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T1(ENT) FUNDS WITHDRAWAL DURING APPEAL, URGENT ADVICE PLEASE

Only for UK Tier 1 (Entrepreneur) points system. This route is now closed to new applicants.

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alihassan
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Posts: 6
Joined: Tue Jul 09, 2013 8:09 am

T1(ENT) FUNDS WITHDRAWAL DURING APPEAL, URGENT ADVICE PLEASE

Post by alihassan » Tue Jul 09, 2013 8:40 am

Hi Every one,
This is my first post on the forum although i have read a lot here and it helped me a long way for my T1 Ent application. I will briefly and quickly ask my question from gurus and fellow members here as this is extremely important regarding my Application. A very Quick time line is :

-Applied as Ent T1 Team in january with funds abroad, 25K each in my account and 25K in partners account.
-All requirements full filled including advertising, marketing, contracts, websites bla bla bla.
- Refused on basis of bank letter as it does not say that funds are available for both of us in our bank letters (A very very common point of refusal)
- Appealed against decision in May and still waiting for a hearing date, a genuine guess is that it would be in October or November this year as per current situation of other applicants hearing dates on forum.
---->> We have MAINTAINED 50K of funds till to date (8th July,2013) as per home office requirements. My partner needs to WITHDRAW HIS FUNDS (25k ) from his account as of some financial difficulties and hence i would be left with only my 25K when we would be going in court after couple of months. My question is
---> " How Safe Is This To Withdraw 25K and then eventually going to court with only 25k of updated bank statement ???
---> Also please advise " What complications we might have when he goes with a zero balance and i go with only 25k in our accounts in front of judge in court room facing home office defendant for refusal. "

PLEASE PLEASE have your genuine say on the risk factors and the result of withdrawing money from account for our appeal. Many many thanks in advance.... Ali :)

alihassan
Newly Registered
Posts: 6
Joined: Tue Jul 09, 2013 8:09 am

Re: T1(ENT) FUNDS WITHDRAWAL DURING APPEAL, URGENT ADVICE PL

Post by alihassan » Tue Jul 09, 2013 1:52 pm

alihassan wrote:Hi Every one,
This is my first post on the forum although i have read a lot here and it helped me a long way for my T1 Ent application. I will briefly and quickly ask my question from gurus and fellow members here as this is extremely important regarding my Application. A very Quick time line is :

-Applied as Ent T1 Team in january with funds abroad, 25K each in my account and 25K in partners account.
-All requirements full filled including advertising, marketing, contracts, websites bla bla bla.
- Refused on basis of bank letter as it does not say that funds are available for both of us in our bank letters (A very very common point of refusal)
- Appealed against decision in May and still waiting for a hearing date, a genuine guess is that it would be in October or November this year as per current situation of other applicants hearing dates on forum.
---->> We have MAINTAINED 50K of funds till to date (8th July,2013) as per home office requirements. My partner needs to WITHDRAW HIS FUNDS (25k ) from his account as of some financial difficulties and hence i would be left with only my 25K when we would be going in court after couple of months. My question is
---> " How Safe Is This To Withdraw 25K and then eventually going to court with only 25k of updated bank statement ???
---> Also please advise " What complications we might have when he goes with a zero balance and i go with only 25k in our accounts in front of judge in court room facing home office defendant for refusal. "

PLEASE PLEASE have your genuine say on the risk factors and the result of withdrawing money from account for our appeal. Many many thanks in advance.... Ali :)
Once again, a very humble request for the gurus/members of the forum to comment on the question plz. Just to make question simple,
----> My team member needs to withdraw his funds from the overseas account he is maintaining his 25K pounds, how and in what way will IT EFFECT OUR APPEAL IN THE APPEAL COURT in november? Means if we go with an updated statement of 25K in appeal hearing, what can be the possible effects of doing this on our application/case. Many thanks. Ali

Darvesh
Member of Standing
Posts: 444
Joined: Wed Feb 27, 2013 11:44 pm
Location: London
United Kingdom

Post by Darvesh » Tue Jul 09, 2013 2:04 pm

im not quite sure about it..however court needs same document which were used for initial application so technically u need statement till ur refusal date.

on the other hand providing an updated bank statement with required access funds will definitely increase ur chances of winning an appeal. or if judge is not convinced or have any doubt that the funds happen to available are ceased now then it may not support a decision in ur favor.

in one of the post here on this forum judge asked HO to make a fresh decision on application, if that will happen to you then HO will ask for an updated bank statement.

so better keep funds in ur account till that time.

alihassan
Newly Registered
Posts: 6
Joined: Tue Jul 09, 2013 8:09 am

Post by alihassan » Wed Jul 10, 2013 9:12 am

Darvesh wrote:im not quite sure about it..however court needs same document which were used for initial application so technically u need statement till ur refusal date.

on the other hand providing an updated bank statement with required access funds will definitely increase ur chances of winning an appeal. or if judge is not convinced or have any doubt that the funds happen to available are ceased now then it may not support a decision in ur favor.

in one of the post here on this forum judge asked HO to make a fresh decision on application, if that will happen to you then HO will ask for an updated bank statement.

so better keep funds in ur account till that time.
@-->Darvesh ---> Many many thanks for your kind reply and effort to shed some light on the issue, it will definitely help us a lot going further, All the very best for your plans as well..
Having this opportunity to hand, i will request other senior members and fellow applicants to have their say on the matter as well, kind Regards :)

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