Billy Timmins (Wicklow, Fine Gael)
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Question 772: To ask the Minister for Enterprise, Trade and Employment the amount of money owed to the unsecured creditors at a company (details supplied) in County Wicklow; when same will be paid; and if he will make a statement on the matter. [2431/06]

Micheál Martin (Cork South Central, Fianna Fail)
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The determination of any payments due to creditors of IFI is a matter solely for the liquidator. The position of unsecured creditors can only be determined by the liquidator when all the assets of the company have been realised and all liabilities established. In this regard, I understand the liquidator has made considerable progress in realising the assets of the company and establishing the full extent of its liabilities.

I also understand the liquidator informed a meeting of creditors yesterday that he intends to make an interim payment of 10% to unsecured creditors shortly and that he envisages the final payout to creditors could be of the order of 40% to 45% of the money owed to them.