Aitken settles terms with creditors
30 Oct 2001, By Adriana Zea, AccountancyAge
http://www.accountancyage.com/aa/news/1753518/aitken-settles-terms-creditors
Partner Louise Brittain said the impending final settlement would split the proceeds of Aitken?s estate between creditors and the Aitken Children?s trust.
Brittain said the individual voluntary agreement would save the DTI £300,000 in bankruptcy costs.
Aitken would also keep a pension of about £50,000 per year, according to creditor the Guardian Newspapers.
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