ChatterBank0 min ago
company gone into liquidation
my son signed up for a course with a company to do an electrician/plumbing course. the company arranged finance for him to pay for the course which he was meant to start paying back later this year.. last night he received an e-mail from them saying they had gone bust and a liquidation practioner will contact him. we have tried contacting the company and their college but just get a recorded message. who is liable for the finance?
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I fear that your son is, probably.
Because he will have signed a finance agreement with a loan provider that is separate from the training provider.
The only hope is either that the loan provider hasn't provided the whole course fees to the defunct company (unlikely I fear) or you can show that the agreement was unfair.
Try Trading Standards on the unfair contract aspect.
Because he will have signed a finance agreement with a loan provider that is separate from the training provider.
The only hope is either that the loan provider hasn't provided the whole course fees to the defunct company (unlikely I fear) or you can show that the agreement was unfair.
Try Trading Standards on the unfair contract aspect.
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