The Monetary Times has mentioned that the hedge money that acquired manage of Debenhams after its administration in 2020 have ranked higher than other lenders these as Debenhams’ two outlined profit pension funds.

Stephen Timms, chair of parliament’s perform and pensions committee, was report by the FT as declaring there would be “serious concerns to solution about regardless of whether a lot more could and should really have been accomplished to defend members” if the schemes finished up in the Pension Defense Fund.

Landlords, local authorities and suppliers are unsecured lenders, and so are not likely to obtain just about anything from Debenhams’ collapse, it mentioned.

Debenhams was at first place into administration in 2019, wiping out its shareholders. It then agreed organization voluntary arrangement (CVA) with its landlords, enabling it to lower its rent invoice and embark on programs to shut 50 of its 166 stores. But this was not sufficient to help save the retailer and it was placed back again in administration in April 2020.

Boohoo Group announced on 25 January that it would buy the Debenhams model, web site and mental property for £55m, but not its store portfolio. All 12,000 Debenhams staff members went into consultation.

Debenhams’ collapse, which resulted in the closure of more than 100 shops and the reduction of about 12,000 work opportunities.