Regarding Collins's attempt to prevaricate via an Individual Voluntary Agreement (IVA), we have already pointed out that the IVA route is not feasible in this case. Most investors simply aren't interested. Bankruptcy is obviously where this unsavoury little saga is going, and that is the way in which all the unaccounted-for CoBo accounts will get the thorough scrutiny that they need. Why should anyone resist such a wholesome eventuality?
Investors should note that in the case of bankruptcy, it is extremely likely—given the multiple ramifications of the C&B story—that an insolvency practitioner will be appointed as trustee. It will be his or her job to ensure, through responsible management of the assets, the best possible financial outcome for the creditors.