Comet administration - what does this mean for consumers?

5 Live is going to tell you shortly.

There's a possibility the administrator might keep some of the stores trading, in theory it should honour the warranties, but we'll have to see how this story develops.

I have no access to radio at the minute - can you please post an update if there's one on radio 5?

Bad news for those with vouchers or waiting on goods apparently. Nothing else yet.

I feel sorry for the staff but it won't be missed by me, poor shop with poor choice and poor customer service 

My local one was a pretty awful place to be in. I was obvious long ago that some money needed to be spent on staff and the physical stores themselves. I'm sure there are many other factors too.

The 5 Live feature is over now I think, and was next to useless. They spoke to a bloke who was on his way to Comet to spend hundred's of punds worth of vouchers and he made a jibe about buying "something with a manufacturer's warranty", but that was the only reference to warranties.

I've got 45 days to cancel my warranty anyway so I'm going to and take extra home insurance cover.  Seems sensible.  Any inherent fault - surely that would be manufacturer's responsibility under the sale of goods act then if Comet closes?

There is a second line of cover for goods bought by credit card. If goods are not of 'suitable quality' you claim directly from the credit card under Section 75. So, for example, if a £600 TV breaks down and can't be repaired after, say, 2 years, you claim the reasonable second hand value of the goods, say £400, from the Credit card company. All the major card players have a dedicated Section 75 department to deal with these claims. However, on the other hand, if your £20 kettle breaks down after 2 years, then tough luck, as a £20 kettle has a much smaller life expectancy than a £600 TV.

Vouchers are still valid but only until they go into administration which looks like monday 00.00hrs, after that they are null and void and cant be used in any fire sale.

Sadly not, SOGA is used with the seller of the goods. Any manufacturers warranty is provided in addition to your statutory rights.

Yup, Section 75 will apply. In some regards it's very similar to SOGA though, as you may have to demonstrate the inherent fault in the item to win your case. They can offer the usual remedies: Repair, replace, refund (full or partial)

The world is changing more & more people are buying online, so their is still hope for the online retailer guarenteeing their jobs, but comet is overpriced rubbish with large stores their bills must have been huge, & i'm doing my bit for comet's demise by shopping online, every little helps.

There's been rumours about the demise of Comet for a year or more, so I'm surprised that a) you bought anything from them, and b) you took one of their overpriced insurance deals.

First thing I'd do, is cancel the insurance asap, and if at all possible, return the tv for a full refund, and buy it from somewhere else. Richer Sounds have a good deal at the moment with a free Bond blu ray box set, and free 5 year warranty. http://www.richersounds.com/product/tv---all/sony/bravia-kdl46hx853/sony-kdl46hx853

Advice elsewhere is to use them in-store pronto so you have physically got the goods, don't use them online.

I had to pay £40 for an independent valuation to confirm my LG TV was kaput after just 2 years. The credit card reimbursed me for the £40. That was MBNA and they were a pleasure to deal with.