Originally Posted by
admikar
I thought non-refundable means if you back out of your slot? If it turns out that Hill cannot deliver on his promises, money will be refunded (still fuzzy on details who/how will decide that Hill can not deliver)?
I imagine it would only be if and when the business reached the point where it knew it couldn't meet its contractual obligations, including the ability to pay its bills on time. In other words, when it runs out of money...
In that case, you can rest assured that the sale of the business (or its assets) will be insufficient to even compensate the administrator's high priority creditors (and certainly not those who paid a deposit)