DCM Nottingham / DCM Money Solutions in administration?

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---> Arrest after Somerset debt firm goes bust

A 42-year-old man has been arrested after a Somerset-based debt management company went bust leaving its clients owed about £600,000.

More than 80 people had given the money to DebtDr so it could arrange full and final settlements with their creditors.

Avon and Somerset Constabulary said a man was arrested on suspicion of fraud and has been released on bail.

The arrest follows an investigation into the company by BBC current affairs programme Inside Out West.

DebtDr, based in South Petherton, was the trading name of Hermes Financial Solutions Ltd, which ceased trading in April.

For a fee, the company helped clients to pay off their creditors and, in many cases, took a lump sum from them to offer as a full and final settlement of their debts.

In many cases, clients borrowed the money to give to DebtDr to use in its negotiations with creditors.

Hermes Financial Solutions was wound up in July of this year and a liquidator appointed.

maggiesaes

Well they've got one of them then:j

Of course he's on bail so I wonder if he'll disappear into the ether.

mikewjones_from_wales

maggiesaes wrote: »

Well they've got one of them then:j

Of course he's on bail so I wonder if he'll disappear into the ether.

Thats great news for clients of the debt doctor, but when are we going to get some on DCM i wonder. £600,000 went missing from debt doctor and an estimated £6.2million gone from DCM. yet no action up to now, loads of publicity about dcm.

maggiesaes

We seem to have been forgotten-not a peep from anyone.

mikewjones_from_wales

maggiesaes wrote: »

We seem to have been forgotten-not a peep from anyone.

they are hoping that we will forget.

umm dont really know me do they.

Still got lots more planned.

Cant wait for the next show. Those affected by DCM will know what i mean.

Should be fun dont you think

maggiesaes

When is it on Mike???

mikewjones_from_wales

maggiesaes wrote: »

When is it on Mike???

Havent got an exact date but i will let you know when i do

mikewjones_from_wales

So what you all think of the latest report.

When working out the average that each person has lost based on the amount of claims they have recieved the figure still £6.2 million.

We have a liquidator, so whens the police going to get involved i wonder

maggiesaes

mikewjones_from_wales wrote: »

So what you all think of the latest report.

When working out the average that each person has lost based on the amount of claims they have recieved the figure still £6.2 million.

We have a liquidator, so whens the police going to get involved i wonder

Well it's not exactly news is it?
Blimey this has been going on for almost a year now and where are we?
Nowhere still but SOMEONE will have been paid for all the 'work' they've done supposedly on our behalf.

Seems as though they are dead set on giving these crooks as much time as possible to disappear.
We are realistic to know that we have been well and truly stuffed and chances of getting any money back are virually zero but that DOESN'T meand we don't want to see justice done-we deserve it.

mikewjones_from_wales

i need some people to come forward to appear on camera for a well know tv show. Any takers.

Shaney and I will be there but they need some more.

PM me if your interested