On April 16, Kieran Wallace and Andrew O’Leary of KPMG began a new form of insolvency proceedings. With movements restricted to essential workers, the newly appointed joint provisional liquidators to Debenhams’ Irish operations set about assessing the damage at the collapsed retailer without having access to its 11 stores.  A meeting with trade union representatives the next day took place by videoconference. The realisable value of assets in the stores, such as stock and IT systems, remains uncertain. Yet the initial report provided by Wallace in a court affidavit last week paints a detailed enough picture for him to conclude…

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