The latest update from the administrator in charge of Watford claims that it will be likely creditors of the collapsed firm will receive a payout after all, reported Microscope.
Previously, creditors had been worried that the debts the company left behind would mean they would be unable to recover the money they had invested in the firm.
Now, the official administrator Smith and Williamson has said that the firm has not yet been liquidated and that chances of creditors being paid in the form of dividends is still good.
Some however are not convinced by the reassurance: “I’m not optimistic of getting anything. I was reasonably impressed that there was even a suggestion we might get anything,” one source told Microscope.
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