Embarassing blunder costs me dear

alex_papworth

I have an embarrassing admission which has cost me approaching £1,000.

I was using the services of an IFA called Perfect Day who went into receivership at the end of 2008.
I had a standing order which I thought was a direct debit and, therefore, didn’t need cancelling.
However, this was a standing order and I have only just realised that it has been operating all this time (shame on me!).

I have contacted the administrator and am waiting for a response to my request for a refund.

I recognise that I would have limited chance of success claiming as a creditor for funds submitted before they went into administration but this situation seems different.

I am surprised the account was still allowed to receive funds and also that I have not been contacted in all this time.
At best, it seems highly unethical for an administrator to accept payment for a service that was not being supplied.

Does anyone know my legal position and chances of success?

BargainGalore

Have you been in touch with your bank to see whether they can cancel this

alex_papworth

I have cancelled the standing order buit I have still lost a considerable sum

adam.mt

Were you notified when the company went into receivership?

If so, then I imagine you will just be on the end of a long list of creditors and thus slim chance. Have you tried contacting the receivers/administrators to see what they say? That would be the logical first port of call.

Any one know the legal standpoint?

unholyangel

alex_papworth wrote: »

I have contacted the administrator and am waiting for a response to my request for a refund.

Does anyone know my legal position and chances of success?

OP already beat you to it

alex_papworth

Still waiting to speak to the receivers - hopefully will speak on Monday.
I am still kicking myself for being so stupid

BargainGalore

I wouldnt hold your breathe getting money back, the customers is the last to get anything back still worth pursuing but dont count on getting anything or much back. Thankfully you have stopped loosing any more money

pelirocco

BargainGalore wrote: »

I wouldnt hold your breathe getting money back, the customers is the last to get anything back still worth pursuing but dont count on getting anything or much back. Thankfully you have stopped loosing any more money

If this money was paid after the company went into receivership , it shouldnt be lost

alex_papworth

pelirocco wrote: »

If this money was paid after the company went into receivership , it shouldnt be lost

This was the case - I hope you're right