Brighter prospects are in store for creditors of the. American Oriental Finance Corporation, which falled In May last year. According to a slatement released by Dr. George Sellett, the liquidator, on Dee, 12, an amount of about $1,800,000 In. local currency had already been collected towards obligations totalling $4,00, 000, and he expected a healthy addi on to this gute in the near future, 'A subslantiol distribution of dividends to all creditors will: then become possible, The liquidators statement ran follows "When the American-Oriental Fiiiance Corporation failed to opt for business on May 24, 1995, it had very little cash on hand or' readily accessible, To the present ime we have collected, and now have on liliand, about $1'300,000 local currency, and Wwe anticipate that a substantial amount will be added to this figure within the near future, Obligations creditors of the American-Oriental Finance Corporation (in liquidation) total approximately $4,000,000 loca} currency.
"A detailed analysis is now being made of the claims of creditors' of the Finance Company and we anti: cipate that "before the end' of Februnty, 1997, creditors will informed' of the nianner in which It is proposed to deal with thei res~ pective claims, whereupon they will be given opportunity for Ming any objections which, they "may, have. We believe it will be possible make a substantial dividend distrlbution to all creditors of the Finance Company sharily thereafter."
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