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The now bankrupt IT Factory has only a tenth of the assets required to pay off its debts of DKK 1.2 billion according to TV2 Finans, which cites the preliminary report from the receiver.
Creditors, however, will not be at the head of the queue to receive payment. The company's 45 employees, all of whom the receiver is reported to have suggested have been on relatively high salaries, will come first.
