Guidance
Thomas Cook Group plc and certain subsidiaries (in Compulsory Liquidation) (the Companies) Creditor Information Sheet as at 11 April 2023
Thomas Cook Group plc and certain subsidiaries (in Compulsory Liquidation) (the Companies) Creditor Information Sheet as at 11 April 2023.
Documents
Details
This Information Sheet provides an update to previously provided information included in:
- the Official Receiver’s Notice and Report to Creditors and Contributories, dated 16 December 2019, concerning those of the Companies which went into liquidation on 23 September 2019; and
- the Official Receiver’s Notices and Reports to Creditors and Contributories, all dated 30 January 2020, concerning those of the Companies which went into liquidation on 8 November 2019, and
- the Official Receiver’s Information Sheet as at 14 April 2021 in relation to the Thomas Cook Group plc and certain subsidiaries (in Compulsory Liquidation)
An updated estimate of the likelihood of a distribution being made to the creditors of each of the Companies is set out in the Creditor Information Sheet as at 11 April 2023. Creditors should note that:
- asset realisations are made on a company by company basis. Some of the Companies will not have sufficient asset realisations to make any distribution to their unsecured creditors
- any payment of distributions to creditors of each of the Companies is dependent on the value of the assets realised, after taking into account the costs of liquidation, of the relevant company. Where a distribution is paid to unsecured creditors, in most cases this will be a low percentage of the amount owed to each creditor rather than payment in full
- These estimates are based on the currently available information and are subject to change
Published 11 April 2023