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

[Greenjack]

Well, just to add another voice to this unhappy choir, I too received a letter informing me of the transfer of ownership of the *ahem* debt, but not its companion offer of settlement one. I used Sanzar back in 2010 and for less than a year or so, so not the greatest exposure but even still, not inconsequential. I already settled with HMRC years ago, so that’s something. Been going through the contract bumf / P11D from back in the day and can’t find much useful though.

Having read through the thread, I guess I’ll join either the Webberg group or the ETCtax one. Anyone got a preference for one over the other?

I too am confused about how they got my fairly recent contact details though- to date, I’ve not engaged with any of the previous correspondence from The Trust Helpline etc. I actually now live abroad which they don’t seem to know. What would that mean for being chased for (alleged) debt, if it came to it I wonder? And what would it take for their cowboy solicitor firm to chase that alleged debt in the first place - would it have to be validated by a court before they could take action? We’re not anywhere near there yet I know, I’m just wary of ambulance chasing lawyers as I’ve had weary experiences with them in the past. Cheers all.

[DealorNoDeal]

Interesting Blog on my Accountants website:

Spectre And The Payback | Warr & Co Chartered Accountants

Read this over the weekend.

"Finally, if all else fails and legal proceedings are issued, appoint a solicitor and ask him to seek security of costs. The court will almost certainly require a non resident newly formed company to deposit an estimate of your costs in defending the claim with the court. A sum of £100k per claim would not seem unreasonable."

Brilliant!

[TZ46]

Read this over the weekend.

"Finally, if all else fails and legal proceedings are issued, appoint a solicitor and ask him to seek security of costs. The court will almost certainly require a non resident newly formed company to deposit an estimate of your costs in defending the claim with the court. A sum of £100k per claim would not seem unreasonable."

Brilliant!

Hi Excuse my simplicity in this but what does that mean in Lay mens terms?

Thanks

[eek]

Hi Excuse my simplicity in this but what does that mean in Lay mens terms?

Thanks

You may be able to scare them off by asking for the IoM court to insist on Felicitas depositing your costs into an account before the court continues the case.

It doesn't actually mean much - it just shows the level of stakes that this is being played for.

[cojak]

Just to let everyone know, I’ve distilled webberg, iliketax and eek’s advice here

https://www.contractoruk.com/forums/...-nutshell.html

The thread is closed so questions remain here.

[DealorNoDeal]

You may be able to scare them off by asking for the IoM court to insist on Felicitas depositing your costs into an account before the court continues the case.

Would it be an IoM court?

I'm just wondering if the fact that Felicitas are using a mainland firm (Gladstones) to pursue the "debt" means any subsequent legal action would be in the debtor's country of residence ie. the English, Scottish or Welsh courts? That Warr&Co piece seems to imply that when they refer to a "non resident newly formed company".

[eek]

Would it be an IoM court?

I'm just wondering if the fact that Felicitas are using a mainland firm (Gladstones) to pursue the "debt" means any subsequent legal action would be in the debtor's country of residence ie. the English, Scottish or Welsh courts? That Warr&Co piece seems to imply that when they refer to a "non resident newly formed company".

I think this was covered elsewhere.

Gladstone are probably working on a small / no fee basis with a percentage on top for money recovered.
That doesn't work in the IoM where it seems lawyers need to be paid 100% for the work they do...

Where the court case finally ends up is up to Felicitas and what the contracts say - I suspect the first defence approach in all cases would be to argue that they've picked the wrong jurisdiction.

[piebaps]

Would it be an IoM court?

I'm just wondering if the fact that Felicitas are using a mainland firm (Gladstones) to pursue the "debt" means any subsequent legal action would be in the debtor's country of residence ie. the English, Scottish or Welsh courts? That Warr&Co piece seems to imply that when they refer to a "non resident newly formed company".

Eek has it. IOM lawyers are not allowed to operate on a no win/no fee basis so they would want to be paid up front. Here's an IOM lawyer's website which explains the costs position quite well www.injurylawisleofman.com - Manx Law

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[eek]

Eek has it. IOM lawyers are not allowed to operate on a no win/no fee basis so they would want to be paid up front. Here's an IOM lawyer's website which explains the costs position quite well www.injurylawisleofman.com - Manx Law

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Once again, can I suggest you delete the last paragraph - don't give them ideas on a public forum..

[cojak]

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