It looks like former Halliwells partners will be asked to repay more than £2 million in additional bank loans taken in 2010 as further details of the now-defunct firm's finances and partner liabilities emerge. Some partners could be liable for amounts in excess of £500,000.
September 03, 2010 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
It looks like former Halliwells partners will be asked to repay more than £2 million in additional bank loans taken in 2010 as further details of the now-defunct U.K. law firm’s finances and partner liabilities emerge.
The firm conducted a voluntary cash call at the beginning of the year, which saw 28 partners contribute a total of £2.3 million, facilitated by professional practice loans (PPLs) taken out from The Co-operative Bank.
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