muh3
Posts: 52
Likes: 13
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Post by muh3 on Feb 17, 2017 17:36:03 GMT
We regret to advise that we have been informed that the Director is taking steps to place the Company into Creditors' Voluntary Liquidation. In light of this we have instructed our legal representatives/recovery agents to take all steps necessary to protect the investors in this loan with a view to ensuring the best possible recovery outcome.The meeting of the Creditors will take place a week today. The security we have in place comprises a Bond and Floating Charge and the Personal Guarantee of the Director.
We will advise you of further developments in early course.
Oh well, first one for me.
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micky
Member of DD Central
Posts: 651
Likes: 536
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Post by micky on Feb 18, 2017 16:56:48 GMT
Could anyone explain to me the quality of these please ? 'The security we have in place comprises a Bond and Floating Charge and the Personal Guarantee of the Director.' Now that the that the Director is taking steps to place the Company into Creditors' Voluntary Liquidation
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