RE: €700,000 received4 Jun 2024 09:56
Brew - nothing in my last post is incorrect. The Receiver in the bankruptcy proceedings, along with the smaller Defendants they represent are now out of the equation, assuming the formality of Court approval is without delay. This means no need for any further Court approval going forward. The remaining (main) Defendants are not bankrupt to the best of my knowledge, so they will need to defend the ongoing substantive enforcement proceedings with little to no protection. Unless they are impecunious (unlikely as their financial means would have been checked before going down the enforcement route) they will be best advised to settle and pay up to reduce the debt they owe. Interest is a beast here! 6 months is a reasonable timescale to recoup the remains funds IMO.