TICKET holders for Gosfest are being encouraged to get their refund claims in as soon as possible.
Consumer expert Richard Thomson, who writes the Streetwise column for The News, is advising Gosfest ticket holders not to delay applying for their money back after organiser Eventures International Ltd put out a statement saying it would be issuing refunds.
Mr Thomson said people who had paid up front for tickets were at risk of losing all their money if the company could not pay off its debts and was forced into liquidation.
‘Unfortunately company law puts ticket holders at the bottom of the pile when it comes to settling debts,’ he said.
‘First in line will be the revenue, banks, and liquidators before trade suppliers and the public will even get sight of a penny of their money.
‘Any delay means ticket holders are at grave risk should the company go bust.
‘My advice is to request an immediate refund.’
Mr Thomson added that people who bought tickets with credit cards may be able to obtain refunds from their card provider.
Although he said that protection only starts if the purchase for any single item comes to more than £100.
He also said that debit card payers may not be so lucky, but they should ask their bank to issue a chargeback which must be made within 120 days of purchase to qualify.