Creditors should get payout from Bedfords collapse as KPMG eyes cartel claim


Trade creditors of West Yorkshire-based Bedfords should receive some money when the business enters liquidation, according to insolvency practitioners. In a final administration report, KPMG said that based on current estimates, unsecured creditors “should receive a dividend during the subsequent creditors’ voluntary liquidation (CVL)”. “The amount will be determined once the realisation of assets and payment of associated costs has been completed during the liquidation,” it added. Preferential claims of £71,617 were paid in full in November 2020. Read more […]