Why join this group?
This site is set up by creditors wanting to support each other. As well as providing information, creditors maybe able to act as a unified group.
Want to find out the lastest news?
As soon as information comes available, we will email you to let you know. This will save numerous individual calls to PPB which costs us all money.
Joining is free for creditors and is provided at no cost to creditors directly or indirectly.
Updates
Fourth Distribution Cheque
A Fourth Distribution Cheque is being sent out by PPB during the last week of July.
Originally, PPB had planned to send out the fourth distribution cheque of 4cents in the dollar in June 2010. However, not enough funds have been realised in order for this amount to be distributed to creditors. Originally it was decided to delay the distribution until 4 cents in the dollar could be sent out to each creditor. However, as it will take longer than expected for this amount to be raised, it has been decided to send out the fourth distribution cheque at the amount of 3 cents in the dollar bringing the total now distributed up to 40.96 cents in the dollar. The approximate dates of past distribution and amount paid in the dollar are:
•22 December 2008 - 19.96 cents
•4 August 2009 - 12.58 cents
•27 January 2010 - 5.23 cents
•29 July 2010 - 3.19 cents
