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by DoctorInternet
Wed Apr 13, 2016 11:25 am
Forum: Ask IVA Forum and Industry experts
Topic: Please can somebody help me on a step by step basis to go bankrupt.
Replies: 25
Views: 6934

I went backrupt in 2013, I went to the CAB and they provided me with the forms to fill, and told me the time and place to go to petition. It was free of charge, but you can actually download the forms online and fill them in yourself, and take them along to the court yourself. You don't really need ...
by DoctorInternet
Sun Jan 10, 2010 3:37 pm
Forum: Ask IVA Forum and Industry experts
Topic: Relax Group/Synergi goes into Administration
Replies: 57
Views: 19274

Melanie, I'm confused about why David Mond would buy a very large debt off a completely bust and potentially liquidated company though but, as you've said, I'll try to contact the administrator, in the meantime I'll try to sort my own debt out: "Mr Mond last Friday bought up debt in Relax Group from...
by DoctorInternet
Sun Jan 10, 2010 3:15 pm
Forum: Ask IVA Forum and Industry experts
Topic: Relax Group/Synergi goes into Administration
Replies: 57
Views: 19274

I can see your point Melanie, but as I've said, I'm not confused with the chronology, ClearDebt did buy the debt of Relax Group from Barclays for about 4.7m; from the Telegraph: "David Mond, the chief executive of debt relief company Cleardebt, has put a struggling rival group into administration th...
by DoctorInternet
Sun Jan 10, 2010 11:45 am
Forum: Ask IVA Forum and Industry experts
Topic: Relax Group/Synergi goes into Administration
Replies: 57
Views: 19274

What I don't understand is why ClearDebt bought the debt off Relax Group if the company was already 'doomed', why didn't they just buy off their assets? Should the shareholders have been informed? (I'm not actually a shareholder, I just opened a spread bet in Relax.) Also, as ClearDebt bought the de...
by DoctorInternet
Fri Jan 08, 2010 9:46 pm
Forum: Ask IVA Forum and Industry experts
Topic: Relax Group/Synergi goes into Administration
Replies: 57
Views: 19274

With respect to Andy Davie above, I have to say that to buy a debt off a company only to push it into administration afterwards is a rather cruel way to treat a company and its employees in a country which is starting to come out of recession. It seems greedy, selfish and unfair on the company and t...
by DoctorInternet
Fri Jan 08, 2010 8:39 pm
Forum: Ask IVA Forum and Industry experts
Topic: Relax Group/Synergi goes into Administration
Replies: 57
Views: 19274

Do you know what happened to the MBO that Carl was trying to put together, do you think that it must have fallen through? When liquidation prevails do you think there will be anything at all left for the shareholders? I've already written off the spread bet I had with Relax Group and moved on, but s...
by DoctorInternet
Fri Jan 08, 2010 7:55 pm
Forum: Ask IVA Forum and Industry experts
Topic: Relax Group/Synergi goes into Administration
Replies: 57
Views: 19274

Does anyone know if Relax Group are going to be liquidated, as I have some shares with them? There seems to be very little information coming from the group[xx(]
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