Administrators are renowned for sucking the remaining capital of a company into their own coffers, by finding LOTS of excess work to do. It is part and parcel of the legalised corruption within the legal profession. Estate lawyers use to do the same thing until the Government passed a law requiring them to wind up an estate within 3 years. Guess what .... they tend to take 3 years no matter what the size of the estate. My worst experience with administrators was ION... took 10 years to wind up.
ARI Price at posting:
2.2¢ Sentiment: None Disclosure: Held
