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All Class book offered for quick sale

All Class Insurance Brokers’ receiver has offered the Sydney company’s client book for sale, with offers closing last Wednesday, just days after the business was advertised.

The receiver was appointed by St George Bank earlier this month after All Class collapsed owing about $1.9 million to creditors, including more than 20 insurers.

A number of creditors have told insuranceNEWS.com.au they expect to have to write off the debts.

The receiver has not disclosed the level of interest in the client book.