Halliwells partners look set to be asked to repay more than £2m in additional bank loans taken in 2010 as further details of the now-defunct 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 £2.3m, facilitated by professional practice loans (PPLs) taken out from The Co-operative Bank.
September 01, 2010 at 02:54 AM
1 minute read
The original version of this story was published on Legalweek
Second cash call and St James’s deal leave some liable for £500k
Halliwells partners look set to be asked to repay more than £2m in additional bank loans taken in 2010 as further details of the now-defunct firm’s finances and partner liabilities emerge.
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