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Are you sure? He has a charge on some assets and that charge has now crystallised so he can claim ownership of the asset- whatever it is. I suspect it's a second charge, someone else like Moonshift might have a senior charge on the assets. He might be offered the asset- told to take it and get lost. The charge might be worthless, so there's no guarantee he'll get anything.
He's an unsecured creditor in the sum of £180,000 and he might get 35p in the £. So he might get £63,000 for that. My heart bleeds for him but it bleeds more for our club and what that criminal shyster has done to our club.
I suspect he has some sort of a charge on the hotel.
Michael James/PBP has the first charge on the hotel of £5.5m which last book value seemed to be worth about £8.5m but I've been told by someone I trust is valued at £4.5m to £5m by the Administrator.
I don't know if you've read this link yet -
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...but would guess that is why the have left a question mark against how much a secured creditor PBP is - until the Hotel sale is finalised?
Would you mind if I asked you a question if this is indeed the case -
If Anderson was say a secondary secured creditor on the Hotel and the senior charge takes all the value in it, what happens to Anderson's money - is it lost, or does it simply become an unsecured creditor?
If so I wonder if that amounts to the same thing anyway as there wouldn't be anything to pay unsecured creditors on a company that would not fall under the EFL umbrella of having to pay even a minimum 25p in the £ to.