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Posted: Fri Jul 10, 2009 3:21 pm
by Adam Davies
Posted: Fri Jul 10, 2009 3:33 pm
by timeforchange
For a venture of that size crashing into debt, it is unlikely any IVA is accceptable as we know IVAs. IP have all sorts of schemes to fold up bits of his empire and keep the ones running in the black afloat....some creditors will get hammered for sure.This guy has NO cash assets in the bank but companies as assets with dubious value as Never Never ranch belonging to Wacko Jacko RIP
The really rich have lots of cash made up of bank notes not just business valued as £££££.As DOTCOM decimation of the Internet bubble proove as in 2000
I do not feel sorry for them. Their business model is flawed advised by equally miscreant Bankers.Let them all GO BANKRUPT!!
Posted: Fri Jul 10, 2009 4:04 pm
by Michael Peoples
Nice case. I would love to prepare an IVA that big and tricky.
Posted: Fri Jul 10, 2009 4:27 pm
by kallis3
Hasn't Melanie done IVA's for people owing millions before? I'm sure I've heard her mention it on here.
Posted: Fri Jul 10, 2009 5:35 pm
by MRBLUESKY
the bigger you are the harder you fall.
Posted: Fri Jul 10, 2009 8:38 pm
by iva100
I know of someone who had a lumpsum iva over two years who's origional debt was over 3 million.
Its a Fact.
Posted: Sat Jul 11, 2009 4:37 pm
by MelanieGiles
I currently have a client with debts in excess of £3m!
Posted: Sat Jul 11, 2009 5:42 pm
by kallis3
I knew you had!
Posted: Mon Jul 13, 2009 5:38 pm
by johnnybriggs
Kevin Maxwell was Britain's biggest bankrupt with debts of over £406 million. That was in 1992 and he is currently in an IVA.