SSG: Bankruptcy papers received, employees not paid

Bankruptcy papers received
Some people in the UK have been receiving papers relating to the SSG ‘bankruptcy’ from the US Bankruptcy Court of the District of Southern District of Texas. There will apparently be a ‘meeting of creditors’ on 22 July in Houston.

Having done a quick search I notice that there was, on 18 June a ’status conference’ for St Stephen the Great LLC in the bankruptcy court (this can be found on a cached Google page saved here). Information on the chapter 11 bankruptcy process can be found via this page: Chapter 11 - Bankruptcy Basics

All of this must be seen in the light of Usdaw’s statement yesterday, now available on the Usdaw website:

Usdaw firmly believes that the bankruptcy proceedings in the US have no effect in the UK, because this is a UK company with entirely UK-based assets and activities.

Also, from John Hannett, the General Secretary of Usdaw:

These loyal staff are being given misleading information about these US bankruptcy proceedings and the effects this may have on their rights to take legal action in the UK. Our fear is that the Brewers’ actions may be an attempt to move assets away from the business and out of the reach of our members with legitimate claims.

“We will carry on as before with the claims against the Brewers who are accumulating wealth whilst riding roughshod over hard working employees. We will continue to assist all our members affected by this messy situation and work to rectify it as soon as possible.”

Employees not paid
On a related note some (all?) of the people who work or worked in the shops have not been paid today (the 25th) as they would usually be. See for instance these blog comments. [Update: some employees have now been paid]

Telegraph blog post
Christopher Howse (who wrote Saturday’s comment piece) has written on his Telegraph blog about the Orthodox church in Poole: Orthodox Exodus. As others have pointed out this isn’t new information, but I thought I’d post the link anyway.