Unitholder update – 15/07/2020

We understand that the Trustee of Philip Sullivan’s bankrupt estate is continuing his investigations into the examinable affairs of Mr Sullivan and to form an independent view on whether any recoveries can be made for the benefit of the bankrupt estate and its creditors, and whether a Public Examination is warranted. Those investigations are ongoing. At present, the Trustee has recently made a request to the Bankrupt’s lawyers to provide information and documentation, and is waiting for a response.

Although it is difficult to estimate a response time, it is expected that those investigations will last for about another 3 months, at which time the Trustee will hopefully form a view in respect to the matters identified above. While those investigations are ongoing there is little that the Trustee can report on to creditors, including Trilogy.