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Gleith
Advanced Contributor

259 Posts

Posted - 06 November 2018 :  07:19:19  Show Profile
I agree with tin soldier. The whole thing has been confusing when I expected some closure some clarity. Fed up of whole situation now.
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Wildchild
Advanced Contributor

164 Posts

Posted - 06 November 2018 :  07:26:11  Show Profile
Wow. Banks seem to be a law to themselves so wrong some banks pay out some keep
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Turbobhoy
Advanced Contributor

85 Posts

Posted - 06 November 2018 :  10:52:32  Show Profile
The letter I received from mond says that the case is working its way through the scottish courts leading to appeal once a final decision has been made which the Supreme Court has said money belongs to debtor the money would either go to trust deed to be distrubution to creditors or paid to myself Supreme Court has made the decision and he's lost his appeal so money should be mines not for him to go down another avenue
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amorphous
Advanced Contributor

124 Posts

Posted - 06 November 2018 :  11:54:49  Show Profile
Turbobhoy, I think all you can do is keep phoning Mond until you can find out his intent.
Btw, is it just Creditfix and other Mond companies that are still holding on to cheques?
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amorphous
Advanced Contributor

124 Posts

Posted - 06 November 2018 :  16:13:20  Show Profile
http://www.shoosmiths.co.uk/client-resources/legal-updates/supreme-court-rules-on-trust-deed-appeal-14755.aspx

Another article on the case, for those interested.
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tinsoldier
Advanced Contributor

730 Posts

Posted - 06 November 2018 :  18:24:25  Show Profile
I think if I had lost three court cases as Mond has Iíd be admitting defeat and paying monies to the rightful recipient.

Maybe he doesnít want to admit defeat though.
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TDA (Debt Adviser)
Trust Deed Expert



12744 Posts

Posted - 06 November 2018 :  18:29:54  Show Profile
Hi tinsoldier.

The elephant in the room being that the Supreme Court didn't seem to think that the person formerly in a trust deed really is the rightful recipient?

I'd be delighted to see this issue go away. I'd be delighted if the people writing here came into a nice sum of money. Think we're going to have to watch and wait for a bit though?

Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds    
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tinsoldier
Advanced Contributor

730 Posts

Posted - 06 November 2018 :  18:34:56  Show Profile
Hi TDA

In the Mond case the judgement is final. Why didnít his legal team address the reduction issue? Guess we will never know.
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TDA (Debt Adviser)
Trust Deed Expert



12744 Posts

Posted - 06 November 2018 :  18:38:03  Show Profile
No idea.

It will be interesting if/when we find out.

Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds    
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tinsoldier
Advanced Contributor

730 Posts

Posted - 06 November 2018 :  18:41:05  Show Profile
Hi TDA

In the Mond case the judgement is final. Why didnít his legal team address the reduction issue? Guess we will never know.
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tinsoldier
Advanced Contributor

730 Posts

Posted - 06 November 2018 :  18:42:40  Show Profile
Oops double post!

Can this go anywhere else legally though?

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amorphous
Advanced Contributor

124 Posts

Posted - 06 November 2018 :  18:47:47  Show Profile
I was wondering the same thing Tinsoldier.
Reduction is a new issue, and would be heard by a new court.
Maybe Mr Mond and his team will want to use other cases, possibly people without the financial and legal power of Dooneen behind them?
If a few cases go before the Court of Session and find in favour of Mond, that would surely set a legal precedent??
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Wildchild
Advanced Contributor

164 Posts

Posted - 06 November 2018 :  19:02:06  Show Profile
So basically former trustee can now keep funds for another couple of years till new court process
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Luke4630
Frequent Contributor

48 Posts

Posted - 06 November 2018 :  21:12:56  Show Profile
We should all put in a collective complaint .

Colin luke
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Luke4630
Frequent Contributor

48 Posts

Posted - 06 November 2018 :  21:16:43  Show Profile
More info . Phoned FCA today they have had a number off phone calls in regards to this and are looking into it . Will Find out in 7 days what the banks position is .

Colin luke
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