I have just found out my debt management firm is no longer trading saw this:
RMR Financial Services Ltd, formerly trading as Compass Debt Counsellors, has stopped trading and no longer offers debt management services.
The firm’s interim permission from the FCA, which firms must have if they wish to offer debt management services, lapsed on 8 March 2016. AARBS Ltd (insolvency practitioners) is holding a meeting of the firm’s creditors on 30 March 2016. RMR’s bank accounts have been frozen. This means that the firm will not be requesting direct debits from clients’ accounts and standing order payments will be rejected and returned to customers’ bank accounts.
This is an evolving situation and during the transitional period we would expect creditors that are authorised by us to show forbearance.
The company was holding around £500 of my money will i be able to claim it back what should i do first im clueless and extremely worried