PPF to lose £2.5m promised payments from Jessops

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The Pension Protection Fund is unlikely to receive any payments as a result of camera retailer Jessops' bankruptcy, despite having £2.5m worth of loans with the company, according to the Sunday Telegraph.

The newspaper reported the bulk of creditors will receive nothing from the high street camera chain's collapse in January as debts have been re-valued a third higher at £81m. PP revealed earlier...

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