Billy Timmins (Wicklow, Fine Gael)
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Question 1115: 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. [2185/07]

Billy Timmins (Wicklow, Fine Gael)
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Question 1116: To ask the Minister for Enterprise, Trade and Employment the money paid to date to the unsecured creditors at a company (details supplied) in county Wicklow; and if he will make a statement on the matter. [2245/07]

Micheál Martin (Cork South Central, Fianna Fail)
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I propose to take Questions Nos. 1115 and 1116 together.

The determination of any payments due to creditors of IFI is a matter solely for the liquidator. 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 interim payments which amounted to 37.5% of their claims was made to unsecured creditors. I understand that it is hoped to resolve the small number of outstanding issues within a few months. At that stage, the liquidator will be in a position to determine the extent of any further dividends to unsecured creditors.