Cash Advance Probate

Insolvency Service investigation

Mediation Services Union ("EU"), based in Kidderminster, and certification Solutions Worldwide wills and trusts ("Approval"), which traded from premises in Lincoln, were both found in the High Court after an investigation by the Insolvency Service.

The two companies were in common ownership. "European" was a claims management company created to pursue claims under the 1974 Act on Consumer Credit, on behalf of people who were incorrectly sold timeshare or property in Spain.

Its business later expanded to include other forms of recovery under the Act.In return, "European" were given either a fixed payment in advance or a commission based on success.

Although the director of the company to "European" failed to cooperate fully with investigations of the company team or deliver all of its trading records, it was determined that "European" failed to report recoveries on behalf of his clients, failed to keep adequate business records, making it impossible to fully account for the receipt and payment of nearly £ 500,000 and failed to declare bankruptcy.

In addition, during the investigation, the Director caused "European" to cease operations without taking any action to settle his affairs.

"Certification" was the second company liquidated. It was sold a franchise opportunity style inviting people to learn how to take instructions from the legal members of the public to prepare a range of legal products, including wills and proxy.

The investigation revealed that the model "Approval of" business was very similar to that of other companies already investigated and liquidation in the public interest in 2007 and 2008.

Also states that "approval" had adopted many practices of the Court had already found objectionable.

In particular, as misleading and inaccurate statements were made to prospective franchisees during the recruitment process, particularly in relation to the potential benefits.

The investigation revealed that the Insolvency Service "certification" has failed to keep accurate accounting records and as a result receipts and payments could not be taken into account, failed to establish accounts as required by law and that was abandoned by the director during the investigation.