Discover owed 35m

Discussion in 'Motorhomes in the News' started by Jim, Dec 12, 2011.

  1. Jim

    Jim Ringleader

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    According to inside Media Discover went down to the tune of a cool £35 mil' Creditors will be getting at least £220,000 less than they should because of the KPMG charges to administer the bankruptcy. :RollEyes: Firms like that love a recession:Angry:

    Discover owe the banks millions, as well as tens of thousands to suppliers and staff. Read more here
     
  2. laneside

    laneside Funster

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    Now just who do you blame?

    This was the outcome that could have been predicted by the village idiot let alone bright bankers

    Even I predicted this
     
  3. tick59

    tick59 Funster

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    :Rofl1::Rofl1: THAT'S THE WAY TO DO IT!!!!!!​
     
  4. motorhomelover

    motorhomelover

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    the law should be changed so that directors can not hide behind the ltd liability
    if they trade out side the rules they should be held accountable
    its not fair they continue to take orders knowing its all going tits up :Angry:
     
  5. maxsdad

    maxsdad Funster

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    in the 30 yrs we had the garage business we must have had at least half a dozen firms go bust on us [we where always care .full but someone always slips through the net]most for only small amounts.
    when we got the statement from the insolvency practioners their fees always came first then the banks etc never anything left for the small guys but thats the way life is sometimes.
    i don't know how they manage to borrow so much money every time we tried to borrow a couple of grand we had a major enquirey examine the books charge on property etc looking back though they probably did us a favour not lending us any money we always managed in the end:Wink:
     

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