Investigating CLC's tricky finances. FRP and M1 Legal
Investigating CLC's tricky finances. FRP and M1 Legal

Press release -

Update for Club La Costa timeshare claimants from official administrators, FRP

Positive developments regarding claims against Club La Costa (CLC)

Club La Costa timeshare claimants recently received an update letter from the official CLC administrators. As readers may be aware, CLC filed for administration and that process is now being handled by world leading accountancy firm FRP.

FRP is the creditors' choice and M1 Legal spent over £100,000 to support and have them appointed, replacing the previous firm BDO.

The claims of hundreds of compensation claimants, have since been officially acknowledged by FRP as creditors in the CLC administration. This is a major milestone for the compensation journey.

Claimants received another boost recently when FRP was granted an extra 12 months to drill down into CLC's complex finances

The other great news for CLC timeshare claimants is that this administration takes place in the UK, thus avoiding the labyrinthine and ponderous Spanish legal system.

M1 legal is co-ordinating to represent claimants best interests with FRP. This involves expending substantial resources, both financial and in terms of work by the M1 lawyers. Even though FRP is managing the administration, the lawyers of M1 Legal are still working at full capacity supporting FRP by providing information concerning CLC assets, as well as maintaining additional actions in the Spanish courts.

We are confident that FRP are perfectly positioned to secure funds for the creditors M1 Legal represent. Their relationship with FRP is excellent and all of the meetings with them have been reported positive and productive.

If you are a Club La Costa owner and have not received an official notification from the administrators or are not sure whether you are eligible to be part of the administration proceedings, feel free to get in touch with our team at European Consumer Claims (ECC) for a free, confidential and informative talk.

Many other European timeshare companies are currently failing as seen here in the Mail On Sunday. If you are members of a struggling resort and unsure how to protect your interests, you are also welcome to get in touch with us.

Related links

Topics

Categories

Regions

ECC provides timeshare claims services, expert advice and help

E: (for media enquiries): mark.jobling@ecc-eu.com

E: (for client enquiries) EUROPE: info@ecc-eu.com  USA: info@europeanconsumerclaims.com

T: EUROPE: +44800 6101 512 / +44 203 6704 616.  USA: 1-8777 962 010

Monday to Friday: UK timings: 9am-8pm. Saturday/Sunday closed.  USA 9am -8pm EST.  Sunday closed

Follow European Consumer Claims on Facebook here

Follow European Consumer Claims on Twitter here

Follow European Consumer Claims on LinkedIn here

Follow European Consumer Claims on Medium here

Follow European Consumer Claims on YouTube here

Follow European Consumer Claims on Newsdesk here

Follow Andrew Cooper (CEO of European Consumer Claims) on Twitter here

Andrew Cooper background article can be read here

Contacts

Mark Jobling

Press contact Communications Director Communication +442039962044 European Consumer Claims

Related media Download images for media use

Money detective.jpg
  • Money detective.jpg
  • License: Media Use
    The content may be downloaded by journalists, bloggers, columnists, creators of public opinion, etc. It can be used and shared in different media channels to convey, narrate, and comment on your press releases, posts, or information, provided that the content is unmodified. The author or creator shall be attributed to the extent and in the manner required by good practice (this means, for example, that photographers should be attributed).
  • File format: .jpg
  • Size: 5760 x 3840, 12 MB
Download
New ECC corporate video pic
  • New ECC corporate video pic
  • License: Media Use
    The content may be downloaded by journalists, bloggers, columnists, creators of public opinion, etc. It can be used and shared in different media channels to convey, narrate, and comment on your press releases, posts, or information, provided that the content is unmodified. The author or creator shall be attributed to the extent and in the manner required by good practice (this means, for example, that photographers should be attributed).
  • File format: .jpg
  • Size: 2048 x 1120, 354 KB
Download
Who are European Consumer Claims?
  • Who are European Consumer Claims?
  • License: Media Use
    The content may be downloaded by journalists, bloggers, columnists, creators of public opinion, etc. It can be used and shared in different media channels to convey, narrate, and comment on your press releases, posts, or information, provided that the content is unmodified. The author or creator shall be attributed to the extent and in the manner required by good practice (this means, for example, that photographers should be attributed).
  • File format: .mp4
  • Length: 1:27
Download
M1 Creditor Letter.pdf
  • M1 Creditor Letter.pdf
  • License: Media Use
    The content may be downloaded by journalists, bloggers, columnists, creators of public opinion, etc. It can be used and shared in different media channels to convey, narrate, and comment on your press releases, posts, or information, provided that the content is unmodified. The author or creator shall be attributed to the extent and in the manner required by good practice (this means, for example, that photographers should be attributed).
  • File format: .pdf
Download

Related content

Holiday cheer for mis-sold Club La Costa members

(VIDEO) Club La Costa claimants joy at extra time granted to administration

Huge sigh of relief from CLC claimants everywhere as extension granted to the accountants drilling down into complicated CLC finances

Andrew Cooper: CEO of European Consumer Claims

European Consumer Claims CEO Andrew Cooper's 2021 review and outlook for 2022

Worldwide changes
From '2 weeks to flatten the curve' in early 2020, the pandemic has seemingly settled in as a permanent, insidious feature of our universe
As we approach 2022, COVID affects every part of our lives. Remote communication and maintaining distance from our family, friends and colleagues has become the norm. Holidays and travel are a risky affair with shocking tales of trav

Grateful: ECC client Trevor Jackson

(VIDEO) ECC client testimonial from Mr T Jackson. Former Elite Club Fuerteventura member

Video testimonial from grateful ECC client Mr T Jackson

Dark shadow over idyllic holiday retreat? Owners claim coup' is forcing them out

Seasons Holidays shocker. Are timeshare bosses profiteering from the pandemic?

Seasons Holidays accused of 'staging coup' to oust devastated members at cherished Northumberland timeshare resort
Track record
Seasons Holidays have made the media several times over alleged poor treatment of timeshare clients. Slaley Hall Lodge owners first began calling out for help in November 2021, over what they explained was Seasons 'pressurising members' into giving up their timesha

Drowning: The European timeshare industry

European timeshare industry struggles to stay afloat following Barclay’s loan scandal

Timeshare industry in Europe struggling to stay afloat following multiple losses

More glowing media for the 'Erin Brockovich of timeshare' Adriana Stoyanova

(VIDEO) Telegraph Money praises Adriana Stoyanova victory over Barclays

Telegraph Money reporter Harry Brennan praises Adriana Stoyanova victory over Barclays Partner Finance, while reporting on slow payouts in other cases

Swallowed up. But what does the future hold for existing Diamond owners? Swallowed up. But what does the future hold for existing Diamond owners?

(VIDEO) What does the Hilton takeover mean for former Diamond Resorts owners?

Diamond owners relegated to second tier citizens following takeover by Hilton Grand Vacations?

Emotional. Testimony from grateful client Charles Rebbeck

(VIDEO) testimony from Charles Rebbeck. Adriana Stoyanova client. Former Azure owner

Real world effects on clients' lives of escaping from mis-sold timeshares

"Thank you": Charles Rebbeck with his daughters

Grateful client's emotional review of Adriana Stoyanova after being freed from Barclays timeshare loan

Heart-warming review for the "Erin Brockovich of timeshare" Adriana Stoyanova

Richard Hocking. Compensation recipient and freed from Gran Anfi

(VIDEO) ECC Client testimonial from Richard Hocking. Former Anfi owner

ECC client Richard Hocking. Received compensation and freed from Gran Anfi

"Loads a money". CLC reaps benefits from the pandemic

Shameful: Club La Costa exposed over "repugnant" COVID profits

Club La Costa called out over 'capitalising on' COVID misery

Research is smart. But how do you tell fact from fiction?

(VIDEO) Clarification on false allegations against ECC by fraudulent 'competitors'

Fraudulent 'competitors' are cold calling clients of not only ECC, but other reputable firms as well. We took some of those allegations and addressed them in this video

Experience credibility and capability. A rare combination in the timeshare claims field

(VIDEO) Why do timeshare claims firms charge their fees upfront?

Why can't timeshare claims firms accept cases on a no-win-no-fee basis? Why do they fees in advance?

Timeshare claims. Are they really worth the effort?

(VIDEO) Are timeshare claims worth doing?

Timeshare compensation claims sound like a great way to be free of an expensive, restrictive membership, with a nice financial award into the bargain. But is it worth the expense and effort?

Research is smart. But how do you tell fact from fiction?

Libel/slander alert: Clarification on false accusations made by unscrupulous "competitors"

Slander/libel warning. Recent unprofessional behaviour exposed by criminals targeting reputable claims firms

Experience credibility and capability. A rare combination in the timeshare claims field

Why do timeshare claims firms charge fees in advance?

Why timeshare claims firms charge fees up front

Professionals: The ECC team are currently handling a portfolio of over a hundred million pounds in timeshare claims

Timeshare claims. Is the reward worth the effort, money and time?

Timeshare compensation claims. Are they worth the risk?

Legal work to secure a result

Club La Costa UK PLC administration transitions into liquidation process

Comment on the end of the FRP administration of Club La Costa UK PLC, and beginning of the liquidation

Investigating CLC's tricky finances. FRP and M1 Legal

(VIDEO) Update for Club La Costa timeshare claimants from the official administrators

Updates for CLC owners claiming compensation against their resort.

American Consumer Claims (ACC): Bringing 6 years of ECC success to bear against rogue operators in the United States

ECC's expansion to the USA sends shockwaves throughout timeshare related industries

European Consumer Claims expands into USA after routing European timeshare rogue operators

Following the money. Former ANFI clients accuse the company of "manoeuvring to evade payment"

ANFI: Is Europe's biggest timeshare resort criminally hiding assets to avoid payouts?

Criminal accusations against Europe's most successful timeshare company

Calls for Timeshare cheerleaders, RDO and KwikChex to break their silence on industry chaos

Timeshare industry publicity machine under fire as "betrayed" members fear for future

Timeshare publicity machine silent after major resorts collapse

Martin & Perez: One of many fake law firms targeting previous victims

Timeshare fraud victims callously re-targeted by new criminal organisations

Vulnerable timeshare fraud victims deliberately retargeted as "easy marks"

What is the future for Club La Costa members?

Club la Costa Members' anxiety as Spanish CLC companies file for bankruptcy

More uncertainty for Club La Costa members

£120,000 view. From Neil and Kim Bacon's penthouse balcony at Azure's Golden Sands resort

£120k timeshare nightmare leaves Bristol couple facing debt ridden retirement

Timeshare journey into £120k of debt and ruined retirement plans

Club la Costa Members' anxiety as Spanish CLC companies file for bankruptcy

(Video) Is Club La Costa finished?

Club la Costa Members' anxiety as Spanish CLC companies file for bankruptcy

How PPI refunds led to timeshare compensation claims

(Video) How PPI refunds led to timeshare compensation claims

How PPI refund claims paved the way for the current timeshare compensation payouts

ECC claims firm. Bottom left: Andrew Rees, former ANFI owner, and ECC client. Right: ANFI Beach Club.

Interview. One man's timeshare claim journey

Interview with an ANFI timeshare claims recipient.

Leading timeshare claims firm targets £billions in refunds over "unfair" 2020s maintenance fees

(Video) Refunds for unfair timeshare maintenance fees during the pandemic

Leading timeshare claims firm targets £billions in refunds over "unfair" 2020s maintenance fees

KwikChex. Funded by the timeshare industry

(VIDEO) KwikChex: Compromised by timeshare industry funding?

Consumer association KwikChex challenged over financial reliance on the timeshare industry

Video. Spanish timeshare compensation claims explained

Spanish timeshare compensation claims explained (video)

Timeshare owners regularly receive calls from companies saying they are entitled to a hefty compensation payout. The caller wants to help, but for a fee. What's the real story? Industry expert Jack Dawson sheds some light:

Not wanted. Estate beneficiaries keen to avoid costly timeshare inheritance

Can I refuse to inherit a USA timeshare?

Can you legally refuse a timeshare that has been willed to you?

Timeshare: Not easy to escape...

Escaping unwanted timeshare memberships

Can I escape an unwanted timeshare membership?

Spanish timeshare compensation. Is it real, or just a scam?

Can timeshare owners in Spain really claim compensation?

Are timeshare compensation claims real or just a scam?

Timeshare clubs available to everyone. No need to pay expensive joining fees

Most timeshare resorts can be booked online without joining

Why be a timeshare member when you can book the same resorts through Booking.com?

Timeshare. Holiday system of the past

Is timeshare a thing of the past?

Timeshare: Holiday sector dinosaurs?

Marriott's Marbella Vacation Club. One of over 4000 timeshare resorts who charged full fees in 2020

2020 timeshare "Maintenance Heist" leaves owners desperate to escape contracts

"Pandemic profiteering" causes mass exodus of timeshare owners

Timeshare Advice Centre is entirely independent of the Timeshare "industry bodies" and the Timeshare resorts/groups that fund them, so we offer genuine, unbiased advice.

Timeshare Advice Centre has its UK Office in Henley-on-Thames, supported by a network of regional offices throughout the UK.

We are a genuinely independent organisation with no connection to the Timeshare "Industry bodies", Resorts, Management Groups, "Resellers" or Exchange networks which benefit (directly or indirectly) from the Timeshare fees that you pay - so the advice and help we offer is genuinely unbiased.

The team at Timeshare Advice Centre have a wealth of experience in all types of timeshare, points and "fractional" schemes and has the legal means of releasing you from unwanted contracts and/or claiming compensation for mis-selling.

Timeshare Advice Centre (TAC)
The Old Boathouse, 26 Thameside,
Henley-on-Thames, Oxfordshire, RG9 2LJ,
UK
European Consumer Claims
Timeshare Lawyer
Timeshare Advice Center
Timeshare Advice Centre US
American Consumer Claims