Batty & Co

How do I contact the Liquidation Committee?

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You can contact the Liquidation Committee by sending an email to enquiries@allansonscommittee.co.uk

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Do the Liquidation Committee members receive any preference to other investors?

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No. They are there simply to assist the Joint Liquidators and do not receive any preference in the Liquidation.

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What is the role of the Liquidation committee?

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The Liquidation committee are there to represent the body of creditors generally. They will act as a sounding board for the Liquidators when creditor input is required. A key function will be to consider resolutions put forward by the Joint Liquidators, including one for fees.

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Will the proceeds of any successful claims go to the individual who invested in that claim or will the funds go into the Liquidation bank account to be distributed to creditors on a pro rata basis?

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Until we have had the opportunity to scrutinise the client files, we are not in a position to confirm how claim assets or potential recoveries relating to claims will be treated.

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Have you now obtained the client files?

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Our solicitors have written to the SRA’s agents who are holding these records and we are currently awaiting their response.  

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Do I need to submit any further documentation?

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No, at this stage we are simply asking creditors to lodge their claims. If you have already done this there is no need to submit any further documentation.

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How often will I receive an update?

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A Liquidator is required to provide a progress report within 2 months of the anniversary of their appointment or before closing the Liquidation. However, in this case we realise the need to update creditors more regularly. Therefore, an informal update will be provided on a quarterly basis by email in addition to our formal progress […]

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How long will the Liquidation process take?

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It is extremely difficult at the start of any Liquidation to accurately comment on time scales. In this case there are extensive investigations which need to be undertaken and potential legal claims to pursue. For these reasons, the Liquidation is likely to last at least 1 year. 

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