whats the deal with the farepak hamper bankruptcy?

Question

why are the government and various big companies giving compensation to the customers of a private company?? fair enough its christmas and everything but companies go bankrupt every day. why should farepak customers get special treatment whilst customers of other companies are left on thier own?

discuss....

Answer 1

I absolutely agree with your point. I owe no-one anything. I make my own arrangements for Christmas. I am a Pensioner. I am financially secure. I do not drink and I do not gamble. I am therefore better off as a result. I pay taxes on everything.
I see no reason whatsoever why I, through taxes, should reimburse those who lost money in the venture. Make the company directors and shareholders (if any) liable for the debts. That is the problem with this country, too many hangers-on and do-gooders...... ...............

Answer 2

The thing about the farepak situation is that they were one of a number of companies owned by a much larger parent company who has many other successful businesses and who have left vulnerable and low income customers high and dry for Xmas.Granted that some of the offers from other commercial companies could be seen as a cynical ploy to gain new customers and publicity, as indeed may be RBOS' offer, the bank that pulled the financial rug in the first place. I disagree that this was a "venture" for the customers, may of whom would have used this method of paying for Xmas (some may be on such a low income that even having a bank account may not have been open to them) and i would hope that a spirit of goodwill extends to helping at least these customers out who have lost hard earned money through no fault of their own. I would have preferred some strong-arming of the parent company itself to make a goodwill gesture rather than walk away & leave the good samaritans (& rival opportunists) to help their fellow man.

Answer 3

I basically found out the day gone by (as were away) that farepak had long gone into receivership and burst into tears. What pis**es me off extra is the certainty that i'm constructive they'd have a cool fab yule without no guilt in besides on our bluming money. complete wasucks!!!! I additionally examine in yet another farefak talk board (in this internet site) that somebody had wrote it replaced into basically for council human beings and chaffs properly i'm hoping you examine this IT replaced into no longer. i do no longer stay in a council residing house yet replaced into cited in one and am proud and that i'm no longer a chaf and yet am i to appreciate what one is. good human beings of all training placed monies into this and what from ever type you're from it does not supply farepak the astounding to swindle us. I rang my financial employer to cancel dd and you in no way wager what yet farepak basically took out the final 2 money in one bypass and whilst i attempted to challenged this the financial employer reported that with a dd no one had to be recommended if the quantity replaced into upped or no longer So thatnk you to farepak ......desire you choke on all of us hampers and monies at evryones cost........a completely grieved truthful individual. and you what else grieves me is the certainty that they had almost 170000 clientele, properly a £ amonth would quantity to that yet they won the two £10 - £200 a month which quantities to extensive extensive money with basically approximately 3 hundred paintings rigidity the place the hell has it long gone????

Answer 4

i think its because most of the people who have lost out are on low income or unemployed, thus saving this way to pay for Xmas is the easiest way. and as for the big company's getting involved it good PR. or that just might be the cynic in me

Answer 5

i totally agree with you