Hello my name is ***** ***** I will help you with this. Please note that I am a working Solicitor and may be on and offline as I have to attend Court and meet with clients, even at weekends. As such you may not get an instant response when you reply as this is not an ‘on demand’ live service, but rest assured I will be giving your question my immediate attention upon return. There is no need to wait here, you will get an email when I reply.
What is it you want to achieve? Do you know whether the £4000 has been paid to any of your creditors please?
yes in total £650 was paid to my creditors & a lot if fees! have not heard anything from said company & was not advised they were going out of business.
Sadly you could have used a Charity for free called Step Change
Contact them now
They may be able to contact your creditors.
If you had made payment to this Company the creditors may write off that sum
But otherwise sadly all you do is lodge a claim and become an unsecured creditor
But in reality that money has gone
If you want to make a complaint you can do so to Trading Standards
Can I clarify anything for you about this today please?
I am now using a CAB debt advisor, thanks. However she could not explain why these type of companies seem exempt from refunding paid in contributions.Surely even when these types of companies are acting within the law, keeping (stealing) the contributions is not.
Sadly the £ you pay is not protected.
They charge a fee for what Step Change do for free
But your creditors may be sympathetic and write off the sums you paid but they have not received
Does that help?
creditors are still wanting payments. How do they get away with it is my main question. I do realise the money is gone.
Go to Step Change
They can write to the creditors showing the payment to the debt management company
They then may write off the sums you have paid
Or CAB could write for you
But there is no guarantee
If they refuse to write it off you do still owe the £
I am sorry that this may not be the answer you want and certainly not the one I want to give you, but I have a duty to be honest
What benefit will lodging a claim?
Lodge a claim with whom? & Trading Standards will be overrun with these types of complaints.
Yes I am sure they are
You lodge a claim with the Administrator who would be dissolving the Company and selling assets, if any
How do they get away with it legal loopholes??? Thats all l need to know.
Sadly they are regulated by the OFT through Trading Standards.
This show the rise of complaints.
I am sorry but it is a regulatory matter with Trading Standards
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