uncertain_Philosophy

    Sounds like they purchased the debt from Shield? This is pretty normal. Liquidators sell the loan book to recoup money to fund the wind up.

    Not sure what you mean by ‘send it back like that’.

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  • noannualleave

    You still need to deal with whoever is now contacting you. Just because Shield went into administration doesn’t mean what is owing to them disappears.

  • Ok-Motor18523

    Sounds like you should inform them you’ve haven’t made any payments as the debt is resolved.