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When Law Meets Accountability - Why Creditors Deserve Their Day in Court
Summary
This episode examines the collapse of the 79th Group and the failures that left creditors powerless. We explore oversight gaps, trustee inaction, and how connected firms perpetuate risk, showing why investor accountability and transparency are critical.
Key Points
- Investors were misled by promises of security and asset-backing.
- Directors, trustees, and administrators often failed to act.
- Patterns of connected firms raise questions about impartiality and oversight.
- Creditors must use legal rights and coordinated action to protect their interests.
Call to Action
Creditors of the 79th Group can share their experience confidentially to support recovery efforts.
Contact: [email protected]
Disclaimer: Insolvency & Law Ltd does not act as a firm of solicitors or as licensed insolvency practitioners. We do not carry out any regulated activities as defined under the Legal Services Act 2007 or the Financial Services and Markets Act 2000. All information and commentary concerning The 79th Group, including that published via our blogs and podcasts, is made available free of charge for informational and educational purposes only. It should not be regarded as legal or investment advice.
In suitable circumstances, I&L may take legal assignment of loan notes issued by 79th Group companies. It may act in its own name and at its own cost and risk to pursue enforcement and recovery. Loan note holders assigning claims to I&L are not exposed to the cost of such action.
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By Insolvency & LawSummary
This episode examines the collapse of the 79th Group and the failures that left creditors powerless. We explore oversight gaps, trustee inaction, and how connected firms perpetuate risk, showing why investor accountability and transparency are critical.
Key Points
- Investors were misled by promises of security and asset-backing.
- Directors, trustees, and administrators often failed to act.
- Patterns of connected firms raise questions about impartiality and oversight.
- Creditors must use legal rights and coordinated action to protect their interests.
Call to Action
Creditors of the 79th Group can share their experience confidentially to support recovery efforts.
Contact: [email protected]
Disclaimer: Insolvency & Law Ltd does not act as a firm of solicitors or as licensed insolvency practitioners. We do not carry out any regulated activities as defined under the Legal Services Act 2007 or the Financial Services and Markets Act 2000. All information and commentary concerning The 79th Group, including that published via our blogs and podcasts, is made available free of charge for informational and educational purposes only. It should not be regarded as legal or investment advice.
In suitable circumstances, I&L may take legal assignment of loan notes issued by 79th Group companies. It may act in its own name and at its own cost and risk to pursue enforcement and recovery. Loan note holders assigning claims to I&L are not exposed to the cost of such action.