News0 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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No best answer has yet been selected by lakey100. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.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.