GREY:TBTEF - Post by User
Comment by
PetroExploreron Jul 05, 2017 8:56pm
136 Views
Post# 26437598
RE:Petro
RE:PetroManthebull, I would expect some court dates later this month, to confirm the payment list to the creditors. There may also be some discussion on the validity of certain accounts, like severances.
Once a final list of creditors and amounts owed, is approved by the Court, it shouldn't take long to apply to make a distribution. Maybe that will be done concurrently, but we'll have to see what is in dispute.
They might do a holdback, if certain accounts are in dispute. But they shouldn't drag this out indefinitely.
There could also be a holdback of funds for future legal expenses, for Bennett Jones to try and get some payment from Director's Insurance, for the improper way this went down.