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Dominic Hargreaves via Creative Commons
Xtravision
Interim examiner appointed to movie chain Xtravision
Movie and game rental company with 1,300 employees told court it needs protection from creditors over debt payment issues.
THE HIGH COURT HAS appointed an interim examiner to the movie rental chain Xtravision.
The company had sought court protection from its creditors due to its difficulty in paying its debts, Movies.ie reports.
David Hughss of Ernest and Young was appointed the company’s examiner after an independent accountant’s report found it had a reasonable prospect of survival.
RTÉ reports that the independent review also found that the majority of the company’s 180 stores across Ireland and Northern Ireland are profitable.
The issue will be brought before the court again for a full hearing next month.
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