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Bankrupt Claims Management company

Hi.
The claims management company i was using went bankrupt and some time after that I was awarded a sum from the bank. I then started receiving letters from another CMC saying they had taken over the business and I now owed them the fee. When I questioned this  they said they had the signed document from the previous CMC. My question is: Do I have to pay this new CMC?.

Thank you

Comments

  • If they have taken over the business, yes.
  • dunstonh
    dunstonh Posts: 119,885 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    edited 15 March 2021 at 11:21AM
    Bankruptcy is not normally a term used to describe a company failure.    Did you mean something different to that?   For example, if it went into administration then the administrator would look to obtain value from its assets or see if it can be sold on as a going concern.    So, another company coming in is quite normal.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
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