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![]() | Fusion Media is no moreFinally in insolvency, discuss... |
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| | #2 |
| iPod 30gb | Grrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr.
__________________ Working on: Gifts.Kudos & Gadgets FJ My rubbish Cheap iPhone incomplete Cheap iPad websites Free iPods |
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![]() | So, that involves the T3 gaming magazine? |
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| IOU MJ10 Join Date: Nov 2005 Location: Melbourne
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![]() ![]() | So, as 'customers' - does that make us creditors?
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| | #5 |
| iPod 20gb | Do they own real-incentives too?
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| | #7 |
| MJ lady with maracas |
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| | #8 |
| MJ lady with maracas | No, thats Future media who print T3
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| | #9 |
| MJ lady with maracas | Please remember this thread - Please read - conduct in this forum. while posting in here
__________________ Last edited by Jon; 27-07-09 at 10:05 PM.. |
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![]() ![]() | So as creditors, we could petition to force Fusion Media Ltd into bankruptcy which would mean any monies they have would be paid to us. (Sorry Jon, not sure if this is classed as discussing legal action?) Quote:
__________________ Last edited by tombsc; 27-07-09 at 09:55 PM.. | |
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| | #11 |
| MJ lady with maracas | At the moment I could'nt fully answer that, I know a few people on eXceem do work in that field and I know someone who deals with this kinda thing (but he does it for multi-nationals etc) so ill be getting as much info as I can.
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| The Following User Says Thank You to Jon For This Useful Post: | tombsc (27-07-09) |
| | #12 |
| Blobbage! | Yup, insolvency is my day job, what exactly do people want to know?
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| | #13 |
| iPod 30gb | Will I get anything from them at all?
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![]() | And will I get monies if I have ordered an item and not yet recieved? And how? |
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| | #16 |
| Blobbage! | It really depends what assets they have left.
My guess at this stage is that unless there is a substantial balance due in from affiliates, creditors are unlikely to see any money back. I would be more than happy to attend and report on any creditors meetings that may get called (work permitting). Furb
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| | #17 |
| Blobbage! | Anyone who is owed money/gifts by Fusion Media.
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| | #18 |
| Blobbage! | Like I said, it depends on the insolvency process. In general terms, when an Insolvency Practitioner gets involved, you send them full details of what is owed and sit back and wait (and unfortunately, it is typically a long wait).
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| The Following User Says Thank You to FurbtasticM For This Useful Post: | Ginister (28-07-09) |
| | #19 |
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![]() | So what your saying is unless that have loads of spare money in the bank (but they shouldnt as they are bankrupt...) 'creditors' will probs get no money. Damn the Credit Crunch! |
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| | #20 | |
| Blobbage! | Quote:
A summary of the company's position will be produced as and when the formal process starts and that will give us a better idea.
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