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For once I agree with Jackson. My experience of Insolvency proceedings is that they usually involve huge legal fees which swallow up whatever monies are recovered for disinterested creditors. I was once a creditor and gave evidence in recovery proceedings which netted £500k. The IP and their Solicitors(both national firms) then clearly worked backwards and came up with ridiculous fees of £450k leaving £50k to mollify the creditors.

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