F+f accepted ! Omg omg omg !

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Strapped

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Post by Strapped » Mon Jul 02, 2012 8:36 pm
Maybe the possibility of redundancy and the fact the offer increased their dividend was enough for them to agree to accept the offer ! Are you suggesting maybe creditors should wait until a debtor has actually been made redundant before considering any offer ?
 
 

MelanieGiles

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Post by MelanieGiles » Tue Jul 03, 2012 12:03 am
I'm not suggesting anything - I just like to keep myself appraised of what is happening in the marketplace and what creditors are actually accepting out there.

Personally, I think it makes more sense for an IP to run their caseload in accordance with the terms and conditions that their clients and creditors originally agreed to accept - and therefore it would be better to wait until a change of circumstances occurs before reacting to the perception of one, but if you have been lucky enough to get the offer that was put forward by creditors, they can hardly complain at the end of the day.
Regards, Melanie Giles, Insolvency Practitioner
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