FCA Requirement Notice: Debt and Claims Limited / GrassRoots Financial – Financial Co

[Amethyst]

Re: FCA Requirement Notice: Debt and Claims Limited / GrassRoots Financial – Financia

hmm if they are winding down it's going to be difficult to enforce unless the court really move their arses on it.

Press wise

http://www.thisismoney.co.uk/money/e...-web-lies.html

http://www.theguardian.com/profile/milesbrignall

might be worth a chat with, if you mention Eric, Cartel and the FOS - and also mention about how the court system really isn't geared up to enforce FOS judgments..... could be a nice two pronged story ?

[Naptime80]

Re: FCA Requirement Notice: Debt and Claims Limited / GrassRoots Financial – Financia

If I've done it correctly I've been told it's 5 days to process and then they have 14 days to respond.

It does frustrate me that if the fos hadn't said they'd chase them from the start we could've probably had this in the courts before the fca decision.

[Amethyst]

Re: FCA Requirement Notice: Debt and Claims Limited / GrassRoots Financial – Financia

Exactly, and if the FOS and the Courts had ever bothered to communicate about the enforcement of FOS adjudications you'd have had the warrant weeks ago.

[Naptime80]

Re: FCA Requirement Notice: Debt and Claims Limited / GrassRoots Financial – Financia

We have our court order!! Not sure whether it was because of my extreme bumpf that I sent to the court but we have it.

I'm now trying to find out when I can send the bailiffs in haha

[Amethyst]

Re: FCA Requirement Notice: Debt and Claims Limited / GrassRoots Financial – Financia

Flaming brilliant !!!!

Any chance you can post a copy of it up ( and your application - minus identifying details )

[Naptime80]

Re: FCA Requirement Notice: Debt and Claims Limited / GrassRoots Financial – Financia

Flaming brilliant !!!!

Any chance you can post a copy of it up ( and your application - minus identifying details )

I can try! Though most of it has identifying details. The application isn't a very long form

[Naptime80]

Re: FCA Requirement Notice: Debt and Claims Limited / GrassRoots Financial – Financia

Here is the Court order. It's called an Order for recovery of an award.

The form I used to apply for it was http://www.acas.org.uk/media/pdf/o/f/n322A.pdf

When you go through it it becomes clear as you have to state the FSMA clause and there's a space on it to do that.

The form isn't that difficult. I just sent loads of stuff with it to cover it (reading that article made me think at least if I send it all then they can't say it's wrong).

I posted the form last Thursday and it came back yesterday so the turnover is really quick.

As I said, I'm sure I read somewhere that you have to allow them 14 days to settle or come up with a way of paying and then you can get a warrant.

[Amethyst]

Re: FCA Requirement Notice: Debt and Claims Limited / GrassRoots Financial – Financia

That's what I wanted, it will be very useful if anyone else finds themselves in your position and the court and FOS are completely utterly useless. If they hadn't been so useless you'd be done and dusted by now, rather than in the position that the company is 'winding up'.

[Amethyst]

Re: FCA Requirement Notice: Debt and Claims Limited / GrassRoots Financial – Financia

14 days....

On being granted permission to enforce the award, the order giving that permission must be
served on the respondent who must be informed that it can apply to the court to set aside the
order. The period to do so will be 14 days after service of the order or, if served outside the
jurisdiction of the English Court, then within such period as the court may direct.

[Naptime80]

Re: FCA Requirement Notice: Debt and Claims Limited / GrassRoots Financial – Financia

What does it mean by setting aside the order?

[Amethyst]

Re: FCA Requirement Notice: Debt and Claims Limited / GrassRoots Financial – Financia

It means they send the order to Debt and Claims / Grassroots and they can apply to have it set aside (same way you can apply to set aside a CCJ- ie overturned.)

They don't have a hope though so I wouldn't worry about it.


They aren't wound up yet according to Companies House

Name & Registered Office:
DEBT AND CLAIMS LIMITED
UNIVERSAL SQUARE
DEVONSHIRE STREET NORTH
MANCHESTER
M12 6JH
Company No. 05979001

[Naptime80]

Re: FCA Requirement Notice: Debt and Claims Limited / GrassRoots Financial – Financia

I don't think they are winding up. I'm under the impression that they are just closing their debt management part. When I tried to phone them (ages ago) they had taken all the Debt management options from their phone list thing but still had the PPI stuff.

[Amethyst]

Re: FCA Requirement Notice: Debt and Claims Limited / GrassRoots Financial – Financia

I was just going off of the email from dear Mr Fairweather

Mr Fairweather's response was as follows
Thank you for your e-mail and I am sorry that you find yourself in this position. Unfortunately since the FOS made their decision we have voluntarily surrendered our debt licence to the FCA and sold the book. We are thus no longer writing any new business and our only income is from debtors who pay monies due. There is no money on the account and unless the debtors pay, this position will not change.

I do understand that you now have the right to instigate legal action if you so wish.

[Naptime80]

Re: FCA Requirement Notice: Debt and Claims Limited / GrassRoots Financial – Financia

Possibly. Who knows. Will be interesting if they try to use that excuse with the Court not to pay. Surely without them going into administration they cannot use the excuse of waiting for other people to pay them before they pay us. They must still have assets.

[Amethyst]

Re: FCA Requirement Notice: Debt and Claims Limited / GrassRoots Financial – Financia

Indeed

I do so hope you get to send in bailiffs.