Page 1 of 2 12 LastLast
Results 1 to 20 of 36

Thread: Bounced cheaque

  1. #1

    Default Bounced cheaque

    Hi People,

    I am starting a new thread here seeking for help on a bounced cheaque in which my father received when he sold off his car. Subsequent agreed payment has been delayed again and again.

    For your information, they signed the agreement on 31 Dec and till now, payment has not been received. I only got to know the whole matter yesterday and i called the buyer, telling him that if payment is not made today, i will proceed to take action.

    May i ask, can i lodge a police report against the person based on the bounced cheaque and consider this as cheating? If not, any means to take any legal action against the person? Thanks in advance!

    Regards
    WhiteWolf

  2. #2
    Moderator ortega's Avatar
    Join Date
    Nov 2004
    Location
    Singapore, Singapore, Singapor
    Posts
    23,686
    Blog Entries
    7

    Default Re: Bounced cheaque

    has the paper work for transfer of vehicle been submitted?

  3. #3

    Default Re: Bounced cheaque

    Hi Ortega,

    Yes, everything is done. Ownership transferred. Hai~~

    Quote Originally Posted by ortega View Post
    has the paper work for transfer of vehicle been submitted?

  4. #4

    Default Re: Bounced cheaque

    I am not legal trained, but based on what I know:
    - A cheque is a promise to pay, and it's legally binding on the person who gives you the cheque.
    So, yes, based on that, you should have a legal recourse to the person who issued the bounced cheque.

  5. #5

    Default Re: Bounced cheaque

    Hi Amedia,

    Thanks.. I feel better after hearing that. Hope payment is made today and save us all the hassles of making a report against him. Really pissed off with these people, trying to make a meal out of the elderly.

    Quote Originally Posted by AMediaLuz View Post
    I am not legal trained, but based on what I know:
    - A cheque is a promise to pay, and it's legally binding on the person who gives you the cheque.
    So, yes, based on that, you should have a legal recourse to the person who issued the bounced cheque.

  6. #6

    Default Re: Bounced cheaque

    you must quickly go make a police report, take the police report and go LTA to stop
    any further transfer of the vehicle ownership.

    the case will get even more complicated if its transfered to another owner.
    Taoism 你知[道]吗?http://yeobt.multiply.com
    Read With An Open Mind And Surely You Will Be Benefited.

  7. #7
    Moderator ortega's Avatar
    Join Date
    Nov 2004
    Location
    Singapore, Singapore, Singapor
    Posts
    23,686
    Blog Entries
    7

    Default Re: Bounced cheaque

    Quote Originally Posted by yeobt View Post
    you must quickly go make a police report, take the police report and go LTA to stop
    any further transfer of the vehicle ownership.

    the case will get even more complicated if its transfered to another owner.
    I 2nd the above. Do it now

  8. #8
    Member
    Join Date
    Jun 2008
    Location
    Jalan Poonpipi
    Posts
    758

    Default Re: Bounced cheaque

    Cheque - you can only get your money if the person who issue it got enough money in the bank account. Bounced cheque = big trouble. This is NOT a criminal case, but a commercial case. Your recourse is to spend more money to hire a lawyer to fight it out in court. It means more money and time. In business, folks works on credit all the time, 60days payment, even 120days and so forth, writing off bad debts etc.

    Cashier Order - yes, this is real money. The payer goes to the bank and ask for a cashier order in your name. The bank transfer the money to that piece of paper in your name - it is as good as cash in a piece of paper honoured by the bank. This is safe and secure. In other words, it is "cheque" issued by the bank, not by your creditor, who could default.
    Do not be afraid [of ghost and bullies] Shoot them......

  9. #9

    Default Re: Bounced cheaque

    Hi La Fontaine,

    You mentioned earlier about hiring a lawyer to recover the money. Should we win the case, will the lawyer fees bear by the person?

    Quote Originally Posted by La Fontaine View Post
    Cheque - you can only get your money if the person who issue it got enough money in the bank account. Bounced cheque = big trouble. This is NOT a criminal case, but a commercial case. Your recourse is to spend more money to hire a lawyer to fight it out in court. It means more money and time. In business, folks works on credit all the time, 60days payment, even 120days and so forth, writing off bad debts etc.

    Cashier Order - yes, this is real money. The payer goes to the bank and ask for a cashier order in your name. The bank transfer the money to that piece of paper in your name - it is as good as cash in a piece of paper honoured by the bank. This is safe and secure. In other words, it is "cheque" issued by the bank, not by your creditor, who could default.

  10. #10

    Default Re: Bounced cheaque

    hi,

    can you expose the buyer's name and contact, age, race and all other info
    so that we can spread this news to potential seller to lookout.

    TIA
    Taoism 你知[道]吗?http://yeobt.multiply.com
    Read With An Open Mind And Surely You Will Be Benefited.

  11. #11

    Default Re: Bounced cheaque

    Good luck to you.
    You can only hope the person pay you back.
    And if they do not, u can only go thru civil court to get it back.

    But before that, think if the lawyer fees are worth it.
    U can make a police report, i doubt the police can do anything about it.

    I went thru the same thing, and lost almost 10K, though that idiot was in jail for a few months.

  12. #12

    Default Re: Bounced cheaque

    what is the cheque amount?

  13. #13

    Default Re: Bounced cheaque

    Latest update, received another cheaque from that person.
    Amount: $11K. Hope it will got through this time.

  14. #14

    Default Re: Bounced cheaque

    if this guy has history of issueing bounce chq, dishonest chq, its a CBT case.
    make police report and get it recorded for future reference.
    Taoism 你知[道]吗?http://yeobt.multiply.com
    Read With An Open Mind And Surely You Will Be Benefited.

  15. #15

    Default Re: Bounced cheaque

    Quote Originally Posted by White Wolf View Post
    Latest update, received another cheaque from that person.
    Amount: $11K. Hope it will got through this time.
    PERHAPS ... it might have been better to absolutely NOT accept ANY CHEQUES from this person.

    Seriously.
    Last edited by Dream Merchant; 27th January 2011 at 02:56 AM.

  16. #16

    Default Re: Bounced cheaque

    For your information, issuing cheques that bounce due to insufficient funds, or any technical mistakes, such as figures and dates don't Telly, or wrong dates, etc... Will not land the issuers any trouble and is NOT a illegal or criminal offense.

    It is only an offense if the account was closed, or if it is someone else cheques.
    always the Light, .... always.

  17. #17
    Member
    Join Date
    Dec 2008
    Location
    Singapore, Singapore
    Posts
    392

    Default Re: Bounced cheaque

    Get the seller to issue a cashier order from the bank instead of a cheque

    Quote Originally Posted by White Wolf View Post
    Hi People,

    I am starting a new thread here seeking for help on a bounced cheaque in which my father received when he sold off his car. Subsequent agreed payment has been delayed again and again.

    For your information, they signed the agreement on 31 Dec and till now, payment has not been received. I only got to know the whole matter yesterday and i called the buyer, telling him that if payment is not made today, i will proceed to take action.

    May i ask, can i lodge a police report against the person based on the bounced cheaque and consider this as cheating? If not, any means to take any legal action against the person? Thanks in advance!

    Regards
    WhiteWolf
    5D MKII,1000D,16-35mm f/2.8 L USMII,75-300mm,18-55mm,EF 50mm f/1.8 II,EF 85mm f/1.8 USM

  18. #18
    Senior Member CS TAN's Avatar
    Join Date
    Sep 2007
    Location
    Hong Kong
    Posts
    3,663

    Default Re: Bounced cheaque

    Quote Originally Posted by cqprime View Post
    Get the seller to issue a cashier order from the bank instead of a cheque
    I would have ask for a cashier cheque when dealing with someone unknown and the amount is large. So, yeah, cashier cheque definitely if the first one bounced.
    Canon 5D Mark II | 24-105L | 35L | 85L II | 135L | Samyang 14mm 2.8

  19. #19
    Senior Member edutilos-'s Avatar
    Join Date
    Dec 2010
    Location
    The Universe
    Posts
    5,991

    Default Re: Bounced cheaque

    Hope you get your money.

  20. #20

    Default Re: Bounced cheaque

    Thank you all for all the kind advices.

    I have a hard time contacting him and he sent me the cheaque via a dispatch.
    Dropped the cheaque last night and hopefully it will clear on Monday. Keep you guys posted.

Page 1 of 2 12 LastLast

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •