Monday, June 11, 2007
2-year wait for payout to former MG Rover dealers
MG ROVER dealers, as well as suppliers, are awaiting payment of claims totalling £1.344bn from the collapse of MG Rover in 2005.
The details are contained in the joint liquidators' report from Price Waterhouse Coopers.
The report warns that unsecured creditors could eventually get up to 5p in the pound - but it could take up to 2-years as claims are still being received.
DATED: 11.06.07
FEED: AW
The details are contained in the joint liquidators' report from Price Waterhouse Coopers.
The report warns that unsecured creditors could eventually get up to 5p in the pound - but it could take up to 2-years as claims are still being received.
DATED: 11.06.07
FEED: AW
