A total of £280 million is to be returned to creditors of the Thomas Cook group of companies, which went into liquidation in 2019.
The Official Receiver has spent the last four years exploring ways to realise all available assets including the sale of airport slots, hotel investments and high street stores, which were owned across the group of companies.
David Chapman, who was appointed by the Court as Official Receiver and Liquidator of the Thomas Cook group, said: “I understand that a lot of people lost money following the collapse of Thomas Cook. My team has been working hard to finalise the liquidation, maximising funds which can now be distributed to creditors.
“I would encourage creditors to visit the dedicated Thomas Cook Claims Site to check the position regarding their claim as soon as possible, so we can consider whether they should receive any part of the funds being distributed.”
The Thomas Cook group is made up of 57 different companies in liquidation, not all of which will make payments to creditors and the payments made will be at different rates for each company.
Eligible creditors are expected to be paid before the end of September 2024.
If you would like more information about the issues raised in this article or any aspect of insolvency proceedings, debt collection and credit control, please contact a member of our team on 020 8290 7400 or email info@jpcreditsolutions.co.uk
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