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16-09-2018, 06:05 PM
You are preaching to the converted with me, the only thing that likely to change on a day to day basis , even month to month, is the progress on debt recovery and in my experience no Insolvency Practitioner would give a running commentary on that. If something else major changes, e.g. the Administrators wish to change the process into a CVA and pay a general dividend (payment on account or even everyone in full), or they are advised they can pay the lenders in a particular loan or tranche, they will make an announcement anyway. But more regular ones reporting the detail of other aspects of the Administration e.g. progress into the investigation of the directors conduct whilst that might satisfy prurient interest it is hardly time critical as action against them, if any, will be at least months if not years away, would not, IMO, be either an efficient or cost effective use of the Administrators time, which we are constantly reminded is £500 plus VAT per hour.
I will not be proposing or supporting any vote for more regular reporting.
I will not be proposing or supporting any vote for more regular reporting.
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