Gerard Murphy (Cork North West, Fine Gael)
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Question 39: To ask the Minister for Enterprise, Trade and Employment if the liquidation of IFI has been completed; and if he will make a statement on the matter. [31910/06]

Micheál Martin (Cork South Central, Fianna Fail)
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The liquidation of IFI is still ongoing. However, I understand that the liquidator has made considerable progress in realising the assets of the company and establishing the full extent of its liabilities. At this stage, the assets of the company have all been realised.

It is understood that all claims from secured and preferential creditors have been paid at this stage, while a second interim payment was made to unsecured creditors in May bringing the total payments to unsecured creditors up to 37.5% of their claims. A small number of claims remain to be determined and the prospects for any further dividends will depend on the outcome of these remaining issues. I should, of course, stress that the determination of any payments due to creditors of IFI is a matter solely for the liquidator.