Creditors recieve only 15 % for Farepack (christmas club)

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27 Apr 2010 12:00 AM by TonyMal Star rating in Oxfordshire. 1090 forum posts Send private message

BBC NEWS WEbSITE

http://news.bbc.co.uk/1/hi/business/8643820.stm

Savers who lost out following the collapse of Christmas hamper firm Farepak face a further wait for a cheque to cover some of their losses.

About 120,000 customers will be offered about 15p for every pound they lost following a settlement between the liquidators and Farepak's directors.

This comes on top of some previous compensation paid out in vouchers.

But those who have made claims must wait for the final details to be settled before receiving the money.

If HdT is liquidated according to 2 different soliciotor we will not get even 65% back.

It is purchasers who lose out if HdT goes down and there are so many who really can not afford to lose their money. Think carefully as to whether you wish to lose your money or to try to save it & your fellow purchasers.

All the best

Tony

 


 



This message was last edited by TonyMal on 27/04/2010.


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