Hundreds of creditors and ex-employees of failed personal injury firm, The Accident Group (TAG), are expected to attend a creditor meeting in Manchester tomorrow.
TAG's administrator PricewaterhouseCoopers (PWC), is holding the meeting at the Crowne Plaza in Manchester tomorrow. At the meeting the administrator will explain what is likely to be repaid.
PWC has already advised creditors that the group made a £56.7m loss of in the eight months to 30 April. PWC noted in its letters that TAG management had attempted to revive the business by securing new funding.
The administrator also highlighted concerns that TAG was successful in only 50% of its personal injury claims.
