Clegg investors get first payment
Debenture holders in collapsed finance company Clegg and Co will get their first, modest, distribution before Christmas.
Thursday, December 20th 2007, 11:06PM
They are continuing to collect on-going payments from the company's borrowers and/or take early settlement on loans, wherever possible. It is from these funds, and the cash at bank collected on appointment, from which this first distribution has been paid.
Previously the receivers have said that investors can expect to recover between 70 and 85% of their capital invested.
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