Every couple wants their wedding day to go as smoothly as possible. However, wedding suppliers are businesses and like all businesses run the risk of going bust.
What can you do?
Step 1 – Contact details of the insolvency practitioner
Get in touch with your point of contact at the wedding supplier to understand the latest position and whether there is a risk of the company being salvaged.
Check to see if the insolvency has started.
If not, ask your point of contact to provide you with details about the receiver or insolvency practitioner dealing with the matter.
Where the supplier is a limited company – the above information maybe listed on Companies House https://www.gov.uk/government/organisations/companies-house
Where the supplier is a partnership or sole trader, this information maybe published in the insolvency section of the local newspaper or by checking the Individual Insolvency Register.
Step 2 – Submit Your Claim
Once you have the details of the receiver or insolvency company, write to them to register your claim, explaining:
- How much money you are owed
- Proof that you have paid the supplier the amount (a receipt or bank statement should be sufficient)
- What the money was for
It is important to remember that even if you submit a claim, there is no guarantee you will get the money back. After all there is a good chance that the supplier will have many debts that need paying off. Nevertheless, it is always worth putting in the claim as this could result in a percentage of your money being returned.
Step 3 – Claim from your credit card company
If the supplier goes bust and you have paid your supplier using a credit card , it may be possible to contact your credit card issuer for a refund on the amount you spent with the supplier. This is set out in Section 75 of the Consumer Credit Act and the credit card company can assist you with losses you have sustained between £100 and £30,000.
Step 4 – What if you have not paid using a credit card?
If you have paid using a debit card you maybe able to claim through the MasterCard and Visa Chargeback scheme provided it hasn’t been more than 120 days since paying on your debit card and making your claim.
Finally, if you have taken out wedding insurance, this may well assist in recovering any funds that have been lost.
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