lets hope they fulfill their committments for current orders that have been placed and paid for by wedding guest.
Looks like it is not a good idea in this current climate to buy anything that you have to pay for in full up-front.
looks like the country is siezing up!
some not very good stories in link about newly weds still waiting a year down the line for presents
quote:
Guests that have paid by credit card, Amex or Visa debit card will be able to claim a full refund, the company asserted. Apacs, the UK's payments association, said that customers who had paid over £100 on a credit card were covered. Those who had used a debit card or spent less than £100 on a credit card were not automatically covered, Apacs said, but some card issuers would look at their claims on a case by case basis.
Guests at the wedding of Alex Black and his wife had ordered £2,000 worth of gifts from Wrapit. However, since the wedding on 5 April Mr Black says he has only received around £400 worth of presents.
combined it can come to a fair sum, I value money, and for those especially who had to work a hard labouring hour for £30, or less, it is not acceptable to me to be dismissive of that £30 frying pan. If I have paid £30 for something and I don't get the goods it bothers me big time but as I say I'm not dismissive of the money because I know where that attitudes gets you, look at the UK govenments bet they wish they had been a bit more conscientious when raking in the tax payer contributions
as for the couples they have lost something, the gifts, they cannot ask guest to fork out the monies again.
quote:
Guests at the wedding of Alex Black and his wife had ordered £2,000 worth of gifts from Wrapit.
However, since the wedding on 5 April Mr Black says he has only received around £400 worth of presents.
Customers affected by the collapse of Wrapit, the failed online wedding-list service, are unlikely to get any money back from the business, the administrators said yesterday.
Nearly 3,000 couples were left without presents when Wrapit collapsed earlier this month with estimated debts of more than £3 million.
ADMINISTRATORS for the failed wedding-list company Wrapit are investigating whether the group was trading insolvently before it went under last week.
KPMG, the accountancy firm carrying out the administration, will determine the group’s liquidity position in its investigation. Details will be sent to creditors within eight weeks
There was similar controversy with Farepak a year or so ago. Their customer base tended to be the less well off who put by a little money each week to reserve a Christmas hamper.
Money upfront companies are always dodgy in my view, and they always seem to target the poor.
The moral seems to be: pay by credit card if you want to stand any chance of getting your money back.
These brides whinging about going without some freebies are not in the same league as Farepak customers.
The language you use vbland seems very hostile to the customers does it matter if they paid or if their guest paid for the goods, the fact is millions of pounds were spent with this company in good faith, these people will not see anything for the money, mainly they are very embarassed, disappointed for their friends and relatives who have spent millons with this company recommended by the couples involved.
I watched on news reports outside a hearing meeting, the smooth talking well dressed CEO with his golden tan, looked like he just got back from his hols, anyway he blamed the banks his disappointment came a cross as a sham, I wonder what the CEO took out of the company before it went down what were his dividend payments last year?
quote:
Under wrongful trading legislation in the UK, if the company continues to trade while it is insolvent the directors of the company may become personally liable to contribute to the company's assets and help meet the deficit to unsecured creditors if the company's financial position is made worse by the directors continuing to trade instead of putting the company immediately into liquidation.
It invcolved people spending money to meet their own basic needs - often large sums.
farepak was exactly the same. It involved people (often on low incomes) paying money in advance for a treat (a hamper) at Christmas.
Wrapit involves people paying in advance for wedding presents.
In both cases money is paid upfront, and now it seems people will lose it. That doesn't seem very fair or proper to me, and I can't understand why you think it doesn't matter simply because Christmas hampers and wedding presents are involved.
But perhaps you have a more cavalier attitude to money than the rest of us!
C4 Forums 
. Stuff that people have generously given her. She's not lost her own money.
his disappointment came a cross as a sham, I wonder what the CEO took out of the company before it went down what were his dividend payments last year? 
