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Final Settlement

Posted: Wed Apr 01, 2020 8:33 am
by superted
Morning people received an email from Creditfix saying our meeting is April 27th @ 10:05 fingers crossed....

The estimated return to creditors if the offer is accepted is 48.96p in the £ which is lower than 54.12p in the £

Not sure if thats a good offer or a good chance they may decline!

Re: Final Settlement

Posted: Wed Apr 01, 2020 9:47 am
by Foggy
Nearly 49 pence in the pound is a very healthy dividend, and they will be saving a chunk in time, resources and admin costs, which will mitigate any perceived loss against the original dividend estimate.

Fingers crossed for the 27th !

Re: Final Settlement

Posted: Wed Apr 01, 2020 6:13 pm
by Marty171
yeah that is a high dividend, best of luck.

i think mine was expected 35 and ended up accepting F & F at around 29

Re: Final Settlement

Posted: Wed Apr 01, 2020 7:08 pm
by luluj
Everything crossed for you ...that's a good offer so would be surprised in current climate if it was not agreed