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Do you, like me get peed off

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Old Jul 10th 2013 | 7:45 pm
  #136  
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Default Re: Do you, like me get peed off

Originally Posted by HBG
It looks like I'll have to make that painful telephone call later today. It seems I have inadvertently painted the guy in a bad light, it wasn't like that.

He worked from sunrise until sundown and beyond seven days a week, paid all his dues, put employees on a proper contract, but was foolish enough to try and live an honest business life in a dishonest system he didn't understand.

He's two years away from pension status in the UK, and the whole Spanish business has made him very ill.
I have to agree with everything here. Even if the person is a good and honest businessman, he has had a whole heap of problems. That he wants to dump.

If nothing else you as a good friend, will get sucked into this and then become as frustrated as he is and it will just mess with your life. As will the phone calls asking for an update, and the calls suggesting next steps to take etc etc etc etc ....

You don't need to take on his problems. You don't need all this hassle, headache etc (which could be a lot) in your life.

A good friend will understand if you say no.

Jon

PS I wonder also if a POA does in ANY way make you a party/responsible to the problems and the costs etc.
PPS you could send a link to these posts..... if that person gets stroppy!
 
Old Jul 10th 2013 | 9:57 pm
  #137  
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Default Re: Do you, like me get peed off

Originally Posted by Jon-Bxl
I have to agree with everything here. Even if the person is a good and honest businessman, he has had a whole heap of problems. That he wants to dump.

If nothing else you as a good friend, will get sucked into this and then become as frustrated as he is and it will just mess with your life. As will the phone calls asking for an update, and the calls suggesting next steps to take etc etc etc etc ....

You don't need to take on his problems. You don't need all this hassle, headache etc (which could be a lot) in your life.

A good friend will understand if you say no.

Jon

PS I wonder also if a POA does in ANY way make you a party/responsible to the problems and the costs etc.
PPS you could send a link to these posts..... if that person gets stroppy!
Have to agree with these posts H - much as you feel you ought to help, there's no way it could turn out well for you is there?
 
Old Jul 10th 2013 | 10:44 pm
  #138  
 
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Default Re: Do you, like me get peed off

Originally Posted by HBG
It looks like I'll have to make that painful telephone call later today. It seems I have inadvertently painted the guy in a bad light, it wasn't like that.

He worked from sunrise until sundown and beyond seven days a week, paid all his dues, put employees on a proper contract, but was foolish enough to try and live an honest business life in a dishonest system he didn't understand.

He's two years away from pension status in the UK, and the whole Spanish business has made him very ill.
I have been thinking about this overnight

and I can understand why you threw this out to BE. It is a difficult one to call. We all have people we expect to trust, beit the BH/OH or so called professionals who are asking for an arm and a leg to be allowed to cock it up and charge the earth.

this reminds me of a friend who entered into a large supply & install contract, the client started playing around, failure to pay stage payments, so he took them to court. He got a partial win and at that time a major supplier hit him with a bankruptcy notice. The guy's solicitor had the money sitting in his bank account and grudgingly paid up 3 days before the court case to stave off the bankruptcy - but only after a call to the managing partner. Who had the gall to say it was all his fault for trading insolvently.

as I said earlier, my feeling is to run - but I am sure many of us here know that isn't your way, nor is it your way to turn your back on a friend.

Good luck with your decision, whatever it is I hope it works out well for both of you.

Last edited by Domino; Jul 10th 2013 at 10:46 pm.
 
Old Jul 10th 2013 | 11:11 pm
  #139  
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Default Re: Do you, like me get peed off

Maybe a solution for you is to agree to look at the mess and make some analysis of it. Once you have completed your analysis you could then give him a couple of recommendations as to where he goes to get it legally and professionally finalised. Trying to do it for him does not seem like a good solution unless you have some sort of legal background. In your situationI would try and help but limit my involvement.
 
Old Jul 11th 2013 | 3:39 am
  #140  
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Default Re: Do you, like me get peed off

Originally Posted by stuboy
Maybe a solution for you is to agree to look at the mess and make some analysis of it. Once you have completed your analysis you could then give him a couple of recommendations as to where he goes to get it legally and professionally finalised. Trying to do it for him does not seem like a good solution unless you have some sort of legal background. In your situationI would try and help but limit my involvement.
Excellent advice, that way nobody feels aggrieved or put upon.
 
Old Jul 11th 2013 | 5:59 am
  #141  
HBG
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Default Re: Do you, like me get peed off

I made the embarrassing phone call and explained why I couldn't accept the power of attorney. I have ensured that both houses are now for sale with the most honest estate agent in the area (and I've got my fingers crossed while writing that), along with the in-house lawyer. I will continue to give any help that I can.

Some more perceptive. If the guy manages to sell both houses at the ridiculously low price he is asking for them, he will have lost £200K on the houses. He has already lost £250K on selling his businesses.

It was his life time savings from working his heart out in the UK for 40 years.
 
Old Jul 11th 2013 | 7:36 am
  #142  
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Default Re: Do you, like me get peed off

Originally Posted by HBG
I made the embarrassing phone call and explained why I couldn't accept the power of attorney. I have ensured that both houses are now for sale with the most honest estate agent in the area (and I've got my fingers crossed while writing that), along with the in-house lawyer. I will continue to give any help that I can.

Some more perceptive. If the guy manages to sell both houses at the ridiculously low price he is asking for them, he will have lost £200K on the houses. He has already lost £250K on selling his businesses.

It was his life time savings from working his heart out in the UK for 40 years.
Good for you. You have helped at least with the house side and I'm sure your continued support will mean a lot to him, very sad to hear of people who so work hard ending up with nothing, but at least he had a go
 
Old Jul 11th 2013 | 9:55 am
  #143  
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Default Re: Do you, like me get peed off

Originally Posted by HBG
I made the embarrassing phone call and explained why I couldn't accept the power of attorney. I have ensured that both houses are now for sale with the most honest estate agent in the area (and I've got my fingers crossed while writing that), along with the in-house lawyer. I will continue to give any help that I can.

Some more perceptive. If the guy manages to sell both houses at the ridiculously low price he is asking for them, he will have lost £200K on the houses. He has already lost £250K on selling his businesses.

It was his life time savings from working his heart out in the UK for 40 years.
I know this has probably made you feel bad as you seem to be one of the good guys, but I really think you have done the right thing here.
 

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