Why is Administrator of Newbridge Credit Union paid so much?

Discussion in 'Credit Union issues' started by Rudolph, Jan 14, 2012.

  1. jack2009

    jack2009 Frequent Poster

    Maybe in an ideal world it would be, but unfortunately in real life its not!

    Also, personally I believe that the big issue is not the rate that any of these firms charge per hour but what they deliver for these rate. In that regard, I understand that the Joint Administrators of Quinn were critisised/questionned about their fee applications to the High Court.

    To compound problems, the process itself is very inefficient and does not necessarily add any benefit the company/creditors!
  2. smeharg

    smeharg Frequent Poster

    There's a "get out of jail free card" that can be played in emergency situations.

    Perhaps the central bank relied on this in this case.