A HIGH street shoe shop with stores is dozens of locations could be at risk of closure. The parent company of Hotter Shoes has filed to appoint administrators and the business could be sold. The mo…
M&Co recently announced that it would return to the high streetIn 2020, Hotter Shoes launched a company voluntary arrangement which resulted in the permanent closure of 46 stores.When a company enters administration, all control is passed to an appointed administrator - who has to be a licensed insolvency practitioner.Once the administrator has taken over, a moratorium is placed around the company and stops all legal actions.
If the administrators later decide that you can't use your vouchers, you should register a claim with the administrators for the value of the vouchers.However, you may not get this money back if other creditors are owed money too. You may also only get a portion of the money back. If the voucher or amount put on a gift card was for more than £100, then it may be possible to claim the money back if it was purchased with a credit card.
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