Farepak cheques sent out to customers

Liquidators from
BDO Stoy
have sent out cheques to Farepak customers, three years
after the Christmas savings business collapsed.

Nearly quarter of a million pounds has been sent to 5,900 customers, reports
the Press Association.

The cheques were for customers who made payments on or after 11 October 2006,
following a court ruling.

However those who placed orders before that date are expected to receive just
5p in the pound. Claims worth £38m were made by 122,000 customers.

Farepak’s parent company European Home Retail went into administration in
October 2006.

Further reading:

Farepak investigation

BDO and DTI to investigate Farepak

Related reading