Wonga administrators plan 'an orderly wind down' of payday lender

Grant Thornton appointed to start the process of identifying all creditorsAdministrators have announced they will conduct “an orderly wind down” of the payday lender Wonga, which will involve the sale of assets and identifying creditors.Wonga, once Britain’s biggest payday lender, filed for administration after a flood of compensation claims and accounting firm Grant Thornton was appointed on Friday.Continue reading...