Ive been informed by credit com that a creditors petition is filed on 8th Jan 2018 against me.
1. Im the guarantor for the company car ( im one of the director)
2. the car was sold to second car dealer which was recommended by the bank staff(the name was not transferred)
3. After some months the car went missing, apparently the owner of the second hand car had died of an accident (car still under my com name)
4. Made 2 police report
5. Bank still wants me to settle the 90k balance.
7. car cannot be located.
8. ask the bank for monthly instalment but denied (too low sum...im Jobless)
Please Help with a solution as in the midst of selling my property.
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