SeanBM
Notices to creditors will be issued over the next few days, notifying them of a meeting to be held on 8th September at the offices of the proposed insolvency practitioner, Walletts Unbelievable, theyre taking the money and running, creditors will be lucky to see any of their funds back. They will get tied up in a never ending Insolvency circus where the only winner is the insolvency practitioner.. Its legally spent on every single procedure where the hourly rate can be upto £600 and not usually less than £150. Thats emails, phone calls, everything even the secretary answering enquiries will be billed at around £250 / hour all taken from the creditors pot.
I hope its a big pot £250,000 can be eaten easily and quickly depending on the case and id imagine this one is failry complicated.
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