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My company Focuscraft recently claimed monies through County Court owed from a retail customer (Trading as a Limited Liability Company) who unknown to us had previously been declared bankrupt. We located the Insolvency Practitioners employed and only then did we receive a Statutory Meeting Creditors Report, chaired by the debtor, which included a list of the company's trade creditors. Focuscraft along with other significant trade suppliers did not appear on this list which thereby under stated the true debtors total. The stated cost value of customer's stock was £57,500.00 valued at £5,500.00 plus vat on a forced sale basis. We assume that this stock - retail value £100.00 approx, has been bought by the debtor who is able to continue trading. Focuscraft and other suppliers not on the debtors list had not been offered prior to insolvency the opportunity to have unpaid stocks returned or post insolvency the opportunity to make an offer to purchase remaining stock. Is our customer or the Insolvency Practitioner liable for any further action we may consider taking Barry ******** Partner Focuscraft
Correct debt was not included in the banruptcy
This is not been confirmed but we suspect stock has been placed on Amazon and Ebay in "nicknames"?
We do not understand your last Q "From them"
Just found out that all stock purchased from the liquidation has been sold.
The Insolvency Practitioners are chasing the debtor for £5.500.00 in payment for this stock
Wool Mountain ltd is now closed - assets were transferred to Purple Ewe Ltd - we do not know if this company is closed
Debtor knew some of the items were from Focuscraft
We believe all the stock including ours has been sold. Is there any further action a waste of our time and money?
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