Compass debt company

[Nibbler]

Re: Compass debt company

Yikes! x100

Presumably some of them are in touch with the Mail or other papers? They will pounce on that story in a nano second, given the connections!

[Amethyst]

Re: Compass debt company

Wingco is going to do a write up in the morning

So far it appears there is(was) only £19k in the client account. Around 2000 clients. About £2m missing.

[Nibbler]

Re: Compass debt company

Very sparse details so far of this meeting. Do I have to join facebook under a pseudonym lol?

Or is it like the "there is no money left" note Labour left the Tories in 2010?

[Amethyst]

Re: Compass debt company

Indeed. Seems to have done quite a good job of it too. But hey, maybe I'm cynical as well. Particularly as Bournes liquidators have had £100k plus out of it.

[Nibbler]

Re: Compass debt company

I did wonder where that might have originated, as call me cynical, but sounds very much like what someone with a vested interest in delaying the reporting, or who wants to milk their fees first, might tell creditors.

[Amethyst]

Re: Compass debt company

Of course wait for the full details from those who went to today's meeting, but just thinking, if the client account is empty ( or doesn't exist ) then despite reporting to the police as fraud/theft potentially holding things up, if it's unlikely anyone will get their money back anyway, then reporting to the police may at least get a criminal investigation/prosecution and possibly get any accounts/assets frozen before being distributed to larger creditors and the liquidators ?

[CLS2015]

Re: Compass debt company

Hang fire with theft reports.
Liquidators are investigating and there might be a light at the end of the tunnel

Hang fire for full report.

[EXC]

Re: Compass debt company

Mrkhrrsn[/B];636614]
the very compliant and diligent debt management company I work for

Which is?

[Amethyst]

Re: Compass debt company

Thanks for the update CLS, I guess it was only to be expected ... look forward to hearing more from the meeting later xxxxx

I agree with reporting to police/action fraud although don't expect too much to happen.

Michelle Gilbourne ( Bournes) hasn't been charged with any offence as far as I am aware, and is still a director of other companies. Utter utter total complete failure of the system.

this was Mark Harrison ( director of RMR / Compass ) back in November 2014 on the Bournes thread ( http://legalbeagles.info/forums/show...022#post491022 )

Hi
I am Mark Harrison mentioned above.
i was a director of RMMR associates ltd along with Robert Solloway,Richard Mott and Michelle Gilbourne.
we opened the company some time ago but were uncomfortable with Michelle Gilbourne.
The company never traded and was dormant for years.
We only got around to closing it formally this year.

None of us have any connection in any way with this terrible company or any of its directors.


Hope that clears things up and good luck to you all

Mark

I really dont don't know anymore than you do.
I only found out two days ago that this had happened.
when I googled Bournes and found this thread it made shocking reading and you can imagine I was horrified to be mentioned.

The last contact I had with Michelle Gilbourne was when she was spreading nasty rumours about the very compliant and diligent debt management company I work for.
I rang her and asked her to stop, of course she denied it.
People like this give our industry a bad name and quite frankly I wish I could help more.

Mark

[taff_dragoness]

Re: Compass debt company

So not a good day at the meeting then as you say i think we all had that sinking feeling hey ho. on wards and up we go,

[Nibbler]

Re: Compass debt company

I haven't yet got full info from the creditors meeting, but I am aware that there is no money.
Awaiting full update, but if money has been lost, fraud has been committed.
I would recommend anyone why has lost money to Compass reports this to the police.
Awaiting full details.

Sorry to hear that.

Having seen the merry-go-round before with several other DMP providers, I can't say I'm very surprised though.

[CLS2015]

Re: Compass debt company

Awaiting full report.

[CLS2015]

Re: Compass debt company

I haven't yet got full info from the creditors meeting, but I am aware that there is no money.
Hang fire with any police report. Investigation pending, and there may be a light at the end of the tunnel

[Celestine]

Re: Compass debt company

I am so impressed at the stoicism and resolve of the victims we have encountered so far. Extraordinary. x

[Nibbler]

Re: Compass debt company

You won't have seen this post then. Broke my heart.

Hi all,
i was informed by compass August 2015 that all was settled and did not have to pay compass anymore, this was after a 5 year plan did every thing they said, never missed a payment. So been feeling positive about being debt free for nearly 7 months, having extra money felt a real boost after 5 years of struggle,
then earlier this month started to get letters saying we still had all this debt and compass had seized trading, what I'm finding out is the debt we started of with over 5 years ago we still have,
had over £14000 fourteen thousand in the pot for final settlemen, can't begin to tell you how I fell, i am currently trying to pay these debts again by myself so would like advice if you can.

Grrr........

:rant: