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| Hamper victims face 5p pay-outs | |
| (about 1 hour later) | |
| Thousands of people in Northern Ireland who lost money when the Farepak savings club collapsed last year can expect to get just 5p for every £1 they lost. | |
| For every £100 saved with the club, liquidators expect that just £5 will be handed back. | |
| About 3,000 customers in Northern Ireland found themselves in debt when the company collapsed last October. | About 3,000 customers in Northern Ireland found themselves in debt when the company collapsed last October. |
| More than £1.2m was lost in NI and £40m was lost across the UK. No money will be returned before Christmas. | |
| The liquidators said it was "early days" in clawing back assets. | |
| Customers of Farepak, owned by European Home Retail (EHR), paid money monthly to the company as a practical way to put cash aside for Christmas - receiving hampers and vouchers to use in shops. | Customers of Farepak, owned by European Home Retail (EHR), paid money monthly to the company as a practical way to put cash aside for Christmas - receiving hampers and vouchers to use in shops. |
| However, the company collapsed in October last year. | However, the company collapsed in October last year. |