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Post by Badly Drawn Stickman on Oct 9, 2023 10:57:06 GMT
Final admin report published, company being dissolved Includes the bizarre statement that the JA have achieved a better outcome for creditors than if it had entered liquidation So what was this outcome? Creditors £0 JA fees £105k, got £0 & actually ended up paying to do the job as forked out for expenses. Advisors/expenses - a few pence in the £ probably paid out by JA RSM definitely not on a winning streak in p2p. It would not amount to a great sum, but towards the end interest payments that were made were 'retained'. So presumably somebody somewhere has pocketed that amount. I would have much preferred it had have been me.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 10,870
Likes: 11,097
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Post by ilmoro on Oct 9, 2023 11:48:24 GMT
Final admin report published, company being dissolved Includes the bizarre statement that the JA have achieved a better outcome for creditors than if it had entered liquidation So what was this outcome? Creditors £0 JA fees £105k, got £0 & actually ended up paying to do the job as forked out for expenses. Advisors/expenses - a few pence in the £ probably paid out by JA RSM definitely not on a winning streak in p2p. It would not amount to a great sum, but towards the end interest payments that were made were 'retained'. So presumably somebody somewhere has pocketed that amount. I would have much preferred it had have been me. That will pay Moorfields/MT costs I suspect, though given that most of those are percentage based on recovery, technically that would be zero due as well.
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