Just had a phone call from a work colleague.
He bought a bike from a 'friend'. He has had it for over a year as it has had two MOT's on it during his ownership.
The 'friend' has sent him a text tonight asking for the bike back because the baliffs have been there. They have said they will 'sort the money out later'. Yes, of course they will.
Now here is the question. If the bike has outstanding HP, I think it is owned by the HP company. Is this right? If so, where does he stand? Can the bike be taken from him, even though the debt is the previous owners?
I have already advised him to seek legal advise tomorrow, but in the meantime I pass it over to the 'org...
Where does he stand?