Vol. 576 No. 5
144 Mr. McGuinness asked the Tánaiste and Minister for Enterprise, Trade and Employment further to Parliamentary Question No. 147 of 13 November 2002, her views on the progress since that date and on the fact that some unsecured creditors are still not paid; if her attention has been drawn to the fact that some hauliers now face serious difficulty due to the fact that payment has not been made; and if she will make a statement on the matter. [29827/03]
I understand that the liquidation is progressing in an orderly and efficient manner and that considerable progress has been made in relation to the realisation of the company's assets. However, while the company's principle properties at Arklow and Marino Point have been placed on the market, I am advised that it may take some time to sell them. I also understand that most of the company's obligations to secured creditors have now been settled while payments to preferred creditors have been, or are in the course of being, made. Unfortunately, it is unlikely that any payments will be made to the unsecured creditors, which would include hauliers, until after the main property assets are sold. I do, of course, appreciate that some creditors may be experiencing some difficulties in the meantime. I understand that the liquidator will hold a creditors meeting shortly to outline progress with the liquidation.
