Receiver appointed to Superquinn

While i have utmost sympathy for the suppliers am i right in saying that normally in the case of liquidations and receiverships the ordinary trade creditors rarely get anything.
 
Well at least it puts an end to the argument that the process was done by Superquinn out of self interest.
 
dewdrop said:
While i have utmost sympathy for the suppliers am i right in saying that normally in the case of liquidations and receiverships the ordinary trade creditors rarely get anything.
Click to expand...

I think you're right. Those suppliers (if any) with exclusive deals with SQ are going to lose the most.
 
Looks like the directors were/are still trying to control the deal, and have now thrown their toys out of the pram; [broken link removed]

Something doesn't stand up about Mr Street's resignation - either he doesn't understand the legal obligations of the reciever to pay debtors based on their security, or else he's just grandstanding.
 
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