Sale of under-administration Fairpoint subsidiaries going ahead

Chorley-based IVA specialist Debt Free Direct – a subsidiary of the under-administration AIM-listed company Fairpoint Group – has itself now been sold out of administration for almost £1.35m. Sandy Kinninmonth, Lindsey Cooper and Chris Ratten from RSM Restructuring Advisory were appointed joint administrators on Friday (September 1). The Adlington company is an Individual Voluntary Arrangement (IVA) business with assets of nearly £37.5m that delivers debt solutions for individuals across the UK and employs 72 people and is... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
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