Well due to unforeseen circumstances we completed a variation the other day (last week) on a F&F and the dividend was under 9p and creditors unaminously voted for it.
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
under 9p that is a suprise, their must be good reason for creditors to go for this, or is this because of the economic climate we are and people are after all the money they can get, as little as it is?
It was special - debtor had changed circumstances and was aapproaching retirement. Creditors accepted.
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.