Tuesday, January 4, 2011

HAPPY NEW YEAR!

Since our last post we have phoned the court and were given the following news.
They are still dealing with the 47 challenges to the report issued for Easter by the Bankruptcy Trustees. They estimate this to take another 6 months or so. The next step will then be for the Trustees to issue a new and final report, which will state whether to liquidate assets, which implies selling off all property, or to sign an agreement, which might imply whatever the agreement states. This agreement could be presented either by creditors representing a majority of the outstanding sums or by the Directors of the Trampolin Company. The decision based on this final report can not be appealed. Happy New Year!

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