Dividends paid in two further insolvency matters.
9 May 2018: Thanks to the strategic handling of two very different insolvency appointments, BRI Business Recovery and Insolvency’s Northampton office is pleased to share further news of dividends being paid in a compulsory liquidation and a bankruptcy estate.
In the compulsory matter, the secured creditor was paid in full within 2 days of appointment and preferential creditors, being employees with outstanding wages and holiday pay, very soon after. A full and final dividend has now been paid to the unsecured creditors equating to 10 pence in the pound.
Whilst we mainly deal with corporate insolvency matters, we are also very experienced in personal insolvency. In a bankruptcy estate creditors will shortly receive payment in full plus statutory interest with £113,000 being distributed.
Should you require advice or assistance in respect of any insolvency related matter, either corporate or personal, please do not hesitate to contact any one of BRI’s experienced management team.