Unitholder update – 02/12/2020

We understand that the Trustee of Philip Sullivan’s bankrupt estate is continuing his investigations in to 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 is currently reviewing the information that he has received from the Bankrupt’s lawyers and is considering his next steps.

Further, it is expected that the Trustee will be able to provide a report to creditors in early 2021.