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Some terribly sad news about Cobbetts and Incasso


DonkeyB
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“The industry is rotten to the core, whether it is in-house recovery and collection, or where agents are used, or where the debt has been sold.” Andrew Mackinley MP, House of Commons, 22 April 2009

 

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Good Spot DB :lol:

 

Another one bites the dust :lol:

 

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Lot of debt businesses operating around the Leeds area. I thought that area of the country was known as the 'Rhubarb Triangle' and not the 'Lemon Triangle'.

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May I say how moved I am to observe the overwhelming sympathy, extended by the contributors to this thread.

 

Please excuse me, I feel excruciating peals of hysterical laughter about to swamp me.

 

Sam

All of these are on behalf of a friend.. Cabot - [There's no CCA!]

CapQuest - [There's no CCA!]

Barclays - Zinc, [There's no CCA!]

Robinson Way - Written off!

NatWest - Written off!

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Their figures haven't looked good for a while - http://companycheck.co.uk/company/OC314724/COBBETTS-LLP

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Leeds near Manchester, wash your mouth out! Manchester is a great city, Leeds is just full of yorkshire folk :-)

 

As for the demise of a law firm, it isnt the first and won't be the last. You have to remember that they also cover lots of other areas of law and as such many of the partners will have no contact with the DCA side of it. These people stand to lose everything, home, money, savings etc. And all the people who work for them as well, secretaries, paralegals, cleaners, etc etc.

 

Now maybe the demise of wescots or lowells might raise a smile from me ..but not this I fear

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At one time, they has aspirations to be the biggest in the UK.

 

http://linetime.co.uk/incasso-debt-recovery-software/

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End of an era - those happy days suing Nat West, gone forever

Steven

 

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Just as we were saying...

 

http://www.credittoday.co.uk/article/14817/online-news/kpmg-agrees-cobbetts-pre-pack

 

So Cobbetts amazingly manages a rapid ‘pre-pack’ deal. Bet they didn’t see that coming! Oh...

 

Amazingly, only a day earlier, Credit Today had the following story, which they somehow failed to reference:

 

http://www.credittoday.co.uk/article/14810/online-news/insolvency-inquiry-tougher-sanctions-for-prepacks

 

You couldn’t make it up.

“The industry is rotten to the core, whether it is in-house recovery and collection, or where agents are used, or where the debt has been sold.” Andrew Mackinley MP, House of Commons, 22 April 2009

 

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The Incasso part of the Cobbetts business has just been acquired by HL Legal. God help us all.

“The industry is rotten to the core, whether it is in-house recovery and collection, or where agents are used, or where the debt has been sold.” Andrew Mackinley MP, House of Commons, 22 April 2009

 

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Just when things were looking brighter DB:roll:

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I am astonished as well, my friends daughter is training for law and hopefully she will listen to me and not get involved in the nasty side of law, sch as repossessions.

 

I think though that all law students have to do a certain amount of the dirty work for firms before they can get into what they trained to do (unless that was their area they wanted anyway - but I cant imagine it myself).

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I'm always absolutely astonished why any law graduate would want to work for one of these firms. Okay, there is a shortage of jobs, but rather a career change than end up working in debt recovery.

 

They're not called a 'solicitor' for nothing. It's just not an arrestable offence in their line of work. ;)

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Might apply myself, and have a good p*ss inside the tent.

“The industry is rotten to the core, whether it is in-house recovery and collection, or where agents are used, or where the debt has been sold.” Andrew Mackinley MP, House of Commons, 22 April 2009

 

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