albiongirl
Well-known member
Done
This is the part I struggle with.
1. Take over a company with huge debts, at a good price.
2. Put it into administration, wiping out a massive % of said debts.
3. Appoint your own pet administrator, who then confers preferred bidder status to your 'new company' under a different name, ignoring all other bids.
4. Buy back company and all its assets, completely debt free, for peanuts.
How the HELL can that be legal? It makes no sense at all.