Bijal Shah, of Licensed Insolvency Practitioner’s RE 10, has announced a further creditors meeting for the bankrupt TASMAC College, to be held at 11am on 3 November at:
Creditors and students are strongly advised to attend the meeting to find out where over £4 million paid to the college in upfront fees has gone.
At an earlier meeting held on 21 October some 60 students and former members of staff were told that there was ‘no money’ left, but Bijal Shah’s firm were taking around £15,000 in fees.
Tasmac UK Ltd of Tasmac House, 1-3 Valley Drive, Kingsbury, NW9 9NG, went into voluntary liquidation last month after the directors (listed as G Dua, P Dua, S Dua and AK Nair) concluded that the company was ‘unable to pay its debts’.
According to a statement issued to known creditors by RE 10, the company turned over £2.6 million to 31 March 2010.
More than 650 Tasmac students have been left stranded without a college since the University of Wales (UoW) accredited college went bust.
UoW has not made any statement on whether or not they will be offering their students any financial compensation, as the students could argue that the university’s endorsement of the private college was the very reason they were studying at Tasmac.
To make matters worse, following the recent visa changes students renewing visas at alternative private colleges will not be allowed to work or sponsor their dependants.
Bison UK Immigration Adviser Cynthia Barker has given free immigration advice consultations for a number of Tasmac students affected by the closure of their college, many of whom have only recently paid £7500 in fees to the directors of the college.
Many can no longer show the required funds to obtain a new student visa as the college has not given them progress reports and they cannot demonstrate ‘established presence’. She said:
‘Some students have been offered places in colleges suggested by UoW, but they are been asked to show £9000 in funds and start the whole course again and pay the full fees.’
‘Private colleges are being suspended by the UKBA or closing at an alarming rate following several Tier 4 student visa changes this year. Hardly a day goes by without a student calling me to say that their college has closed and the owners disappeared leaving them stranded after paying thousands of pounds in fees.
‘The July 4 student visa changes means that if a non-EU student renews visa with a private college or changes college after 4 July 2011, they will not be able to work or sponsor their dependants.’
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