Originally Posted by
Saabdriver1
It is indeed a new legal entity. But that is owned by a company which was the main shareholder in the previous company and which so far has been the main beneficiary of the payouts from the administrators. You can't escape that no matter how you try to dress that up. It is not for me to tell you what you should and shouldn't accept (and vice versa) but I'd be surprised if you can't see there are some very angry people out there about this. Those in the former BRAL pension scheme are firmly in that group. I can't see why you are so anxious to shout down their views.
Ignorant comment. The beneficiaries of any payout are the creditors. Cyrus had to write off their investment in Flybe as did Virgin