KencoPlenco
Well-Known Forumite
anybody here in the forum a lawyer that can help me? i'm seeking some advice
I got a letter through the post regarding a company that i have invested some money with a few years ago, now they have been shut down by the legal financial authorities and had their trading license agreement taken away from them.
and that i am owed a lot of money.
the letter states that as my money in kept in a escrow payment system (which the company has been using for all their trades) I would have to pay out £1000 to release the money from the escrow account and wait for 7 working days for the £1000 to be paid back to me.
now i just want to know is if this is a standard way of doing things? cuase surly they can just take my money out for me and they take their cut for their services :/
any help with this would be great.
I got a letter through the post regarding a company that i have invested some money with a few years ago, now they have been shut down by the legal financial authorities and had their trading license agreement taken away from them.
and that i am owed a lot of money.
the letter states that as my money in kept in a escrow payment system (which the company has been using for all their trades) I would have to pay out £1000 to release the money from the escrow account and wait for 7 working days for the £1000 to be paid back to me.
now i just want to know is if this is a standard way of doing things? cuase surly they can just take my money out for me and they take their cut for their services :/
any help with this would be great.