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Greensill creditors vote to liquidate company after business went insolvent during COVID pandemic – ABC News

Creditors vote to wind up Lex Greensill’s insolvent trade financing empire, with uncertainty about how much money they can recover.

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Creditors have voted to wind up Lex Greensill’s insolvent trade financing empire, with uncertainty about how much money they can recover.
Key points:

  • Twenty-three creditors voted to liquidate the business, three abstained and none voted against the measure
  • The creditors that voted at today’s meeting are owed a combined total of $4.7 billion
  • The liquidators will now try and track down all the company’s assets and sell what they can

At a virtual meeting this morning, 41 creditors and their representatives…

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