Farepak pot has £1m in it
A £1m pot of money is still available for victims who lost out after Farepak collapsed nearly seven Christmases ago.
About 114,000 people were told last year they would be able to claim compensation after the Swindon-based festive hamper company closed in 2006.
The Insolvency Service has confirmed that about £1m is still left from £1.03m handed to them by liquidators BDO.
Labour’s prospective parliamentary candidate for South Swindon, Anne Snelgrove, who campaigned for families to receive compensation, urged residents to come forward and claim their money, “We have run a number of campaigns trying to get people to put in their claims,” said Mrs Snelgrove.
“I suspect a lot of people in Swindon don’t want to rake up the past because it was a very painful time and people don’t want to go through that pain again. When the firm went under lots of families were faced with no money to buy presents after they had paid into the Christmas saving scheme. A number of campaigns were launched by different organisations to raise money for families affected.”
When the company closed no money was made available to its creditors.
But liquidators BDO confirmed that a payment of about 32p in every pound would be made in 2012.
This was then added to the 17.5p in the pound given by the Farepak Response Fund charity, set up by the Government in 2006, meaning savers received about half of what they were owed.
“I suspect that those owed large amounts of money – some were owed around £800 – have claimed their money,” said Mrs Snelgrove.
“It is probably the people who were owed a small amount who have not come forward.
“We have been going through some very hard times and it is nearly Christmas again, so I think those people who are still owed money should come forward.”
Creditors who wish to claim can write to The Insolvency Service, Farepak Claims, EAIPS – Farepak, 3rd Floor Cannon House, 18 Priory Queensway, Birmingham B4 6FD.
They can also contact the Insolvency Service on 01216 984338.
This hotline number is available until mid-November, after which they can call 0121 698 4268, or they can email EAIPS.Unclaimed@Insolvency.gsi.gov.uk for further details.
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