Monaco NPL (No.1) Limited (in administration)

Updates

Notice of Intended Dividend dated 20 January 2016

Based on current information, the Administrators are of the view that there are sufficient realisations to allow a fourth distribution to be made to unsecured creditors. The Administrators issued a Notice of Intended Dividend to all known creditors who have not yet proved their debt stating a last date for proving of 12 Feburary 2016. A fourth dividend will be paid within 2 months of that date to creditors with agreed claims. A copy of the Notice is available here.

Notice of Declaration of a Third Dividend dated 2 September 2015

On 2 September 2015, pursuant to Rule 2.98 of the Insolvency Rules 1986, the Joint Administrators declared and paid a third interim dividend of 16.22 pence in the pound to all unsecured creditors whose claims have been admitted for dividend purposes.The Joint Administrators are unable to advise the timing and quantum of any further dividends. A copy of the Notice to all creditors who have proved their debt is available here.

Notice of Intended Dividend dated 14 July 2015

Based on current information, the Administrators are of the view that there are sufficient realisations to allow a third distribution to be made to unsecured creditors. The Administrators issued a Notice of Intended Dividend to all known creditors who have not yet proved their debt stating a last date for proving of 5 August 2015. A third dividend will be paid within 2 months of that date to creditors with agreed claims. A copy of the Notice is available here.

Notice of Declaration of a Second Dividend dated 12 September 2014

On 12 September 2014, pursuant to Rule 2.98 of the Insolvency Rules 1986, the Joint Administrators declared and paid a second interim dividend of 8.1 pence in the pound to all unsecured creditors whose claims have been admitted for dividend purposes. The Joint Administrators are unable to advise the timing and quantum of any further dividends. A copy of the Notice to all creditors who have proved their debt is available here.

Notice of Intended Dividend dated 19 August 2014

Based on current information, the Administrators are of the view that there are sufficient realisations to allow a second distribution to be made to unsecured creditors. The Administrators issued a Notice of Intended Dividend to all known creditors who have not yet proved their debt stating a last date for proving of 9 September 2014. A second dividend will be paid within 2 months of that date to creditors with agreed claims. A copy of the Notice is available here.

Notice of Declaration of a Dividend dated 22 October 2013

On 22 October 2013, pursuant to Rule 2.98 of the Insolvency Rules 1986, the Administrators declared and paid a first interim dividend of 7.75 pence in the pound to all unsecured creditors whose claims have been admitted for dividend purposes. Further dividends are anticipated, though the timing and quantum is uncertain at present. A copy of the Notice to all creditors who have proved their debt is available here.

Notice of Intended Dividend dated 31 July 2013

Based on current information, the Administrators are of the view that there are sufficient realisations to allow a first distribution to be made to unsecured creditors. The Administrators issued a Notice of Intended Dividend to all known creditors who have not yet proved their debt stating a last date for proving of Friday 30 August 2013. A first dividend will be paid within 2 months of that date to creditors with agreed claims. A copy of the Notice is available here.