Things about to get very serious and much more real? / Felicitas Letters

[happychap]

Anyone receive the latest Letter from Felicitas ? ref Feliciats win in Court

Its the follow up to the bankrupcy case from before

[LadyPenelope]

Felicitas may have collected more money if they'd done that instead of issuing threatening demands.

That's a good point. It was £200 and £300 respectively, I just wanted to put the whole thing behind me. I realise I was extremely lucky that Felicitas weren't trustees on my scheme and heartily sympathise with people receiving these letters.

[Fred Bloggs]

Felicitas may have collected more money if they'd done that instead of issuing threatening demands.

I think you're probably correct there. But these are not stupid people, they must have considered that before doing what they did.

[Fred Bloggs]

I am glad you have been to get this sorted and this is certainly the option I would pursue too. It appears other are skeptical and everyone has their views to handle this quite frankly confusing and murky situation.

My umbrella has not closed down yet but the writing is on the wall. I’m desperate to sort this out if I can now while they are some what engaging with me. I would be interested in reaching out to your solicitor, could you kindly share them please? I would also appreciate if you could give an indication of how much it cost you (understand if you’d rather not). Happy for you to PM me.

As a new poster, you will have to ask admin or mods for PM access.

[DealorNoDeal]

I did. Not with Felicitas though, I was with ASMG. The trustees (Optimus) and Marra Solution agreed to write off my loans for a fee. Settling does not put you in the frame for IHT with HMRC unless the loans are written off.

Felicitas may have collected more money if they'd done that instead of issuing threatening demands.

[LadyPenelope]

Has anyone on this thread settled and have had to deal with IHT issues?

I did. Not with Felicitas though, I was with ASMG. The trustees (Optimus) and Marra Solution agreed to write off my loans for a fee. Settling does not put you in the frame for IHT with HMRC unless the loans are written off.

A condition of HMRC providing an IHT calculation was that I provided evidence of write off of the loans. So I sent HMRC the letters from the trustees stating confirmation of write-off. HMRC wrote back with an IHT calculation, which I then paid. This was in 2015.

[Whowouldhavethought]

It was a law firm that is more than aware of Felicitas (and definitely not one recommended by them) - They have a deep understanding of the situation and are working with a number of people caught up in this mess, so I'm confident that I'll be covered.

I think there is a running theme on these threads to seek expert advice, which is what i have done.

[Albert49]

I'll be trusting what was written by the legal expert that I'm covered in all eventualities.

Did you engage this 'Legal Expert' ? I would have thought that advice and legal indemnity from a uk specialist lawyer that you engaged yourself would cost thousands of pounds, simply because they would have to take a considerable time investing and understanding the situation , however if it is an indemnity supplied by specilist layer that Felicitas introduced to you I would suspect it it worthless.

[Whowouldhavethought]

I'll be trusting what was written by the legal expert that I'm covered in all eventualities.

[Fred Bloggs]

That's why there was an indemnity in my agreement, written by a specialist lawyer - So no, I wouldn't be paying anyone else

That's an indemnity relating to IoM companies claiming loan ownership rights? So if the next person/company claiming ownership rights is not in the IoM and calls the loans in, the indemnity is useless?