ACFI Creditors Support Group
Avondale College Foundation Investors
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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.
Updates
PPB has send out a Sixth Distribution Cheque during the first week of August
PPB has confirmed that they have sent out a sixth distribution cheque during the first week of August July 2011. They anticpate the amount to be approximately 3.5 cents similar to the amount sent out in the middle of last year.
Originally, PPB estimated that our final returns would be between 72% and 87%. They believe that the final returns will be within this range but at the lower end.
The total now distributed (not including the coming payment) up to 45.28 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
• 6 January 2011 - 4.32 cents
• August 2011 -
NEWS
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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.
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