Under the proposal, which was accepted by 96% of VIPs creditors, preferential creditors will be paid in full and unsecured creditors will receive 75p in the pound over five years.
VIP Print, which is trading profitably, ran into trouble after it was hit by bad debts of more than 500,000 last year.
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"And here's me thinking they bought the Docklands Light Railway."
"15 x members? Why don't they throw their lot in with the Strategic Mailing Partnership (SMP) and get a louder voice?"
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In that conversation he told me about another seminar he had..."
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