An unusual way of getting money back from a bust agency going under
Many contractors have lost fortunes from a bust agency.
This posted as comments by a reader. UKContractors.org is not recommending this method and only is posting it as an interesting commentary.
Bust Agency in Friendly Administration
I got ripped off by a bust agency going into friendly administration who then transfered their contract assets back to themselves via another company. Attempting to use the law was futile, as you all know.
A Bosnian I knew at the time, told me there are plenty of Bosnian mafia in London. He could, if I wanted, contact them and they would get at least 50% of my money back. I chose not to do this, went through the legal process (such that it is) and got an offer of a paltry 3%. However, I didn’t even get that. I ended up with zero.
Right Moral Choice
So, I had the consolation that I made the correct moral choice.
I had not sent a couple of heavies around to the agency directors for to give them a good solid kicking.
I had stuck within the law.
However, a fat lot of good that did me.
Later, I met a contractor from the Midlands.
He had a similar issue one time, and a West Indian friend of his said he’d get half the money back from the bust agency, and the contractor accepted the offer.
Within a couple of days he recovered 60% of his losses from the bust agency, and he used no physical violence (only the threat of it).
Dose of Their Own Medicine
If I should ever find myself in that situation again, I will not be talking to any lawyers, support groups, or any other namby-pamby free-market loons.
There are better ways to recover debts from charlatans and crooks – give them a small dose of their own medicine.
They’ll pay so quickly you wouldn’t believe it.