Calls for BPS to face administrator legal action
Creditors of BPS Insure, which went into administration in May after the Financial Services Authorit...
Creditors of BPS Insure, which went into administration in May after the Financial Services Authority found a £3m hole in its client-money account, have asked its administrator to consider legal action in order to increase the level of funds available to pay creditors.
The call came at a meeting on 5 August in London called by administrator Begbies Traynor to discuss ITS proposals for the administration and establish a committee of creditor representatives.
Out of 400 creditors, five were elected
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