The Administrators - am I alone in hating?
Discussion
This thread reminded me how frustrated with the administrators I've ended up everytime I've had to deal with a company that's been wound up.
Fortunately this has only been a few times but everytime I've got the impression that they'd make claim forms to include deliberately ambiguous or unclear questions resulting in me calling for clarification (thus increasing their fee), they'd ask the same information several times, charge obscene fees for everyones time (most people on hundreds of pounds an hour), send out pointless reports and generally milk the situation for all they could.
I know it's a bit of an over simplification but surely all they need to do is split the creditors into secured, unsecured and taxman
then split the money.
Who appoints them anyway?
(I will admit that I only have limited knowledge and then from the bitter position of chasing money and seeing pennies in the pound if I'm lucky while the administrators walk off with a big chunk of what was left, please feel free to pick my rant apart
)
Fortunately this has only been a few times but everytime I've got the impression that they'd make claim forms to include deliberately ambiguous or unclear questions resulting in me calling for clarification (thus increasing their fee), they'd ask the same information several times, charge obscene fees for everyones time (most people on hundreds of pounds an hour), send out pointless reports and generally milk the situation for all they could.
I know it's a bit of an over simplification but surely all they need to do is split the creditors into secured, unsecured and taxman
then split the money.Who appoints them anyway?
(I will admit that I only have limited knowledge and then from the bitter position of chasing money and seeing pennies in the pound if I'm lucky while the administrators walk off with a big chunk of what was left, please feel free to pick my rant apart
)Edited by rpguk on Wednesday 26th September 21:44
Just got a cheque from a claim I put in for just under £1500. Having jumped through hoops for as long as I can remember (must be 2 or 3 years) I've got under £150 for it.
The breakdown shows receipts to be £55,569.08, supervisor's fees £23,760. Just before I get annoyed, would I be right in saying they've taken half the bloody money for themselves?
The breakdown shows receipts to be £55,569.08, supervisor's fees £23,760. Just before I get annoyed, would I be right in saying they've taken half the bloody money for themselves?
Edited by rpguk on Friday 30th November 14:55
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