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UKSolicitorJA
UKSolicitorJA, Solicitor
Category: Law
Satisfied Customers: 4312
Experience:  English solicitor with over 12 years experience
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I was on a debt management plan for about 5-6 years, the company

Resolved Question:

I was on a debt management plan for about 5-6 years, the company in charge has been declared bankrupt and all the money is lost.
Is there anyway I can get my money back or at least get the creditors paid for my £200/month contribution?
Submitted: 3 years ago.
Category: Law
Expert:  UKSolicitorJA replied 3 years ago.
Hello,
Did you appoint the debt management company or did your creditors appoint the company?
Customer: replied 3 years ago.

I chose that debt management company.

Expert:  UKSolicitorJA replied 3 years ago.
Thank you.

I am afraid as you chose the company, you are responsible for your losses.
It is up to you to try and get your money back from the company.

You should discuss the situation with your creditors to see if they are sympathetic with you and willing to enter into some sort of repayment plan with them, otherwise you are looking at an IVA or bankruptcy as you say.

May I help further?





Customer: replied 3 years ago.

How can i get the money back from the company?

Expert:  UKSolicitorJA replied 3 years ago.
You need to register yourself as a creditor by lodging a proof of debt form.

See here for the process:

https://www.gov.uk/register-creditor-bankruptcy

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