Proposal for the payment of compensation claims through a scheme of arrangement

Proposal for the payment of compensation claims through a scheme of arrangement A legal procedure called a scheme of arrangement (the “Scheme”) will be proposed for the intended purpose of evaluating and spending settlement claims against Provident Personal Credit Limited (“PPC”) (which traded under the manufacturers Provident, Glo and Satsuma) and Greenw d Personal Credit Limited (“Greenw d”) for unaffordable…

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