IQ Consultants, Felicitas Solutions, ECS Trustees - loan repayment demands

[BrilloPad]

Exactly my point. I am merely an interested bystander. But now I see this unfolding, I am totally baffled how the trustees can act like this. It seems to me totally against the role of the trustee with respect to the trust beneficiaries. I don't understand how the trustees can transfer loans from a trust to essentially commercial debt collectors without breaking trust deeds. If a big name in finance like Baker Tilley really is involved, it baffles me even more. I am sure webberg has his reasons for not explaining this, but it stumps me completely.

An easy one! Because it is a scam. All they want is low hanging fruit. So I will repeat, ignore. If you worry, then get an adviser.

Others, including webberg, suggest you should get an adviser now. They could well be right.

Take the advice you want to hear.

[Fred Bloggs]

An easy one! Because it is a scam. All they want is low hanging fruit. So I will repeat, ignore. If you worry, then get an adviser.

Others, including webberg, suggest you should get an adviser now. They could well be right.

Take the advice you want to hear.

BP, to be clear, you are suggesting that the trustees have not in fact transferred or sold the loans to a third party? Thanks.

[BrilloPad]

BP, to be clear, you are suggesting that the trustees have not in fact transferred or sold the loans to a third party? Thanks.

Like you, I am a bystander. I have no idea if loans have or have not been sold to a third party. I am sure they have as few morals as HMRC and I would not believe a word they say.

If I was involved, I would get an adviser as I am the nervous type. So I am saying do what I say, not what I would do.

[Fred Bloggs]

Like you, I am a bystander. I have no idea if loans have or have not been sold to a third party. I am sure they have as few morals as HMRC and I would not believe a word they say.

If I was involved, I would get an adviser as I am the nervous type. So I am saying do what I say, not what I would do.

This gets wierder and wierder. Is it not possible to ask the current or last known trustees of the loan whether they have transferred the loan to a third party? I can't understand how a trustee wouldn't have to give a straight answer to such a simple question.

[BrilloPad]

This gets wierder and wierder. Is it not possible to ask the current or last known trustees of the loan whether they have transferred the loan to a third party? I can't understand how a trustee wouldn't have to give a straight answer to such a simple question.

I have seen a response from one trustee elsewhere. The amount of nonsense they spout is unbelievable. ...

[Yasha]

Felicitas sent me a link of evidence today

Matt, I am having trouble finding a solicitor who is clued up on this area if after speaking to Freeths you feel they are knowledgeable and can help in this area then please let us know as I too will then instruct them to reply.

thanks
TP

I too have been going through this battle with them. Felicitas sent me an email today (at 03:05 AM) with a link to apparent evidence they have. I have not opened the link yet. Please please PLEASE do share details of a specialist firm who can help with this matter. I do hope the HMRC get involved as this is hugely unfair especially since I settled with HMRC years ago. I don’t know whether to even open the link and review this “evidence” they think they have. If anyone does have a recommendation of a law firm let me know. Thank you.

Best wishes,
Y

[Yasha]

Suggest at this stage nothing to fight - no legal basis and seems to be a scam / fishing trip. Just ignore or dispute it. However in the unlikely event that they escalate and we need to engage a solicitor then I’d also be up for join forces and fight it as a group (stronger together!).

Best,

Matt

I would definitely like to join forces if it came to that. I’m going to respond today disputing their “ evidence”.

Thanks again Matt, for all your useful advice.

Best wishes,
Yasha

[webberg]

I too have been going through this battle with them. Felicitas sent me an email today (at 03:05 AM) with a link to apparent evidence they have. I have not opened the link yet. Please please PLEASE do share details of a specialist firm who can help with this matter. I do hope the HMRC get involved as this is hugely unfair especially since I settled with HMRC years ago. I don’t know whether to even open the link and review this “evidence” they think they have. If anyone does have a recommendation of a law firm let me know. Thank you.

Best wishes,
Y

So far as I am aware there are three firms active in this space and trying to help people.

One is us - WTT Consulting - and for non Big Group members, we will help you for a modest fee unless or until this escalates and needs some third party legal intervention.

Another is ETC Tax wh I understand are presently offering an initial response for free.

The last is Freiths who are a law firm. I have no idea if they are charging a fee or not.

There may be others, but the above are the only ones I know of.

[Zander]

Received loan details

Received an e mail last night 14th April at
23.01 which included a portal with details of so called loans some of which did actually tie up with bank statements so they nearly got numbers right.
The last payment was April 2011 so as Felicitas only contacted me on the 14th February 2020 after acquiring details from THL they are actually time barred from recovering as the time limit is 6 years
I have all the payments made from my agent at the time to Halo who acted as Darwin UK partner proving that this was earned by myself.
Got HMRC And letter from parliament describing these as tax avoidance so I have sent all the details to Felicitas this morning as there solicitor mail bounced back and am quite prepared to see them in court should these parasites survive Coronavirus hopefully they all succumb

[webberg]

Received an e mail last night 14th April at
23.01 which included a portal with details of so called loans some of which did actually tie up with bank statements so they nearly got numbers right.
The last payment was April 2011 so as Felicitas only contacted me on the 14th February 2020 after acquiring details from THL incorrect. Felicitas may have connections with THL - if they have they are not known to me - but they got details of the loans from the trustees - they are actually time barred from recovering as the time limit is 6 years - incorrect. The time period for statute barring starts when a claim is made, not from the time the last payment was made.
I have all the payments made from my agent at the time to Halo who acted as Darwin UK partner proving that this was earned by myself. One of the tests for whether something is "earnings" is whether tax has been paid on it. That will give it the character of earnings for TAX PURPOSES. That test though cannot and does not impact whether the CONTRACT you signed created rights and obligations outside tax law. There is no or very little read across from tax law into anything else.
Got HMRC And letter from parliament describing these as tax avoidance so I have sent all the details to Felicitas this morning as there solicitor mail bounced back and am quite prepared to see them in court should these parasites survive Coronavirus hopefully they all succumb

See above please.

Whilst there is a tendency in this crisis to read everything but believe only what suits you, it's not helped when this sort of post is made.

For all I know Mr Zander, you are a qualified legal specialist in this area in which case i would be delighted to eat humble pie and retract my cautionary words.

If you are such an expert, please make it known.

Otherwise, i suggest (again) that people coming to this forum get maximum value from posts which have a basis in fact or legal analysis or tax analysis and which are not desirable but unreliable speculation.