On Friday morning, an issue arose with 2020’s online-only CPI examination. This was completely out of the IPA’s control. The issue was resolved as quickly as possible. Click here to read more.

Administration approaching its anniversary. Directors had defaulted on a personal guarantee to discharge the purchase consideration for the company’s assets. No other funds in the cases. No QFC. Fee basis approved. Any recoveries would necessarily be less than the fees and legal costs expended. Lawyers had suggested the administrator take an assignment of the claim against the directors as an alternative to extending the administration, given that there were no other funds in the estate.

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