Two- or three-day hearing scheduled for mid-March

A date has now been set for the hearing to decide how much is owed to Peters Opal creditors in the wake of the collapse of Peters PLC earlier this year.

It has been set to last for two or three days commencing on the first available date between 12 and 14 March 2008.

The preliminary court hearing took place on 6 November 2007 at the High Court of Justice, followed by a creditors’ meeting in Arundel. It’s thought that as much as £1.5million pounds worth of debt remains after all the assets have been sold, although Chief Executive, Brian Peters has stated that he believes there may be a surplus.

KPMG, the administrators attempted to sell the business as a going concern but ended up selling it off in five separate sections within two months of taking over.

If you have been affected by the Peters collapse, RYA legal department may be able to assist, tel: 0845 345 0373 or by email