Bounced cheaque


Aug 19, 2009
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#1
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
 

AMediaLuz

New Member
Dec 3, 2008
160
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0
#4
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.
 

Aug 19, 2009
219
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0
#5
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.

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.
 

yeobt

New Member
May 23, 2007
212
0
0
#6
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.
 

ortega

Moderator
Staff member
Nov 2, 2004
23,694
10
38
Singapore, Singapore, Singapor
#7
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
 

Jun 12, 2008
757
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Jalan Poonpipi
#8
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.
 

Aug 19, 2009
219
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0
#9
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?

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.
 

yeobt

New Member
May 23, 2007
212
0
0
#10
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
 

Nisa

Senior Member
Aug 13, 2004
1,286
0
0
#11
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.
 

zaren

Moderator
Staff member
Oct 27, 2003
10,956
26
48
#12
what is the cheque amount?
 

Aug 19, 2009
219
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0
#13
Latest update, received another cheaque from that person.
Amount: $11K. Hope it will got through this time.
 

yeobt

New Member
May 23, 2007
212
0
0
#14
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. :thumbsup:
 

Dream Merchant

Moderator
Staff member
Jan 11, 2007
9,660
6
38
#15
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:

Canonised

Senior Member
Aug 27, 2003
2,998
4
0
#16
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.
 

cqprime

New Member
Dec 8, 2008
392
0
0
Singapore, Singapore
#17
Get the seller to issue a cashier order from the bank instead of a cheque

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
 

CS TAN

Senior Member
Sep 3, 2007
3,663
0
0
Hong Kong
#18
Get the seller to issue a cashier order from the bank instead of a cheque
:thumbsup: 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.
 

Aug 19, 2009
219
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0
#20
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. :)
 

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