HMV Not Accepting Vouchers - Surely This Is Fraud

Hotchocolate

OlliesDad wrote: »

Is it really fair that others should lose out though? Should suppliers who continued to provide stock on a credit basis in order to keep them afloat get nothing at all?

Fairness and insolvency's aren't the best of freinds and suppliers are well down the list anyway (unless they have a contract to be a preferential creditor), but they are at least in a position to be able to judge the position of a company by any breaches of credit terms or late payments. Gift voucher buyers are entering into a transaction with trust, they do so with the belief the company will be around to honour the loan.

If a company sells a gift voucher knowing there is a possibility they will be unable to honour the contract they are in reality obtaining funds by deception.

Staff should of course come first as these are the ones who suffer the most and by staff I don't mean directors who where aware of the situation have a nice little payout to fall back on such as a Christmas bonus already paid out.

Ich_2

Is there any difference, though, between those who hold gift cards and others who have paid for goods that they will never receive?
In the case of Jessops there were folk who may have lost out 4 figure sums! Are they to lose out where those with gift cards win?

Wicked_witch

Well what's better, some customers winning or none of them?

Wicked_witch

Hotchocolate wrote: »

Staff should of course come first as these are the ones who suffer the most and by staff I don't mean directors who where aware of the situation have a nice little payout to fall back on such as a Christmas bonus already paid out.

This.

Perhaps companies of all sizes should be putting money aside to ensure that their staff can be fairly paid off in the event of bankruptcy? I'd say this was a viable option as far as legislation changes go.

wealdroam

Wicked_witch wrote: »

Well what's better, some customers winning or none of them?

What's better is all customers being treated equally.

Dave101t

you think this is fraud? good job your fingers not on the button.

cruz99

Spent my £20 vouchers. Took me ages because there was nothing I really really wanted

railbuff

cruz99 wrote: »

Spent my £20 vouchers. Took me ages because there was nothing I really really wanted

most likely due to administration they have never recieved any fresh stock, but at least you have spent them.