Insufficient Funds To Pay Adams Creditors

UNSECURED creditors owed money by haulier Duncan Adams are unlikely to receive any payment due to insufficient funds, according to the most recent report by Deloitte’s joint administrators of the Grangemouth company which entered administration in March of this year.

The company’s one secured creditor has been paid in full thanks to the collection of book debts totalling £1.95m.

A previous report confirmed 178 unsecured creditors with estimated claims of £3.8m.

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