Farepak customers could swamp PwC meetings

Farepak customers could swamp PwC meetings

PwC will go ahead with creditors' meetings despite concerns that they will be swamped by Farepak customers

PricewaterhouseCoopers, administrative receivers for Farepak parent company
EHR
, is set to outline a series of creditors’ meetings despite concerns that
they will be swamped by Farepak customers.

Although Farepak savers are not creditors of EHR, there
are concerns that they will swamp any meetings organised by PwC partners
handling the administrative receivership.

Farepak administrators from BDO Stoy Hayward had
previously obtained a court order exempting BDO from holding a meeting because
there were so many individual creditors.

PwC’s meetings are not expected before Christmas, reports the Sunday
Telegraph
.

Further reading:

Farepak loans ‘nothing to do with
audit’

BDO and DTI to investigate Farepak collapse

Faretax?

Related Articles

Carillion CFO blew whistle over 'sloppy accounting' months before collapse

Business Recovery Carillion CFO blew whistle over 'sloppy accounting' months before collapse

5m Alia Shoaib, Reporter
Toys R Us UK and Maplin enter into administration after failing to secure buyers

Business Recovery Toys R Us UK and Maplin enter into administration after failing to secure buyers

5m Alia Shoaib, Reporter
How to avoid a Carillion collapse

Business Recovery How to avoid a Carillion collapse

6m Russell-Cooke
Carillion collapse: The week so far and industry reaction

Business Recovery Carillion collapse: The week so far and industry reaction

6m Emma Smith, Managing Editor
Kingston Smith & Partners appointed trustees in bankruptcy of ex-Newcastle United footballer

Business Recovery Kingston Smith & Partners appointed trustees in bankruptcy of ex-Newcastle United footballer

6m Emma Smith, Managing Editor
Carillion: PwC appointed as special managers – what happens now?

Business Recovery Carillion: PwC appointed as special managers – what happens now?

6m Emma Smith, Managing Editor
Investment firm acquires Avon Steel Company Limited

Business Recovery Investment firm acquires Avon Steel Company Limited

7m Emma Smith, Managing Editor
Manchester law firm enters into administration

Business Recovery Manchester law firm enters into administration

7m Emma Smith, Managing Editor