UK: New deal for Oddbins creditors
UK: New deal for Oddbins creditors
May 22, 2011 6
Wine merchant Oddbins’ creditors are likely to be paid with just 6p for every pound owed, it has been reported.
The chain had proposed a rescue deal which would have paid 21p in the pound but this was rejected by HM Revenue & Customs, forcing it into administration.
A statement of affairs filed by administrator Deloitte said creditors are now expected to receive less than a third of the return detailed in the rescue detail, the Mail on Sunday said.
Comments