Chady…FCC has entered Creditor’s Voluntary Liquidation, therefore any claim for the retun of fees paid needs to be sent to the FCC’s Insolvency Practitioner. His details are:
Ashok K Bhardwaj
47/49 Green Lane
You will need to send him a completed form 4-25 (Proof of Debt General Form) which sets out the details of how the debt became due (you paid 12 months fees and only received tuition for X months, therefore FCC is indebted to you in the sum (£3,700 / 12 x number of months tuition received for).
Please note that in insolvency proceedings you are deemed an unsecured creditor, therefore you rank 4th on a list of 6 types of creditor that could possibly expect to receive any funds from the liquidation. The Insolvency Practitioner’s (IP) role is to realise the FCC’s assets and satisfy its outstanding debts; however, before considering sums due to unsecured creditors, the IP would have to pay out to secured creditors first (those holding a fixed charge over the assets of the company) in full, before considering the second category, preferential creditors (staff wages etc) who would also have to be paid in full before considering the third category – floating charges (bank over drafts and charges secured against stock, furniture etc) before considering the unsecured creditors (of which you are one of many!). Of course, in paying out to the categories of creditors, say the IP realises enough assets to satisfy the category 1 Secured Creditor interests, any remainder would, if not enough to satisfy the next category in full, be split on a pence per pound basis and be paid as a dividend. It is therefore likely that not even the secured creditors will be paid in full, meaning that the other lower ranking categories of creditors will receive nothing.
What I suggest you do is write to the IP, include the proof of debt form, which then registers your interest in the event that there is a dividend which may be paid to you (this is highly unlikely to be the amount you paid, unfortunately).
You should also contact the UK Border Agency, as in cases such as this, when a college that accepts international students on Visas is closed down, those students must enrol at another accredited college within 60 days or you may be deported. They should be able to assist further and provide you with a list of accredited colleges for you to contact.
This post was submitted by NG.