[ QUOTE ]
The real goal is to have the investigation findings point out that RF was "trading while insolvent". If this is found, then "personal assets" of the directors are also targets for recovery.
[/ QUOTE ]
And this is the key. There will not be 10% of the amount of money from sale of assets, particularly since word on the street was stuff was been "fleeing" the factory for weeks before everything went bottoms up. Heresay, or not, even if there were five complete cars in the factory to sell for $60,000 USD each there would be no chance of coming close to repay creditors. And there were definitely not five complete cars at the factory.
So, the other avenue will be what personal assets can be obtained to repay creditors. Unfortunately, in my opinion, that is a terrible thing to happen to a person but, be that as it may, the situation was obviously avoidable with careful attention to detail from the company director.
From the data I have it strongly suggests that RF was trading insolvent as early as June of 2005, but the Administrators will pass final judgement on that April 24th. Grated, this is my opinion, but the opinion is based on the information from the report to creditors which is, I think, deemed factual as far as the Administrators, creditors, and legal proceedings go. You mileage obviously may vary and the Administrators might say nothing wrong was done and hand the company back over to the director, but I don't think that is going to happen. Again, all just my opinion from living this mess for over a month and sorting through lots of information.
Ron