Ontario · Receivership (court-appointed)
First Progress Report of the Joint Liquidators - 06/04/2019
Court officer report · 4 June 2019
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: actual · quote: During the period of the Administration, the North and South sites were sold to TRG for £800,000 and the sales proceeds were distributed to the Pension scheme under its standard securities. · pct of: unstated · outcome: distribution · class key: secured · stated by: liquidator · amount low: 800000 · amount high: 800000 · class label: Pension scheme · creditor name: Pension scheme · interim final: unstated · claims qualifier: unstated; basis: actual · quote: Preferential claims representing 100p in the £ were paid in full during the Administration (Section 3 - Dividend prospects). · pct of: unstated · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: preferred · stated by: liquidator · class label: Preferential creditors · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: At present it is not possible to estimate when a final dividend payment to creditors will be made as this is largely dependent on the process (and costs) of transferring/surrendering the PPC permit, however, we will aim to do so as quickly as possible. · pct of: unstated · outcome: undetermined · class key: unsecured · stated by: liquidator · class label: Unsecured creditors · interim final: final · claims qualifier: unstated · stated on: 2019-06-04 · table missing: