Thomas confirmed yesterday that a payment date for the victims of
Swindon-based Farepak savings club collapse had yet to have been set.
In a ministerial statement, Thomas said creditors, including customers, were
expected to get about 5p in every pound returned.
‘It is not yet possible to confirm when a payment will be made to customers,
as every agent and customer claim must be finalised before this can take place,’
he said. ‘All claims for money must first be verified and checked to ensure they
are not duplicated by agents and customers.’
Some 150,000 families lost about £40m in savings when the firm went into
administration in October 2006.
Three new partners and seven business restructuring advisers have been appointed to the new Preston office
Political and economic uncertainty behind the fall in confidence
Just Racing Services, operating company of the Manor Racing Formula One team has entered administration
Last year 16 oil and gas companies became insolvent, finds Top Ten firm Moore Stephens