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Alpari.co.uk Discussion

  • #3,901
  • Feb 7, 2015 2:30pm Feb 7, 2015 2:30pm
Quoting jizzyjay
{quote} Exactly. Negative accounts have no money in the segregated accounts so will be left with KPMG to be sold to the highest bidder.
myfxbook: neoxis
  • #3,902
  • Feb 7, 2015 2:37pm Feb 7, 2015 2:37pm
petition to KPMG. just signed. dunno if this'll work but cant hurt.
http://leaprate.com/2015/02/alpari-u...-client-funds/
  • #3,903
  • Feb 7, 2015 2:40pm Feb 7, 2015 2:40pm
And anyway they have to sell our clients asset cause is the only thing than has worth in the society and kpmg wanna make some milions for them and for fix some society debt with citibank etc. They MUST TO DO THIS FOR EARN AND FOR COVER DEBT IT'S IN THEIR INTEREST NOT JUST IN US! So it's clear they will do it.. Leaprate said that too.
myfxbook: neoxis
  • #3,904
  • Feb 7, 2015 3:01pm Feb 7, 2015 3:01pm
Quoting neoxis
{quote} It's just a dream and really risk take back someone than have -5000 in his accounts and anyway depends...if you are under 0 balance or you still have something with some losses is totally different. Positive are still there with full money so nothing change and no risk to ask back money from negative users. Like jizzy said probably who has debt with alpari so has less than 0 balance they will report them to 0 and sell the debt to collectors. In both ways it's ok for me. The most important thing is to sell this client list. It obviuos is...
And how they request debt to guys outside UK? I think this is more complicate than send emails. It's evident nobody will pay something to broker don't exists. If trader have debt with alpari only they can request debt.And news said they have insolvency with LP, not bankruptcy. Then i think alpari owner prefer close than lose 50M and alpari have debt problem, not traders.
Try don't lose pants never...
  • #3,905
  • Feb 7, 2015 3:19pm Feb 7, 2015 3:19pm
Quoting braintheboss
{quote} And how they request debt to guys outside UK? I think this is more complicate than send emails. It's evident nobody will pay something to broker don't exists. If trader have debt with alpari only they can request debt.And news said they have insolvency with LP, not bankruptcy. Then i think alpari owner prefer close than lose 50M and alpari have debt problem, not traders.
Some EU countries and some countries outside the European Union have a reciprocal agreement with the UK which would allow a debt built up in the UK to be enforced in another country. Local laws need to be checked to confirm this.
Google international debt recovery.
There are debt collection agencies with offices all over the world.
KPMG are high court officers and also have offices all over the world so have all the tools needed to enforce debts globally.
  • #3,906
  • Feb 7, 2015 3:35pm Feb 7, 2015 3:35pm
Quoting jizzyjay
{quote} Some EU countries and some countries outside the European Union have a reciprocal agreement with the UK which would allow a debt built up in the UK to be enforced in another country. Local laws need to be checked to confirm this. Google international debt recovery. There are debt collection agencies with offices all over the world. KPMG are high court officers and also have offices all over the world so have all the tools needed to enforce debts globally.
Then finally traders debts will be like local bank debts, don't you? You only will have debts in your country...
Try don't lose pants never...
  • #3,907
  • Feb 7, 2015 3:47pm Feb 7, 2015 3:47pm
Quoting braintheboss
{quote} Then finally traders debts will be like local bank debts, don't you? You only will have debts in your country...
Im not sure I understand totally but I would think KPMG can sell the debt to any enforcement agency they like. So if a client is in another country they can sell the debt to an enforcement agency that can collect from that country.
Once the debt is sold it is no longer the property of Alpari and will become enforceable under the buyers resident laws.
So if I understand you correctly then yes it would become something like a local bank debt.
Local laws need to be checked to confirm this though.
  • #3,908
  • Feb 7, 2015 4:00pm Feb 7, 2015 4:00pm
Quoting braintheboss
{quote} Then finally traders debts will be like local bank debts, don't you? You only will have debts in your country...
No escape man...is useless what you are saying...KPMG is already said every trader must to pay their debt with alpari and kpmg has subsidiaries in every part of the world even in lebanon even in africa...so no escape.
myfxbook: neoxis
  • #3,909
  • Feb 7, 2015 4:09pm Feb 7, 2015 4:09pm
We will see... But people with thousands of debt will have nightmares if they can force pay of debts. I only have 48€ debt. Maybe i should buy ticket to Mars xD.
PS: i will not pay even if they try recover debt.
Try don't lose pants never...
  • #3,910
  • Feb 7, 2015 4:13pm Feb 7, 2015 4:13pm
Quoting braintheboss
We will see... But people with thousands of debt will have nightmares if they can force pay of debts. I only have 48€ debt. Maybe i should buy ticket to Mars xD. PS: i will not pay even if they try recover debt.
Dont worry,no-one is coming for the debt.People are just scaring you.
  • #3,911
  • Feb 7, 2015 4:26pm Feb 7, 2015 4:26pm
Debts are a saleable asset that creditors can benefit from.
The way the administrators work is totally different to the way a solvent company would work.
I would think that a 48 euro debt is not worth their time and effort enforcing though.
As soon as the administrators got involved the game changed.
  • #3,912
  • Feb 7, 2015 4:39pm Feb 7, 2015 4:39pm
Quoting jizzyjay
Debts are a saleable asset that creditors can benefit from. The way the administrators work is totally different to the way a solvent company would work. I would think that a 48 euro debt is not worth their time and effort enforcing though. As soon as the administrators got involved the game changed.
I hope so and I hope traders with big losses will can resolve it too. I wouldn't like be in that side never...
Try don't lose pants never...
  • #3,913
  • Feb 7, 2015 4:49pm Feb 7, 2015 4:49pm
Quoting braintheboss
{quote} I hope so and I hope traders with big losses will can resolve it too. I wouldn't like be in that side never...
Im with you on that one.
What a mess this whole situation is.
  • #3,914
  • Feb 7, 2015 5:26pm Feb 7, 2015 5:26pm
Quoting neoxis
{quote} No escape man...is useless what you are saying...KPMG is already said every trader must to pay their debt with alpari and kpmg has subsidiaries in every part of the world even in lebanon even in africa...so no escape.
They will come after anyone who has fixed assets.

Asw
  • #3,915
  • Feb 7, 2015 7:58pm Feb 7, 2015 7:58pm
Don't forget to sign the petition on leaprate.com:


http://leaprate.com/2015/02/alpari-u...-client-funds/
  • #3,916
  • Feb 8, 2015 2:20am Feb 8, 2015 2:20am
Quoting neoxis
{quote} No escape man...is useless what you are saying...KPMG is already said every trader must to pay their debt with alpari and kpmg has subsidiaries in every part of the world even in lebanon even in africa...so no escape.
Nobody owns money to KPMG, they are just people that are trying to "minimize" everybody damage and get shit load of money through fees for doing that. regarding the debt selling, even though they are hired by the court they cannot just sell the debt to somebody and that's it. They have to contact people first, give all the details of the debt, and offer repayment. After that if you ignored them they could probably sell it. But if you don't think the amount is ok, you can make a complaint and it goes to the court (in this case the court is in the country of residence of the debt owner). After they win the case, and you still don't pay they can sell the debt to the agency.

It is not like, OK, we think you have to pay this much, if not, we will send somebody who will break your fingers.

And that is way everybody else just forgave negative balance and moved on. Not because they likt to lose money, but they know it is almost impossible to collect it.
  • #3,917
  • Feb 8, 2015 4:43am Feb 8, 2015 4:43am
...We also understand that KPMG plans to sell Alpari UK’s client list to the highest bidder – although any purchaser would not be acquiring the clients directly. Alpari UK clients will have the option of getting their money back, or having their account transferred to the client list acquirer.

Interesting.....
  • #3,918
  • Feb 8, 2015 4:45am Feb 8, 2015 4:45am
http://leaprate.com/2015/02/alpari-u...fo-memorandum/
  • #3,919
  • Feb 8, 2015 4:59am Feb 8, 2015 4:59am
Quoting circochas
http://leaprate.com/2015/02/alpari-u...fo-memorandum/
ok my friend, thank you, but it was already posted 44 hours back
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and
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  • #3,920
  • Feb 8, 2015 5:21am Feb 8, 2015 5:21am
I think leaprate is only counting your emails guys for newsletter
Kpmg on the right track and already we are on the half way
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