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Phones 4U Debtor EE Targeted By Administrator


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Old 21-05-2015, 18:15
Darth-Habib
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Interesting

Administrators to Phones 4U, the high street retailer which collapsed last year, are inching towards launching legal action against third party debtors including the UK's biggest mobile phone group.

Sky News has learnt that PricewaterhouseCoopers (PwC) has issued a series of so-called "letters before action', setting out the obligations of debtors to repay money owed to a company prior to its collapse.

Sources familiar with the matter said that EE, the mobile phone network, was among the parties to have been contacted by PwC in relation to an undisclosed financial liability.

http://news.sky.com/story/1488456/ph...-administrator
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Old 22-05-2015, 00:27
Aye Up
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So a now ceased company, appointed administrators are after money apparently owed?

Pfft like that is gonna fly
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Old 23-05-2015, 15:58
Chrysalis
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So phones4u loses its obligation to honour its own debts but can still chase people that owe it money? does that seem screwed up to anyone else?
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Old 23-05-2015, 17:00
psionic
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I believe this is a common tactic after a company goes into administration. It rarely succeeds though. These "letters before action" are speculative letters which are essentially a fishing exercise.
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