Hanjin bankruptcy – revised timetable for lodging claims
The revised scheduled is as follows:
|Original for 2016||Revised for 2016|
The receiver’s presentation of creditors’ list
|1 September - 19 September||1 September – 10 October|
|Claim reporting period||20 September – 4 October||11 October – 25 October|
|Claim inspection period||5 October – 18 October||26 October – 15 November|
|The receiver’s submission of rehabilitation plan||By and until 25 November||By and until 23 December|
Whilst it is unlikely that there will be any further revision, although we understand that provided that a failure to lodge a claim by the revised deadline is justifiable, there may be a further opportunity before the end of the 2nd Creditors’ Meeting (as yet unscheduled).
Our thanks to Kwon & Moon law firm in Korea for the updated information.
This comes amidst news that the board of Korean Air Lines – Hanjin’s biggest shareholder – approved a loan of 60bn Korean won ($54m; £41.5m) for the troubled shipping firm.