Anybody do this?

Anybody do this?

Didn't find your answer?

I recently did a CVA where the accountant was owed £5k and an unsecured creditor. Client had switched accountants on this basis.

The accountant then pursued the director under the following PG in the engagement letter "If the company defaults in the settlement of any fees the directors will accept responsibility for discharging those fees."

As far as I'm aware, unless the letter is deemed to be a deed then it's not binding. Nonetheless it worked anyway & he paid up.

Nice little tip for you!

PG on Engagement Letter

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By User deleted
15th Feb 2008 20:49

Thank you - wished I'd used that one in the past.

I have a low life client who did this to me and has now gone elsewhere. I have of course told the new accountant and sincerely hope he will decline the appointment until such time as my fees are paid.

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