Is the English shop on Wall Street in Beijing empty?

Yes, on August 14, 36Kr reported that on the evening of August 12, the news that Wall Street English, which focuses on adult English training, was about to go bankrupt spread, which surprised many consumers who were still in the course. A Wall Street English teaching school in Dawang Road, Beijing is closed, but some students come to consult about the refund.

It is understood that these students came here after seeing the news. The tuition fees they paid ranged from 1000 yuan to 800,000 yuan, and many of them paid their tuition fees through loans. Students with Wall Street English told reporters that they could not attend classes, but they still had to pay back the loan, which was divided into 36 months. They only attended classes for one month, which means that they have to pay back the loan for 35 months.

Wall Street English not only failed to honor the class hours purchased by consumers in advance, but also failed to pay employees in full. A Wall Street English employee said that the company told me that if I didn't leave my job, I wouldn't pay social security in July.

Many employees said that in order to continue to pay social security, they can only be forced to resign now. On the morning of the news that the company was facing bankruptcy, these employees were still applying for labor arbitration because of unpaid wages.

Education and training institutions should carefully prepay course fees:

Yue Shenshan, a senior partner of Beijing Yuecheng Law Firm, said: Education and training institutions often sign contracts, which will mention the tuition fees paid in advance. If there are no special circumstances, it will not be returned.

However, this kind of contract should be a standard clause. If a lawsuit is filed, it is likely to be considered invalid by the people's court and cannot be binding on consumers. Despite this, experts stressed that there are risks in large-scale consumption in advance, and this kind of consumption needs to be extra cautious.