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Wedding venue gone bump-confused!!!
clairebear145
Posts: 10 Forumite
Hi apologies if I am in the wrong place but this is my first post.
I get married on 1st August this year and we had a letter from a Business and Rescue Recovery Firm today telling us that our venue has gone into liquidation and they have sent us some forms to complete 'general and special proxy' and I am at a loss. We paid £500 last much (and luckily no more more as yet).
Would any one be able to advise me about what these forms mean and if anyone has been through this what is the likelihood that we will see any money. So far we had done really well and saved a lot on our rings, bridesmaids dresses and honeymoon which will all be swalloed up now. Grateful for any help.
Thanks
I get married on 1st August this year and we had a letter from a Business and Rescue Recovery Firm today telling us that our venue has gone into liquidation and they have sent us some forms to complete 'general and special proxy' and I am at a loss. We paid £500 last much (and luckily no more more as yet).
Would any one be able to advise me about what these forms mean and if anyone has been through this what is the likelihood that we will see any money. So far we had done really well and saved a lot on our rings, bridesmaids dresses and honeymoon which will all be swalloed up now. Grateful for any help.
Thanks
0
Comments
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must be a worrying time,how did you pay the deposit,card,cash,etc?0
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By cheque so don't think there is anyway of claiming anything back, we are starting to worry about our other about the other things we have put deposits down on now.0
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Basically, a trustee will be assigned. They will then assess assets left in the business and attempt to either find a purchaser or sell off assets.
Any money made from the selling off of assets, or the purchase, will then be used to pay off any creditors (such as yourself). You might get some of your money back if they are successful selling off assets.
However, I would look for another one as even if it is purchased by someone else, you can't guarantee they will honour your booking.
While I was looking around for wedding dress suppliers in 2007, one of the local companies went bust leaving all the brides without their deposits or dresses - even ones that had been completely paid for. That left me feeling really nervous so I know where you are coming from
Although it won't cover you for this loss, I strongly suggest you take out wedding insurance, in this climate, it would be worth it. I think its a one off fee. Marks and Spencer do it. I am sure there are other companies that provide it too, but I have only seen it in M&S. The link for M&S is here.
Thanks to MSE, I am mortgage free!0
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