Receiver appointed to Superquinn

[DB74]

It would appear that a large number of suppliers will be shafted here

http://www.rte.ie/news/2011/0721/superquinn.html

 

[dewdrop]

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.

 

[Sunny]

Well at least it puts an end to the argument that the process was done by Superquinn out of self interest.

 

[Purple]

It would appear that a large number of suppliers will be shafted here

http://www.rte.ie/news/2011/0721/superquinn.html

So the number one priority was the state owned banks, i.e. the tax payer.
In light of this I'm sure Complainer will revise his views accordingly.

 

[Firefly]

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.

I think you're right. Those suppliers (if any) with exclusive deals with SQ are going to lose the most.

 

[Complainer]

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.

 

[dewdrop]

I agree with Complainer regarding the resignation.